In fact, home prices are, depending on where you look, with declines in the West and gains in the South and East.
Where the housing market goes from here largely depends on the Fed's trajectory on interest rates, which influence mortgage rates. Last month's financial turmoil that began withHere's how top firms expect home prices to move in 2023. Based on the Zillow Home Value Index, analysts forecast that home prices will increase 0.5% from January 2023 to January 2024. last week that the lack of inventory makes it difficult to anticipate price declines.
"We can't promise that home prices will continue to fall because the inventory is not there to allow that to happen," she said."I really don't know where the inventory comes from to help prices come down."After seven consecutive months of declines, the CoreLogic Home Price Index showed a 0.