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
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