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Nasdaq.com Housing Market 2023: Is a Double-Digit Drop in Prices Coming?

 

Housing Market 2023: Is a Double-Digit Drop in Prices Coming?

The long-awaited buyer’s market might finally make its debut this year. If you’ve been trying unsuccessfully to purchase a home, this will certainly come as welcome news.

“In my opinion, we will see a major slowdown in the number of transactions that occur,” said Gordy Marks, managing broker at the Gordy Marks Real Estate Team at RE/MAX Northwest in Seattle. “Fewer homes will be bought and sold in 2023 nationally, which is undeniable.”

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