2023 Housing Market Forecast

Here’s a summary of a recent market forecast for Southern California from Chapman University.

Chapman is predicting that we will see a decrease in appreciation and median home prices this year. This presents a great opportunity for buyers and investors alike. Although prices are expected to come down, they are still well above the trend line from the past 30 years. With historical home prices having increased 404% since 1990 (a 5.2% annual return), 2023 is sure to be an interesting year for the real estate market.

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