Rattled housing market prompts reversal on 2023 forecasts with home prices and rents now expected to fall
Realtor.com has re-examined its prior housing predictions, and now expects a dip in prices and rents.
But downgrading the 2023 outlook does not signal a major wave of relief.
“Home costs are still going to be higher for buyers in 2023 because home price declines are very mild and not universal.”
Realtor.com has re-examined its previous housing market predictions for this year and pointed them in the opposite direction.
The real-estate company now expects average home list prices to drop 0.6% from last year, compared to its prior prediction of a 5.4% year-over-year rise in 2023.
Similarly, Realtor.com now
