We've been riding a wild real estate wave since 2020 with home prices surging. Financial experts are now predicting a slow change beginning in 2023 with a continued decrease in home prices into 2024.
As stated in an article published by Appraisal Buzz
Experts Predict Prices to Fall 5% by the End of Next Year
Most financial institutions predict market prices will fall by around 5% by the end of 2023. Wells Fargo predicts the decrease will be over 5%, and analyst Ivy Zelman expects prices will drop by 4% in 2023 and another 5% in 2024.
Check out the full article: The Housing Market is Projected to Fall in 2023: What You Should Know
If you are looking to buy, build or renovate your home, kitchen or bath on Cape Cod, consider working with the REEF Builders team with complete real estate, design, permitting, and construction services.
Looking for costs per square foot for a new home on Cape Cod? Click here to download our Construction Cost Guide
Follow us on social @thecapecodbuilder
