Home Prices to Rise in 2023? Realtor.com Housing Forecast
What makes home prices rise?
There are many factors that can cause home prices to rise, such as an increase in demand for housing, a shortage of available homes for sale, and improvements in the overall economy. In some cases, rising home prices can also be due to factors such as inflation and increases in interest rates, which can make it more expensive for people to borrow money to buy a home. Additionally, factors such as the location of a home and the state of the local housing market can also affect home prices.
What will home prices do in 2023?
It is impossible to predict with certainty what will happen to home prices in 2023. Factors such as economic conditions, demand, and supply can all impact the housing market and affect home prices.
Todd Miller
Todd@nvrs.com
702-285-4207
Oana Miller
Oana@nvrs.com
702-285-4207