The 2022 housing market was savagely unhealthy, with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing went into a recession in June and mortgage volume fell off a cliff.

So where does all that drama leave us for 2023? Buckle up as we look at each factor individually.

Home prices

My 2022 price forecast:

Last year, my details ⇒

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