Will Home Prices Fall in 2023: Why Real Estate Won’t Crash

A 2023 Housing Forecast and analysis to what stopped home prices from crashing in 2022 and why housing looks strong moving forward into 2024. Home prices rose in 2022 year over year as inventory was the lowest ever in terms of number of available units for sale.

It is likely that 2023 will have low sales compared to 2022, but higher interest rates are keeping home prices from taking off and going higher again. The real estate market appears to be slowing down as the economy slows. There are no signs of a housing crash or a real estate bubble.

Todd and Oana are real estate agents in Las Vegas and have sold over 3,000 homes in the greater Las Vegas area including Henderson, Summerlin and North Las Vegas.

Todd Miller

Oana Miller

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