Neighborhood Homes

2023 Year-End Home Price Forecasts

Considering a property purchase? The rumors of plummeting home prices this year might have caused some hesitation. However, the facts and specialists’ insights should bring clarity. Contrary to beliefs, home prices are not plummeting and are set to end the year on a high note. Despite the buzz about potential price reductions of 5, 10, or even 20% this year, such a scenario hasn’t materialized. The primary reason is the limited availability of homes on the market. The demand from buyers exceeds the supply, preventing any significant price drop. To validate that 2023 wasn’t a disappointing year for property prices, […]

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