Some Highlights

• From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
• If youre thinking of buying or selling a home this year, lets connect so you understand where the housing market is headed in 2023.

Sources:

• realtor.com
• Home Price Expectations

If youre thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs.

Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers.

And with less competition comes more

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in todays housing market.

An article fromCalculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph

If youre trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your homes value, heres what you really need to know.

Whats Really Happening with Home Prices?

Its possible youve seen news stories mentioning a drop in home values

Some Highlights

• If youre planning to make a move but arent sure if nows the right time, here are a few reasons why you shouldnt wait to sell your house.
• The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if its a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains:

The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic

Theres no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those whove thought about buying but have sidelined their search due to rising mortgage

If youre thinking about buying or selling a home this year, you may have questions about whats happening with home prices today as the market cools. In the simplest sense, nationally, experts dont expect prices to come crashing down, but the level of

Theres no denying mortgage rates are higher now than they were last year. And if youre thinking about buying a home, this may be top of mind for you. Thats because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, youll need to be strategic so you can find a home