One expert predicts that, due to low inventory, home prices will not drop in 2023 and may increase by just one percentage point. However, another expert believes that higher interest rates will negatively impact home values and pricing, resulting in a soft real estate market with lower home prices. Despite this, some potential buyers may still enter the market, particularly those who are not as affected by interest rate concerns, such as those paying with cash or those with lower loan-to-value ratios.
Eastland Escrow Inc. 