Found 1 blog entry tagged as market update.

The housing forecast for 2023 is mixed. The housing market has seen an extraordinary rise in home prices this past year. Most experts in the housing industry predict less buyer demand, lower prices, and higher borrowing rates. According to The Business Journals and Forbes here are a couple of predictions for the 2023 housing market for in-demand markets.

Southeast Florida and New York City are examples of in-demand markets. South Florida is improbable to see a major setback in values and will likely show modest price growth up to 5% from current levels. The Northeast is seeing a return of buyers to more urban areas such as New York City. New York City is unlikely to see any major adjustment due to the limited number of turnkey homes for sale,…

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