The Realtor.com website released its 2023 housing market predictions last week, stating that mortgage rates will be above 7%, rents will outpace home prices, and overall home sales will decline.It also predicted 100 of the largest local markets in the United States.
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According to the latest Zillow Weekly Market report, recent pending home sales in the nation went up again for an increase of 2.1 percent week over week and 13.7 percent Month over Month for the week ending June 20.
According to Lawrence Yun, Chief Economist at NAR, home sales declined in March due to the coronavirus, home prices increased.
