Where the Top Experts say the Housing Market is heading in 2023

While the market certainly experienced some major trouble during 2022, there are signs of hope on the horizon – especially for buyers. Find out what the top industry experts are predicting for the housing market in 2023.

What's The Outlook For The Housing Market in 2023?

As we head into 2023, the economy and the housing market are high on the list of worries for many homeowners. Unfortunately, housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to last year. Nationwide, prices have also come down, with the average home price down to $379,100 compared to $413,800 in June.

Housing Report: Home prices fall for the first time in 3 years!

In the latest Orange County Housing Report, Real Estate expert Steven Thomas discusses the chatter about a "housing recession" and what it means for homeowners and prospective buyers. While Thomas says the housing market has seen a significant drop in sales, he believes recession talk doesn't necessarily mean that housing is in a crisis or that values will plummet.

No housing Crash coming, according to Real Estate Expert Steven Thomas; other Experts are not so sure.

Rising inflation, stock market losses, and a housing market that seems to keep going up have homeowners and investors questioning whether the bubble is about to burst.

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