Housing market predictions for 2023: Rates, prices, and inventory

Article by Erik J. Martin | The Mortgage Reports
​Featured Expertise by Jason Gelios
​7 min. read

What to expect from the 2023 housing market
Everyone knows 2022 was a rough year for home buyers. Interest rates more than doubled over the course of the year while housing prices only continued to climb.

But the tides are beginning to turn. Buyers have gained more leverage as homes sit on the market longer. And mortgage rates ticked back down in November and December.
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Will things keep looking up in 2023? Or could the market overcorrect, leading to a crash?

​Here’s what buyers and homeowners can expect in the new year.

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