«  
  »

Fannie Mae Predicts Lower Home Sales and Home Prices Next Year

By , on October 13th, 2022

Yesterday, Fannie Mae released their October housing forecast in which they forecast, among other things, where home sales and prices are headed.  The report incudes a forecast for next year, which included:

  • Home prices in 2023 to decline 1.5% from 2022
  • Home sales to finish 2022 down nearly 18% from last year and drop another 22% in 2023
  • New home construction to end 2022 down 3.6% from last year and drop another 25% in 2023.
  • Mortgage Interest Rates will continue to rise the rest of these year, ending the year at 6.7% and then will ease back to 6.4% in 2023.

See Fannie Maes Complete Housing Forecast HERE

📬 Stay Ahead of the St Louis Market

Get local real estate updates, trends & insights — as soon as they publish.

Homeowners, buyers, investors & agents rely on us for what really matters in STL real estate.

We don’t spam! Read our privacy policy for more info.

📬 Want St Louis real estate updates as they drop?

Comments are closed.