2023 housing market predictions: Common threads
All the forecasts are in. See what economists agree on — and where their predictions for 2023 diverge.
January 1, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Tech in 2023: Shifting from 'nice to have' to 'have to have'Tech leaders from Roof AI, MoxiWorks, Constellation1 and Zillow weigh in on the state of tech — and where it needs to go in 2023.December 30, 2022
- Even wealthy buyers are hitting the pause buttonA new Redfin report estimates sales of luxury homes dropped 38.1% year-over-year, the biggest decline in 10 years.December 28, 2022
- Real estate in 2022: A year of action-movie intensityAt this time last year, no one predicted that the market would take such a wild ride.December 22, 2022
- Realtor.com rentals division expands reach, nurtures future buyersSince acquiring rental management software company Avail in 2020, Realtor.com has doubled the size of the team and plans to grow its rentals footprint.Updated December 29, 2022
- The next few weeks will tell us where the market is headed in 2023The ATTOM/Altos Research Housing Market Outlook expects interest rates to remain elevated, leading to price drops of around 5% and a mild recession.December 20, 2022
- After a year of declining confidence, what's ahead for builders?The National Association of Home Builders’ survey showed confidence dropped for the 12th straight month in December, but things may be leveling out.December 19, 2022
- A slower market isn't slowing growth at The Real BrokerageReal CEO Tamir Poleg said the company is prioritizing growth — through acquisitions, agent count and market share — to improve the homebuying process.December 19, 2022
- Luxury brands are snatching up Global Living teams after breakup with CorcoranThe Corcoran Group cut ties with Global Living last month, prompting a number of the affiliate's former agents to team up with other brokerages.December 19, 2022
- Corcoran Group forms new affiliate after Global Living falloutAfter terminating a franchise agreement with Global Living, The Corcoran Group has launched a new affiliate with 900 agents in Northern California.December 16, 2022
- Condos are holding their value in markets across the USSince peaking in the spring, condominium prices have fallen 4.4% nationally, while single-family prices fell 8.6%.December 15, 2022
- Mortgage rates inch down for fifth straight weekDespite the Fed's half-point rate increase on Wednesday, the mortgage market continues to see declining rates, dropping to 6.31% today.December 15, 2022
- Homeowners who want to move feel 'stuck'A recent survey by Point found that 90% of homeowners who'd like to move in 2023 think it would be too costly.December 13, 2022
- NAR 2023 forecast: Expect a soft landing nationally, with some turbulenceNAR's Lawrence Yun and a panel of four other economists agreed that a crash was unlikely, but discussed both new and chronic issues affecting the market.December 13, 2022
- The Real Brokerage appoints presidentSharran Srivatsaa, who has worked in real estate, finance and tech, will take on the newly created position at the fast-growing brokerage.December 12, 2022
- The highs, lows and path forward for fintech company KnockCEO Sean Black shares the journey of his company's near-IPO followed by painful layoffs and strategic changes.December 11, 2022
- As inventory builds, will buyers return to the market in early 2023?The number of homes for sale jumped a record 15% year-over-year, but mortgage rates will dictate affordability and buyer interest.December 8, 2022
- Mortgage rates continue to soften, but buyers aren’t respondingThe average rate for a 30-year mortgage was 6.33% this week. It’s now the fourth consecutive week of rate drops.December 8, 2022
- Foreclosures on the rise, but remain in checkATTOM's monthly Foreclosure Market Report found filings were up 57% year-over-years still but well below pre-pandemic levels.December 7, 2022
- Zillow ready to show off ShowingTime+ in 2023Mike Lane, co-founder of ShowingTime, says the unified ShowingTime+ brand is arriving at just the right time for agents.Updated December 9, 2022
