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2023 Forecast for Key Housing Indicators

Seattle, Portland, San Francisco
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The typical mortgage payment will be higher, ↑ 28%, pricing many buyers out of the market. Mortgage rates will be higher, with early 2023 hikes to 7.4%, followed by a slight retreat to 7.1% by year-end. Home prices will continue to rise, but at a slower rate; ↑ 5.4%. Inventory will still lag pre-pandemic level, but will be ↑ 22.8% yearly, giving buyers more homes to choose from.

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Los Angeles, San Diego, Central Coast, New York, New Jersey, North Carolina, Colorado, Miami, Tampa, Orlando, Charlotte, Raleigh, USA, California, Sacramento, Texas, Austin, Houston, Dallas, San Antonio, Illinois, Chicago, Atlanta, Florida, Nevada, Washington D.C., Minnesota, Minneapolis, Ohio, Pennsylvania, Arizona, Philadelphia, Maryland, Massachusetts, Connecticut, Indiana, South Carolina, Virginia, Missouri, Hawaii, Arkansas, Tennessee, Washington, Alabama, Jacksonville, North Port-Sarasota-Bradenton, Cape Coral – Fort Myers, Georgia