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Illustration: Brendan Lynch/Axios
Realtors across the country foresee an increasingly buyer-friendly housing market in 2023, a major shift from the frenetic and expensive pandemic-era housing boom.
Driving the news: The housing market has slowed — thanks to mortgage rates hovering around 6%.
In Charlotte, the market is moving with interest rates, Jeff Clay, owner of JClay Realty said.
In San Francisco, Eileen Bermingham with Corcoran Icon Properties predicts "fewer instances of overbidding and multiple offers.
In the Lone Star State, drastic home price falls are unexpected, according to Adam Perdue, an economist with the Texas Real Estate Research Center at Texas A&M University.
Other cities, like Miami, might see continued appreciation in 2023.
The bottom line: While mortgage rates make borrowing more expensive, buying conditions will be easier and price growth will moderate in 2023.
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