Our Chief Economist, Matthew Gardner predicts that interest rates will hit 5.4% by the end of 2023.
His prediction is aligned with most expert real estate economists.
While rates will continue to bounce up and down as the year goes on, the general trend will be lower rates.
This prediction is mainly based on the Fed tempering their increases as inflation starts to ease in the second half of the year.
Because of this prediction, we see housing demand increasing as rates decrease throughout the year.