Property analysts predict that home prices will ↓ an avg of 2.8% in 2023.
That is less than the 4.5% drop predicted earlier.
That is also despite the aggressive tightening cycle by the Fed.
The tight supply of homes is the main factor contributing to the resilience of home prices.
![](https://blog.stevespiromaritimeproperties.com/wp-content/uploads/2023/07/image_13979_17268.jpg)
The General Trend Expected for the US Housing Market
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