Found 1 blog entry tagged as 2023 predictions.

2023 Housing Predictions Revisited

You've seen my 2023 Huntsville, Alabama real estate predictions, now that we’re halfway through the year let's see how those predictions are faring.

1. Have Interest Rates Peaked?

I was really on the fence if interest rates had peaked and what interest rates might do in this market in 2023. I predicted that interest rates had peaked and that they would start to come down in 2023. I'm going to stick with that prediction.

Interest rates seem to have peaked in the low 7% range and they have come down slightly from that. With the Fed signaling that they may pause rates and a lot of fear and uncertainty being priced into the mortgage rates, it looks like that prediction could come true with interest rates…

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