Hey everybody!  Home prices are one of the top things I'm getting questions about right now.  That's because people heard they were going to crash this year.  I know the headlines were scary, but prices didn't crash.  It just didn't happen. 

To help put your mind at ease, take a look at this.  A graph shows six year end expert forecasts for home prices this year.  Here's what I see.  The overall projection is that prices are actually going to be positive for 2023.

Sure, one organization is saying prices will end the year slightly down, but the key word there is slightly.  A 0.4% drop is definitely not a crash.  Don't get stuck on the one red bar.  Focus on how many green bars there are.  Altogether, experts shown here are forecasting prices with a net positivity. 

Don't believe everything you're hearing.  If you've got questions about what's true and what's happening in our area, let me know.