Outlook for the Housing Market

Economic Insights by Nationwide · Feb 21, 2023 · 16m

Last year the housing market was pummeled by the sharp rise in mortgage rates. Demand conditions still look quite dour in 2023, especially with loan rates projected to remain higher for some time. Can we expect housing activity to bottom out soon? What could that mean for home values? Nationwide’s Senior Economist Ben Ayers and Economist Daniel Vielhaber provide their outlook on the housing sector, sharing their analysis of market conditions as we head into the spring selling season. [NFM - 20130AO.69]