Housing Market Predictions: The Real Estate Forecast for the Next 5 Years

The year 2023 has been a rough one for many home buyers. That’s because home prices and mortgage rates are unaffordable for many. At the same time, a dearth of housing supply has amped up competition from rival purchasers, making it more challenging to find the right property. Many buyers and sellers are asking a fair question: Will real estate matters improve anytime soon?That logical query made us curious, as well. But we weren’t simply looking for short-term answers. We wanted to know how the national market might shake out in the long term, too. So, we reached out to a number of experts for their real estate forecast for the next 5 years. Check your home buying options. Start hereIn this article (Skip to...)Housing market overviewWhen will housing prices drop?Will mortgage rates come down?Will housing inventory increase?Will we shift into a buyer’s market?Will the housing market crash?The bottom lineNational real estate market numbers and trendsPrior to examining the predictions fo...