What Does the Future Hold for the U.S. Housing Market?

WHAT’S MOVING THE MARKET

According to a recent report from Redfin, the U.S. home-sale market is predicted to experience an unexpected dip in prices for the first time since 2012. Experts anticipate that the median sale price of homes in the US will drop by 4% over the next year and reach an estimated $368,000 by 2023; this shift is attributed to high interest rates and consumers having more access to final sale prices for homes that were contracted in late 2022. More here