Realtors predict the end of a frantic market in 2023
Realtors across the country foresee an increasingly buyer-friendly housing market in 2023
The housing market has slowed — thanks to mortgage rates hovering around 6%
While mortgage rates make borrowing more expensive, buying conditions will be easier and price growth will moderate in 2023
Texas will see a flattening in the rate of price increases on a year-over-year basis
San Francisco is predicted to see fewer instances of overbidding and multiple offers.
In Charlotte, the market is moving with interest rates - “we are likely in for a market with low overall activity, low supply and demand that will probably stay a bit muted”
Other cities, like Miami, might see continued appreciation in 2023