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  1. Housing
  2. Home Prices

Housing Market Forecast: Will Home Prices Drop in 2023?

By: Leslie Cook
Leslie Cook, expert in Mortgages, housing market, home renovations, consumer credit, and Editor, Real Estate at Money
Leslie Cook
Editor, Real Estate | Joined November 2019
Leslie Cook is Money’s lead mortgage reporter covering trends in the housing market, mortgage rates and real estate. She also writes about home renovation trends and tips.
See full bio
Editor: Kristen Bahler
Kristen Bahler, expert in Personal Finance. Creates lists for Best Places to Live and Best Places to Travel., and Editor at Money
Kristen Bahler
Editor | Joined July 2016
Kristen Bahler is a seasoned journalist, versatile editor and bewildered first-time homeowner. Her work sheds light on the cultural currents shaping real estate today; from the virtues of dilapidated old houses to the best places to live in America.
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Published: Jul 14, 2023 6 min read
Suburban house exterior
Money; Shutterstock

The spring homebuying season has come and gone. And while it wasn’t a complete bust, it certainly didn’t meet the projections real estate professionals had hoped for.

Looking ahead to the rest of the year, housing experts are revising their early forecasts for the 2023 market to reflect a less rosy view. The question on everyone’s mind is the same: When will things go back to normal?

There’s no crystal ball to tell us what lies ahead, but here’s what industry experts predict will happen in the back half of 2023.

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