• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • New Homes
    • Griffin Manor
    • Nightfire at Arnold Mill
  • Search
    • Search All Listings
    • Search by Map
    • Featured Listings
    • New Listing Alerts
    • Neighborhoods
    • Login / Register
  • Services
    • Our Ultimate Marketing Guide
    • $1995 Listing Fee
    • We Buy Houses
    • Guaranteed Offer
    • Investor Services
    • Property Management
  • About
    • About Us
    • Our Team
    • Testimonials
    • Recommended Vendors
  • Join Our Team
  • Contact
  • Home
  • New Homes
    • Griffin Manor
    • Nightfire at Arnold Mill
  • Search
    • Search All Listings
    • Search by Map
    • Featured Listings
    • New Listing Alerts
    • Login / Register
  • Services
    • Our Ultimate Marketing Guide
    • $1995 Listing Fee
    • We Buy Houses
    • Guaranteed Offer
    • Investor Services
    • Property Management
  • Neighborhoods
  • Buyers
  • Sellers
  • Market Reports
  • Blog
  • Documents
  • Podcast
  • About
    • About Us
    • Our Team
    • Join Our Team
    • Testimonials
    • Recommended Vendors
  • Contact
You are here: Home / Market Reports / What Experts Say Will Happen with Home Prices Next Year

What Experts Say Will Happen with Home Prices Next Year

September 22, 2022 by Angelina Flores

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value.

Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. The graph below outlines each expert forecast to show where they project home prices are going in the coming year.

What Experts Say Will Happen with Home Prices Next Year | MyKCM

To understand why experts are calling for appreciation next year, look to the economics of supply and demand. Dave Ramsey, Financial Expert, says this:

“The root issue of what drives house prices almost always is supply and demand . . .”   

Two things are driving home prices upward. First, the undersupply of homes on the market is an issue we continue to face in this country. We still don’t have enough homes on the market for the number of people that want to buy them. To further that point, we’re still in a sellers’ market nationally, and in that scenario, home prices tend to appreciate.

Second, millennials are moving through their peak homebuying years. Since they’re the largest demographic behind the baby boomers, demand isn’t going away any time soon.

Bottom Line

Experts are calling for home prices to appreciate next year, although at a slower pace than the previous three years. The reason for this is simple. The dynamics of supply and demand are playing out in real estate and will continue for many years to come.

Filed Under: Market Reports Tagged With: Home price update, home prices, supply and demand

Primary Sidebar

Sandra Watkins & John Marion headshot

Sandra Watkins

770-324-3680
Contact Sandra

John Marion

703-371-9548
Contact John

New Listing Notifications

Details

What's Your
Home Worth

Details
"Sandra Watkins is one of the Best Realtors in Real Estate! She has helped us many times with purchasing and selling of our homes. Sandra is very Knowledgeable,... full testimonial"
- Stacy & Cindy S.
Testimonials
Follow Us On Instagram
#justsold #sandrawatkins #innovativepropetiesgrou #justsold #sandrawatkins  #innovativepropetiesgroup #remaxtownandcountry
#justsold #kristiangrahamcornelius #innovativeprop #justsold #kristiangrahamcornelius #innovativepropertiesgroup #remaxtownandcountry
#undercontract #sandrawatkins #innovativepropertie #undercontract #sandrawatkins #innovativepropertiesgroup #remaxtownandcountry
High visibility location at the corner of Marietta High visibility location at the corner of Marietta Hwy and Butterworth Rd. Currently bail bond business. Available immediately.
#justsold #sandrawatkins #innovativepropertiesgrou #justsold #sandrawatkins #innovativepropertiesgroup #remaxtownandcountry

Footer

company logo company logo
Innovative Properties Group
102 Overlook Circle Ste A
Canton, GA 30115-7432
770-324-3680
703-371-9548
Contact Us

Join OurNewsletter

Never miss a thing.

This field is for validation purposes and should be left unchanged.

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design opens in new window by IDXCentral.com