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Where Are Home Prices Headed in 2023

By Dale Oviatt posted 05-23-2023 12:00 AM

  

Expert forecasts vary, but here are some notable factors that could put upward or downward pressure on home prices for the remainder of the year.

“Where are prices going?” is a perennial question in the housing industry—one that has garnered even more attention recently given the volatility in the housing market over the past 12 months.

Heading into 2023, Fortune polled 18 top economists and housing experts across the country asking about expectations for where home prices might go this year (see graph below). There was a great divergence of opinions with some forecasters calling for price increases (up over 5%) and others expecting declines of 20%.


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