The housing market has gone through a lot of change recently, and much of that was a result of how quickly [mortgage rates](https://www.simplifyingthemarket.com/2023/01/17/think-twice-before-waiting-for-3-mortgage-rates/?a=713258-9a8342bcf821027012880bf1d7cccbf7) rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home [price appreciation](https://www.simplifyingthemarket.com/2023/01/20/whats-really-happening-with-home-prices-infographic/?a=713258-9a8342bcf821027012880bf1d7cccbf7) is slowing from the recent frenzy, mortgage rates are [coming down](https://www.simplifyingthemarket.com/2023/01/24/the-3-factors-that-affect-home-affordability/?a=713258-9a8342bcf821027012880bf1d7cccbf7), inflation is easing, and overall market activity is starting to [pick up](https://www.simplifyingthemarket.com/2023/01/26/why-it-makes-sense-to-move-before-spring/?a=713258-9a8342bcf821027012880bf1d7cccbf7). All of that’s great news for the housing market this year. Here’s what experts are saying. ##### Cristian deRitis, Deputy Chief Economist, [_Moody’s Analytics_](https://www.newsweek.com/housing-market-reckoning-wont-provide-salvation-homebuyers-1774415): > _“The current state of the housing market is that it is certainly in transition.”_ ##### Susan Wachter, Professor of Real Estate and Finance, [_University of Pennsylvania’s Wharton School_](https://www.bloomberg.com/news/articles/2023-01-12/housing-market-in-2023-will-be-shaped-by-fed-policy): > _“Housing is going to ease up. I think 2023 will be a turnaround year.”_ ##### Lawrence Yun, Chief Economist, [_National Association of Realtors_](https://apnews.com/article/inflation-national-association-of-realtors-business-0fee2b2e18dd8e4aa047f892476fcba8) (NAR): > _“Mortgage rates have fallen in the recent past weeks, so I’m very hopeful that the worst in home sales is probably coming to an end.”_ ##### Robert Dietz, Chief Economist and Senior Vice President, [_National Association of Home Builders_](https://www.businessinsider.com/2023-could-be-the-year-that-the-us-housing-market-gets-back-on-track-2023-1) (NAHB): > _“. . . it appears a turning point for housing lies ahead. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.”_ ### Bottom Line If you’re thinking about making a move this year, a turnaround in the housing market could be exactly what you’ve been waiting for. Let’s connect to talk about the latest trends in our area. Posted by [Ryan Drowne](https://www.thedavidgreengroup.com/blog/author/ryandrowne/) on February 2nd, 2023 Enjoy this blog post? Click here to subscribe for updates [Facebook Share this post on Facebook](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230202experts-forecast-a-turnaround-in-the-housing-market-in-2023.html# "Share this post on Facebook") Twitter Tweet this post on Twitter [Email Send a link to post via Email](mailto:?subject=Experts%20Forecast%20a%20Turnaround%20in%20the%20Housing%20Market%20in%202023&body=I%20was%20looking%20at%20https%3A%2F%2Fwww.thedavidgreengroup.com%2Fblog%2F%20and%20I%20thought%20you%20would%20like%20to%20look%20at%20this%20blog%20entry%3A%0D%0Ahttps%3A%2F%2Fwww.thedavidgreengroup.com%2Fblog%2Fhttpswwwsimplifyingthemarketcomen20230202experts-forecast-a-turnaround-in-the-housing-market-in-2023.html "Send a link to post via Email")[](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230202experts-forecast-a-turnaround-in-the-housing-market-in-2023/print.html "Opens new window with print ready page") ### Leave A Comment Leave text box empty Full Name\- required Email Address\- required Website Link e.g. yourwebsitename.com Comment\- required Submit Comment Please note that your email address is kept private upon posting. Message us ··· Chatra reCAPTCHA Recaptcha requires verification. [Privacy](https://www.google.com/intl/en/policies/privacy/) - [Terms](https://www.google.com/intl/en/policies/terms/) protected by **reCAPTCHA** [Privacy](https://www.google.com/intl/en/policies/privacy/) - [Terms](https://www.google.com/intl/en/policies/terms/)
