Is there a risk of a housing market crash?

While there’s always a risk that any market will crash, this isn’t likely to happen in real estate right now. Credit standards are much tighter than they were before the 2008 crash and prices have begun to respond rationally to higher rates, so there’s not a bubble.

Will home prices rise in 2023?

Providing a blanket answer to this really isn’t possible, nor is it useful. Everything comes down to market conditions where you live. Speak with a real estate agent.

How will rising interest rates affect housing prices?

If interest rates were to continue to rise, prices would probably come down if the market behaves rationally in many markets. In other areas where there is more demand, prices might hold, but you would see a decrease in multiple-bidder scenarios.

2023 Housing Market Predictions