As we move into 2023, we are beginning to see signs that the housing market is finally turning around. Home price appreciation is moderating from the recent surge, mortgage rates are dropping, inflation is beginning to ease, and overall market activity is increasing. This is all positive news for the housing market this year. Experts are optimistic on what lies ahead, here is what some of them are saying:

The current state of the housing market is that it is certainly in transition-            

Cristian deRitis, Deputy Chief Economist, Moody's Analytics

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

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

2023 should be a significantly better year for housing, as the industry continues to recover and the economy continues to expand-

David Berson, Chief Economist, Nationwide

The housing market is on the verge of a major turnaround, with prices expected to increase and inventory becoming more available in 2023-

Stan Humphries, Chief Economist