2023 DFW Housing Market Forecast | Mortgage Rate & Price Predictions for Dallas Fort Worth Area

What will happen to the Housing Market in 2023? Will mortgage rates go up or down? Will home prices crash or rise? What will it be like in the Dallas-Fort Worth Area and North Texas in the coming year? The Hansen Team gives their market predictions for DFW in 2023 based on news and research from top experts, and advice for people planning to move in 2023 based on professional experience! They review the market shift of 2022, the problems of the previous real estate market, as well as the opportunities and obstacles presented by the slower market of the fall and winter of 2022. They then turn to give predictions for 2023 based on market experts and researchers. They share Information on mortgage rates falling based on the predictions of Dr. Lawrence Yun at the National Association of Realtors and Redfin Research, both of which agree that rates are likely to fall throughout the year to under 6%. They also share expectations for home prices in the area, noting that experts at NAR expect prices to hold firm and not drop, plus a new article from NAR pointing out DFW as one of the most likely markets to grow in price in 2023 based on specific market factors. Finally they share their own tips to buyers and sellers for 2023 to get the most out of the 2023 market. Chase Hansen and Lori Gentry are a Real Estate team serving the Dallas-Fort Worth Area and North Texas. If you want help buying or selling a home in 2023, or just to discuss your options, feel free to email chasehansen@remax.net for help! You can also connect with the team on Instagram @HansenRealtorsDFW