If you’re thinking about\[buying or selling\](https://www.simplifyingthemarket.com/2023/01/02/what-are-your-goals-in-the-housing-market-this-year/?a=713258-9a8342bcf821027012880bf1d7cccbf7)
a home soon, you probably want to know what you can expect from the\[housing market\](https://www.simplifyingthemarket.com/2022/12/27/confused-about-whats-going-on-in-the-housing-market-lean-on-a-professional/?a=713258-9a8342bcf821027012880bf1d7cccbf7)
this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about\[2023\](https://www.simplifyingthemarket.com/2022/12/21/what-to-expect-from-the-housing-market-in-2023/?a=713258-9a8342bcf821027012880bf1d7cccbf7)? An article from
_HousingWire_
\[offers\](https://www.housingwire.com/articles/the-red-hot-housing-market/)
this perspective: ###### _“The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a ‘typical’ housing market looks like.”_ This year, experts agree we may see the return of greater stability and predictability in the housing market if inflation continues to ease and\[mortgage rates\](https://www.simplifyingthemarket.com/2022/12/16/2023-housing-market-forecast-infographic/?a=713258-9a8342bcf821027012880bf1d7cccbf7)
stabilize. Here’s what they have to say. The 2023 forecast from the
_National Association of Realtors_
(NAR)
\[says\](https://www.nar.realtor/magazine/real-estate-news/2023-real-estate-forecast-market-to-regain-normalcy): ###### “_While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, ._
_._
_mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, . . .”_ Danielle Hale, Chief Economist at
_realtor.com_,
\[adds\](https://www.realtor.com/research/2023-national-housing-forecast/): ###### _“. . . buyers will not face the extreme competition that was commonplace over the past few years.”_ Lawrence Yun, Chief Economist at NAR,
\[explains\](https://www.nar.realtor/magazine/real-estate-news/2023-real-estate-forecast-market-to-regain-normalcy)
home prices will vary by local area, but will net neutral nationwide as the market continues to adjust: ###### _“After a big boom over the past two years, there will essentially be no change nationally_
. .
_._
Half of the country may experience small price gains, while the other half may see slight price declines.”_ Mark Fleming, Chief Economist at
_First American,_
\[says\](https://blog.firstam.com/economics/why-the-housing-market-may-begin-to-stabilize-in-2023): ###### _“The housing market, once adjusted to the new normal of higher mortgage rates,
will benefit from continued strong demographic-driven demand relative to an overall, long-run shortage of supply.”_ ### Bottom Line If you’re looking to buy or sell a home this year, the best way to ensure you’re up to date on the latest market insights is to partner with a trusted real estate advisor. Let’s connect. Posted by [Ryan Drowne](https://www.thedavidgreengroup.com/blog/author/ryandrowne/) on January 9th, 2023 Enjoy this blog post? Click here to subscribe for updates [Facebook Share this post on Facebook](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230109what-experts-are-saying-about-the-2023-housing-marketa71325.html# "Share this post on Facebook") Twitter Tweet this post on Twitter [Email Send a link to post via Email](mailto:?subject=What%20Experts%20Are%20Saying%20About%20the%202023%20Housing%20Market&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%2Fhttpswwwsimplifyingthemarketcomen20230109what-experts-are-saying-about-the-2023-housing-marketa71325.html "Send a link to post via Email")[](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230109what-experts-are-saying-about-the-2023-housing-marketa71325/print.html "Opens new window with print ready page")
