64 |
TH E M R EP O RT
FINAL THOUGHTS
Shifts and Changes
In this month's Final Thoughts, we hear from executives and experts on the
current state of the housing market and what's to come in 2023. Will the
market see more moderation or more inflation? Here are some insights:
"homebuyers squeezed"
Realtor.com Senior Economist George Ratiu on the state of the housing market and why
Americans are paying higher payments at a time when overall consumer prices continue to rise.
"upswing in price growth"
CoreLogic Chief Economist Selma Hepp discusses which cities and pandemic boomtowns
posted annual price declines amid slowing mortgage rates.
"stagnant listings"
San Jose, California, Redfin agent Angela Langone details data on listings that were stagnant in
November and December that are suddenly getting offers and going under contract.
"the dominant factor"
Lawrence Yun, National Association of Realtors Chief Economist on mortgage rates
being the dominant factor driving home sales and how recent declines in rates are
clearly helping to stabilize the market.
"a key issue"
Realtor.com Chief Economist Danielle Hale on why renting will likely be cheaper than buying
in 2023 and how rental affordability will remain a key issue throughout the year, as she expects
rents will keep hitting new highs.
