Potential borrowers are concerned about the unstable stock market, a recession entering the new year, and homes no longer viable investments. The analysts at CoreLogic predict that home price increases will decelerate further into 2023 and reach 2.8% by November. According to Selma Hepp, deputy chief economist at CoreLogic, “2023 will present its own challenges, as consumers remain wary of both the housing market and the overall economic outlook.”

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