• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Live the Flagstaff Life

Live the Flagstaff Life

Flagstaff Lifestyle and Real Estate

  • Home
  • Search Homes For Sale
  • Guides
    • Buyer’s Guide
    • Relocation Guide
    • Request a Seller’s Guide
  • Blog
  • Vacation Rental Management
  • About Us
    • An Interview With Katannya
    • Contact
    • Privacy Policy
    • Terms and Conditions
You are here: Home / Real Estate / What Experts Are Saying About the 2023 Housing Market

What Experts Are Saying About the 2023 Housing Market

January 9, 2023 by Katannya Hartwell Leave a Comment

Share
Share
Pin
Email
More
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?

An article from HousingWire offers this perspective:

“The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a ‘typical’ housing market looks like.”

This year, experts agree we may see the return of greater stability and predictability in the housing market if inflation continues to ease and mortgage rates stabilize. Here’s what they have to say.

The 2023 forecast from the National Association of Realtors (NAR) says:

“While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, . . . mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, . . .”

Danielle Hale, Chief Economist at realtor.com, adds:

“. . . buyers will not face the extreme competition that was commonplace over the past few years.”

Lawrence Yun, Chief Economist at NAR, explains home prices will vary by local area, but will net neutral nationwide as the market continues to adjust:

“After a big boom over the past two years, there will essentially be no change nationally . . . Half of the country may experience small price gains, while the other half may see slight price declines.”

Mark Fleming, Chief Economist at First American, says:

“The housing market, once adjusted to the new normal of higher mortgage rates, will benefit from continued strong demographic-driven demand relative to an overall, long-run shortage of supply.” 

Bottom Line

If you’re looking to buy or sell a home this year, the best way to ensure you’re up to date on the latest market insights is to partner with a trusted real estate advisor. Let’s connect.

Filed Under: Real Estate Tagged With: Flagstaff Az Realtor, Flagstaff Realtor, Real Estate in Flagstaff Arizona, Real Estate in Flagstaff Az

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

sellers see what I do differently

buyers search homes in flagstaff!
  • Ponderosa Trails
  • Flagstaff Golf Communities

Copyright © 2025 · by Katannya Hartwell, Realtor® · Log in

eXp Realty | Privacy Policy | Terms and Conditions

exp logo, fair housing, multiple listing service, relator logo