📉 During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023.
🤔 Did they?
Here’s what you need to know: Home Prices Never Crashed 😱
The actual data (see chart on second slide) shows that home prices performed far better than some media outlets predicted.
Per the Wall Street Journal: “Home prices aren’t falling anymore. . . The surprisingly quick recovery suggests that the residential real-estate downturn is turning out to be shorter and shallower than many housing economists expected . . .”
🔮What’s Next for Home Prices?
📈 The consensus from experts is that home price growth will continue in the years ahead and is returning to normal levels for the market. That means we’ll still see home prices appreciating, just at a slower pace than the last few years.