[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fvjt1msltv56f":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},4297,"what-experts-say-will-happen-with-home-prices-next-year","What Experts Say Will Happen with Home Prices Next Year","Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F30\u002Fwhats-actually-happening-with-home-prices-today\u002F\">home prices\u003C\u002Fa> have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: \u003Cem>what’s ahead for the price of my home,\u003C\u002Fem> know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F21133846\u002F20220919-KCM-Share-1.jpg","Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F30\u002Fwhats-actually-happening-with-home-prices-today\u002F\">home prices\u003C\u002Fa> have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: \u003Cem>what’s ahead for the price of my home,\u003C\u002Fem> know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value.\u003C!--more-->\r\n\r\nHistorically, home prices have appreciated at a rate near \u003Ca href=\"https:\u002F\u002Fwww.forbes.com\u002Fsites\u002Fqai\u002F2022\u002F08\u002F30\u002Fhousing-prices-are-dropping---yes-a-house-is-still-a-good-investment\u002F?sh=54fdefd17372\">4%\u003C\u002Fa>. For 2023, the average of six major forecasters noted below is 2.5%\u003Cem>.\u003C\u002Fem> While one, \u003Ca href=\"https:\u002F\u002Fwww.zelmanassociates.com\u002F\">\u003Cem>Zelman & Associates\u003C\u002Fem>\u003C\u002Fa>, is calling for depreciation, the other five are calling for appreciation. The graph below outlines each expert forecast to show where they project home prices are going in the coming year.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F21133845\u002F20220922-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-47202\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F21133845\u002F20220922-MEM-Eng-1.png\" alt=\"What Experts Say Will Happen with Home Prices Next Year | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nTo understand why experts are calling for appreciation next year, look to the economics of supply and demand. Dave Ramsey, Financial Expert, \u003Ca href=\"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=NDDwGqTVAdU\">says\u003C\u002Fa> this:\r\n\u003Cblockquote>\u003Cem>“The root issue of what drives house prices almost always is \u003Cstrong>supply and demand . . .”   \u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fblockquote>\r\nTwo things are driving home prices upward. First, the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F25\u002Fwhats-causing-ongoing-home-price-appreciation\u002F\">undersupply\u003C\u002Fa> of homes on the market is an issue we continue to face in this country. We still don’t have \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F08\u002Fshould-i-sell-my-house-this-year\u002F\">enough homes\u003C\u002Fa> on the market for the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F19\u002Fwill-my-house-still-sell-in-todays-market\u002F\">number of people\u003C\u002Fa> that want to buy them. To further that point, we’re still in a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F02\u002Fheres-why-its-still-a-sellers-market-infographic\u002F\">sellers’ market\u003C\u002Fa> nationally, and in that scenario, home prices tend to appreciate.\r\n\r\nSecond, millennials are moving through their peak homebuying years. Since they’re the largest demographic behind the baby boomers, demand isn’t going away any time soon.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nExperts are calling for home prices to appreciate next year, although at a slower pace than the previous three years. The reason for this is simple. The dynamics of supply and demand are playing out in real estate and will continue for many years to come.","\r\nExperts are calling for home prices to appreciate next year, although at a slower pace than the previous three years. The reason for this is simple. The dynamics of supply and demand are playing out in real estate and will continue for many years to come.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F21133845\u002F20220922-MEM-Eng-1.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices","2022-09-22T10:00:28Z","2023-02-03T15:33:51Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4295,"top-reasons-homeowners-are-selling-their-houses-right-now","Top Reasons Homeowners Are Selling Their Houses Right Now","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F20103428\u002F20220921-KCM-Share.jpg","2022-09-21T10:00:35Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4296,"fall-home-selling-checklist-infographic","Fall Home Selling Checklist [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F20144848\u002F20220923-KCM-Share.png","2022-09-23T10:00:06Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,62,66,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":68,"name":69,"slug":70},11,"First-Time Buyers","first-time-buyers",{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]