NAR Economist Predicts That Home Prices Won't Decrease in 2023
Lawrence Yun, chief economist for the National Association of Realtors (NAR), examined the home market's current position and provided his market forecast for 2023 on Friday at the NAR conference in Orlando. Yun said that although high mortgage rates, slow home sales, and rising inflation have had a significant negative impact on the housing industry, it is unlikely that these problems will result in a decline in home prices in 2023. He also noted that even if mortgage rates
