{"id":7958,"date":"2023-02-02T11:30:30","date_gmt":"2023-02-02T11:30:30","guid":{"rendered":"https:\/\/thezakariagroup.com\/experts-forecast-a-turnaround-in-the-housing-market-in-2023\/"},"modified":"2023-02-02T11:30:30","modified_gmt":"2023-02-02T11:30:30","slug":"experts-forecast-a-turnaround-in-the-housing-market-in-2023","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/experts-forecast-a-turnaround-in-the-housing-market-in-2023\/","title":{"rendered":"Experts Forecast a Turnaround in the Housing Market in 2023"},"content":{"rendered":"
\"Experts<\/p>\n

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates<\/a> rose last year.<\/p>\n<\/p>\n

Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation<\/a> is slowing from the recent frenzy, mortgage rates are coming down<\/a>, inflation is easing, and overall market activity is starting to pick up<\/a>. All of that\u2019s great news for the housing market this year. Here\u2019s what experts are saying.<\/p>\n<\/p>\n

Cristian deRitis, Deputy Chief Economist, <\/strong>Moody\u2019s Analytics<\/em><\/strong><\/a>:<\/strong><\/h5>\n<\/p>\n

\u201cThe current state of the housing market is that it is certainly in transition<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

Susan Wachter, Professor of Real Estate and Finance, <\/strong>University of Pennsylvania\u2019s Wharton School<\/em><\/strong><\/a>:<\/strong><\/h5>\n<\/p>\n

\u201cHousing is going to ease up. I think 2023 will be a turnaround year<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

Lawrence Yun, Chief Economist, <\/strong>National Association of Realtors<\/em><\/strong><\/a> (NAR):<\/strong><\/h5>\n<\/p>\n

\u201cMortgage rates have fallen in the recent past weeks, so I\u2019m very hopeful that the worst in home sales is probably coming to an end<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

Robert Dietz, Chief Economist and Senior Vice President, <\/strong>National Association of Home Builders<\/em><\/strong><\/a> (NAHB):<\/strong><\/h5>\n<\/p>\n

\u201c. . . it appears a turning point for housing lies ahead<\/strong>. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.\u201d<\/em><\/p><\/blockquote>\n

Bottom Line<\/h3>\n

\nIf you\u2019re thinking about making a move this year, a turnaround in the housing market could be exactly what you\u2019ve been waiting for. Let\u2019s connect to talk about the latest trends in our area.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[99,100,102],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nExperts Forecast a Turnaround in the Housing Market in 2023 - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/experts-forecast-a-turnaround-in-the-housing-market-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Experts Forecast a Turnaround in the Housing Market in 2023 - 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