Leave a Message

Thank you for your message. We will be in touch with you shortly.

2023 Real Estate Market Turnaround

2023 housing market

2023 Real Estate Market Turnaround

Experts Forecast a Turnaround in the Housing Market in 2023 ...and at Avant One, we are seeing this happen first hand.  

From multiple offers, to very busy open houses the market in Westlake Village is heating up.  

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pick up. All of that’s great news for the housing market this year. Here’s what experts are saying.

Cristian deRitis, Deputy Chief Economist, Moody’s Analytics:

“The current state of the housing market is that it is certainly in transition.”

Susan Wachter, Professor of Real Estate and Finance, University of Pennsylvania’s Wharton School:

“Housing is going to ease up. I think 2023 will be a turnaround year.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“Mortgage rates have fallen in the recent past weeks, so I’m very hopeful that the worst in home sales is probably coming to an end.”

Robert Dietz, Chief Economist and Senior Vice President, National Association of Home Builders (NAHB):

“. . . it appears a turning point for housing lies ahead. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.”

Bottom Line

If you’re thinking about making a move this year, a turnaround in the housing market could be exactly what you’ve been waiting for.

Let’s connect to talk about the latest trends in our area.


Recent Blog Posts

Stay up to date on the latest real estate trends.

home selling strategies

Unlocking Equity: A Key Factor for Selling Your Home in Westlake Village, Thousand Oaks, and The Conejo Valley

How Home Equity and Tenure Play a Crucial Role in Your Decision to Sell

luxury homes

Exploring the Luxury Home Market in Westlake Village and Thousand Oaks: Why Now is the Time to Buy

Discover the Upscale Living Opportunities in Westlake Village and Thousand Oaks as the Million-Dollar Home Market Expands

2024 Housing Trends

Why Off-Market Sales May Not Maximize Your Home's Value: A Client's Story

A Client’s Experience Reveals the Risks

informed decisions for seniors

Elder Abuse Awareness: Protecting Our Vulnerable Seniors on Elder Abuse Awareness Day

Recognizing the Signs, Taking Action, and Ensuring the Safety and Well-being of Our Elderly Population

elder abuse awareness

Protecting Seniors in Real Estate: Raising Awareness and Preventing Elder Abuse

Understanding the Risks and Implementing Safeguards to Protect Elderly Clients in Property Transactions

elder abuse awareness

Safeguarding Seniors in Real Estate: Ensuring Safe and Informed Decisions

Protecting the Emotional and Financial Well-Being of Seniors in Real Estate Transactions

real estate news

Clearing the Confusion: Addressing Misinformation in Real Estate and Understanding the NAR Settlement

How Social Media Misinformation Impacts Real Estate and What You Need to Know About the NAR Settlement

Wildfire Seson

Prepare for Wildfire Season: Secure Your Property with Defensible Space

Deadline Alert: June 1st for Ventura and Los Angeles County Residents - Act Now to Protect Your Home and Community!

Real estate valuation

Navigating Property Valuation: The True Value of Price Per Square Foot

Decoding Real Estate Metrics to Ensure Accurate Property Comparisons

Let’s Talk

You’ve got questions and we can’t wait to answer them.

Follow Us on Instagram