The 2023 housing market is poised to be more balanced.
The Fed increased its benchmark rate by 0.25% and inflation has declined.
The median sale price continued its seven-month decline from its June 2022 peak.
Banks are tightening their credit standards to hold more liquid assets on their balance sheets.
Home sales fell 3.4% month over month as homebuyers faced volatile mortgage rates.
The Fed will likely raise rates at least two more times this year.
We’re happy to say that consensus has shifted to moderate economic growth.
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