![](\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2023\/02\/experts-forecast-a-turnaround-in-the-housing-market-in-2023-KCM.jpg?w=1220&ssl=1\")
\n![\"Experts](\"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2023\/02\/experts-forecast-a-turnaround-in-the-housing-market-in-2023-KCM.jpg?w=358&ssl=1\")
\nThe housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates<\/a> rose last year.<\/p>\n\n Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation<\/a> is slowing from the recent frenzy, mortgage rates are coming down<\/a>, inflation is easing, and overall market activity is starting to pick up<\/a>. All of that\u2019s great news for the housing market this year. Here\u2019s what experts are saying.<\/p>\n\n \u201cThe current state of the housing market is that it is certainly in transition<\/strong>.\u201d<\/em><\/p><\/blockquote>\n \u201cHousing is going to ease up. I think 2023 will be a turnaround year<\/strong>.\u201d<\/em><\/p><\/blockquote>\n \u201cMortgage rates have fallen in the recent past weeks, so I\u2019m very hopeful that the worst in home sales is probably coming to an end<\/strong>.\u201d<\/em><\/p><\/blockquote>\n \u201c. . . it appears a turning point for housing lies ahead<\/strong>. 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.\u201d<\/em><\/p><\/blockquote>\n \nIf you\u2019re thinking about making a move this year, a turnaround in the housing market could be exactly what you\u2019ve been waiting for. Let\u2019s connect to talk about the latest trends in our area.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":" 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.<\/p>\n","protected":false},"author":1,"featured_media":3665,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tCristian deRitis, Deputy Chief Economist, <\/strong>Moody\u2019s Analytics<\/em><\/strong><\/a>:<\/strong><\/h5>\n\n
Susan Wachter, Professor of Real Estate and Finance, <\/strong>University of Pennsylvania\u2019s Wharton School<\/em><\/strong><\/a>:<\/strong><\/h5>\n\n
Lawrence Yun, Chief Economist, <\/strong>National Association of Realtors<\/em><\/strong><\/a> (NAR):<\/strong><\/h5>\n\n
Robert Dietz, Chief Economist and Senior Vice President, <\/strong>National Association of Home Builders<\/em><\/strong><\/a> (NAHB):<\/strong><\/h5>\n\n
Bottom Line<\/h3>\n