Home Prices Already Rising in 2023? Why Housing is Going Up Again!

Home prices are going up again in 2023 as the number of homes on the market are falling off a cliff. The forecast for homes prices in 2023 was that home value would moderate this year, but they have already started going up as unemployment hit a 50 year low and there were over 500,000 jobs created in January.

Will home prices keep going up? It certainly looks like for the short term there won’t be a housing crash and housing will just get more expensive. What do these higher prices mean for sellers? Will there be bidding wars again in 2023? Will this trend of higher home prices continue into 2024?

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