2023 Real Estate Economic Forecast: Recession and Inflation Outlook

2023 Real estate forecast from numerous investment banks including JP Morgan, Citi, Fidelity, Credit Suisse, Goldman Sacks and others. There is a 65% chance of a recession in 2023, most of which are predicting the 1st and 2nd quarters of 2023 will be negative growth.

Home prices are forecasted to mostly moderate, down 15% from the highs, and in some markets we are already more than half way down. There is a long term shortage on inventory in the housing market and while home sales are down, the number of houses available for purchase is very low as well.

Real estate home values could fall another 8% nationally this year, but if mortgage rates drop substantially, 2023 could end the year with similar or higher prices than currently. Please subscribe to our channel to get updates on the national real estate market as well as the Las Vegas real estate market.

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