February 2023 Market Recap

Market recap graphic: “In times of uncertainty, people follow the certain,” over recession and market-drop headlines.

Real Estate is a risk which comes with uncertainties.

Gold percent sign with a question mark in a white circle

News headlines report U.S. mortgage rates nearing and exceeding 7 percent.

Chart of Freddie Mac 30-year mortgage rates, with orange bars and an arrow highlighting a rise to 6.7%.

Mortgage rate recap with September 2022 rates for 30-year, 15-year, and adjustable mortgages.

Quote from Odeta Kushi on Federal Reserve tightening curbing demand and slowing housing market growth.

What’s Ahead for Home Prices?

Chart: active listings rose 26.9% year over year, while showings fell 12.2%.

Bar chart forecasts appreciation in 618 MSAs and depreciation in 257, with 258 forecast for 1–3% appreciation.

Area chart showing median asking rent rising from $340 in 1988 to $1,310 in 2022 Q2.

Infographic listing six benefits of homeownership.

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