- Kendrick Davis, Indianapolis Realtor
- 317-617-0732
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If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices?
![Home Price Forecasts Revised for 2023 [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/content/images/20230907/Home-Price-Forecasts-Revised-for-2023-KCM-Share.png)
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023.
The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow.
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory.
![Home Prices Are Back on the Rise [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/content/images/20230810/Home-Prices-Are-Back-On-The-Rise-KCM-Share.png)
Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
![Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/content/images/20230803/Housing-Market-Forecast-For-The-Rest-Of-2023-KCM-Share.png)
Want to know what experts say will happen in the rest of 2023?
While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now.
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices?