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Hunters Hoping for Steep Price Cuts Next Year Are out of Luck

Location
Seattle, Portland, San Francisco
Publish Date
2022/12/09

Home buyers hoping that 2023 will deliver falling home prices will be out of luck. The median home price nationwide is expected to tick up 5.4% next year. Avg mortgage rates are forecast to hover ~7.4%; and the typical monthly mortgage payment will be $2,430, ↑ ~ 28% yearly. But buyers can expect far less competition for a growing number of homes for sale.

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