![]() So there’s little to no danger of home prices dropping like a rock-even if they trend down a bit in some markets. ![]() Plus, housing supply is still super low and probably won’t catch up for a few years. Lending rules are stricter now, so experts don’t expect a massive amount of foreclosures (I’ll cover more on that later). And really, crazy just adds an extra level of stress to buying or selling a house.īased on the data, it’s unlikely the housing market will crash in the next few years because the current market is so different from the housing market crisis that caused the Great Recession of 2007–09. The crazy way houses were getting multiple offers and selling for thousands of dollars over asking price within hours of going on the market is pretty much over. Okay, first things first: 2023 is not 2021. With that said, here’s my real estate market forecast. only your personal situation and finances should do that! You never want to let a market prediction control your housing decisions. Just remember, a housing market forecast can only give you an idea of what to expect if you buy or sell a house in the coming months. Still, even if you don’t know for sure, you can check out what the experts are saying and make some pretty good guesses. The real estate pros make their best forecasts based on data, but no one can know what’s going to happen with 100% accuracy. The truth is, housing market predictions are about as reliable as weather forecasts. The housing market has seen a lot of unusual trends in the past couple years, so it makes sense that you’d want the latest update on what’ll happen in the market before you decide to buy or sell. If you’re thinking about buying or selling a house right now, you’re not alone.
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