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Housing market forecasts for 2023 have varied predictions, with some expecting gains of around 5% to others expecting a deterioration of over 5%. What is clear is that the era of low mortgage rates, buying frenzy, and double-digit price growths is over.
It was one of the fastest growing markets in 2021 and is now expected to be one of the worst performers in 2023.
Home prices in Boise, Idaho rose rapidly after the pandemic hit, climbing 38.6% y-o-y from Q2 2020 to Q2 2021.
The rise and fall of the Boise housing market Read More »
The Q3 2022 VeroFORECAST anticipates home prices will appreciate on average just 1.5% for the next twelve months. This is a significant drop from the 4.5% annual appreciation forecast just one quarter ago.
