by Vastu Krupa Estate 
It’s no secret that the straight housing market has been through a lot of ups and downs in the past few years. After a sudden slowdown in many markets this year, some experts predict that “slow and steady” markets will be the shining stars in 2023.
So what does this mean for buyers and sellers in this straight housing market? For starters, it’s important to remember that every need is different. Some may see more activity than others, and some may experience price fluctuations. However, in general, these “slow and steady” markets are expected to provide more stability and less volatility than others.
If you’re thinking of buying or selling a home in one of these markets, it’s essential to work with a local expert who can help you navigate the market and make the best decisions for your unique situation.
Table of Contents
2023 top housing market value
1) Hartford-West Hartford, Connecticut November 2022 median home price: $372,000 2023 home sales change: +6.5%
2) El Paso, Texas, November 2022 median home price: $291,000
Forecasted 2023 home sales change: +8.9%
3) Louisville, Kentucky, November 2022 median home price: $290,000
Forecasted 2023 home sales change: +5.2%
4) Worcester, Massachusetts, November 2022 median home price: $447,000
Forecasted 2023 home sales change: +2.5%
5) Buffalo-Cheektowaga, New York, November 2022 median home price: $240,000
Forecasted 2023 home sales change: +6.3%
6) Augusta, Georgia-South Carolina, November 2022 median home price: $319,000
Forecasted 2023 home sales change: +6.2%
7) Grand Rapids-City of Wyoming, Michigan, November 2022 median home price: $358,000
Forecasted 2023 home sales change: +1.6%
8) Columbia, South Carolina, November 2022 median home price: $300,000 Forecasted 2023 home sales change: +7.7%
9) Chattanooga, Tennessee-Georgia, November 2022 median home price: $397,000
Forecasted 2023 home sales change: +2.9%
10) Chattanooga, Tennessee-Georgia, November 2022 median home price: $397,000
Forecasted 2023 home sales change: +2.9%
A lot has changed in the straight housing market over the past year.
Mortgage rates
Mortgage rates have almost doubled since the beginning of the year, and home prices are continuing to rise due to low inventory. This has made it difficult for many people to buy a home, especially first-time homebuyers. If you’re thinking of buying a home shortly, it’s important to be aware of these changes and how they might impact your ability to get a mortgage.
Straight Housing Market Predictions for 2023
Home sales in the top 10 straight housing markets are expected to grow by 5.2% year over year in 2023, according to a new report from Zillow.
The report, which was released today, looked at data from the last 10 years and found that home sales in the top 10 markets have grown by an average of 4.6% per year. The report projects that this trend will continue in the next few years, with home sales expected to grow by 5.2% in 2023.
This forecast is based on a number of factors, including population growth, job growth, and interest rates. The report notes that the growth in home sales is likely to be driven by millennials who are entering the housing market.
As many households keep a close watch on their spending, we expect these Straight housing markets to be in high demand. With interest rates remaining low, we expect this demand to continue throughout the summer months. Our advice is to list your home as soon as possible to take advantage of the current conditions.
Straight housing markets did not experience a pandemic boom
The latest data from the National Association of Realtors shows that sale prices in the 12 months ending August 2022 increased by 10.5% on a year-over-year basis. This marks the fourth consecutive year of price increases and is the highest rate of growth since 2005 for straight housing markets.
The data also shows that the number of homes sold in the 12 months ending August 2022 increased by 6.4% compared to the same period last year. This is the highest rate of growth since 2007.
The strong demand for homes, coupled with the limited supply of homes for sale, is driving up prices. According to the NAR, the median home price is now $280,600, which is up from $255,500 last year.
Midsize straight housing markets supported by the domestic industry
As we move into the next decade, we are seeing a renewed focus on domestic industry and trade. This is evidenced by the fact that the projected top markets for 2023 all have a strong focus on domestic production and consumption. This shift is due to several factors, including increasing global competition, the need for greater self-sufficiency, and the rise of protectionist policies.
This renewed focus on domestic industry and trade is sure to have a major impact on the global economy. Countries that are able to adapt and capitalize on this trend will be well-positioned for success in the coming years for straight housing markets.
On average, these midsize metros employ a higher proportion of workers in manufacturing, government, education, and health services than the United State as a whole. The table below shows the percentage of workers in each metro in these four sectors.
Manufacturing employs a higher proportion of workers in all of these metros than in the United States. as a whole. In education and health services, all of these metros employ a higher proportion of workers than the United States. as a whole. In government, only two of these metros (Akron and Dayton) employ a higher proportion of workers than the United States. as a whole.
Top deals in 2023 from the most well-known East straight housing markets
1). Hartford-West Hartford, Connecticut
– The median home price in Hartford-West Hartford is around $372,000 in November 2022.
– The Foretold home sales change in 2023: is +6.5% and for home price change is about +8.5% & the total change is +15.0%.
2). El Paso, Texas
– The median home price in El Paso is around $291,000 in November 2022.
– The Foretold home sales change in 2023: is +8.9% and for home price change is about +5.4% & the total change is +14.3%.
The median home price in Louisville is around $290,000 in November 2022.
– The Foretold home sales change in 2023: is +5.2% and for home price change is about +8.4% & the total change is +13.6%.
– The median home price in Worcester is around $447,000 in November 2022.
– The Foretold home sales change in 2023: is +2.5% and for home price change is about +10.6% & the total change is +13.1%.
5). Buffalo-Cheektowaga, New York
– The median home price in Buffalo-Cheektowaga is around $240,000 in November 2022.
– The Foretold home sales change in 2023: is +6.3% and for home price change is about +6.0% & the total change is +12.3%.
6). Augusta, Georgia-South Carolina
– The median home price in Buffalo-Cheektowaga is around $319,000 in November 2022.
– The Foretold home sales change in 2023: is +6.2% and for home price change is about +5.7% & the total change is +11.9%.
7). Grand Rapids-City of Wyoming, Michigan
– The median home price in Grand Rapids-City of Wyoming is around $358,000 in November 2022.
– The Foretold home sales change in 2023: is +1.6% and for home price change is about +10.0% & the total change is +11.6%.
The median home price in Columbia is around $300,000 in November 2022.
– The Foretold home sales change in 2023: is +7.7% and for home price change is about +3.6% & the total change is +11.3%.
9). Chattanooga, Tennessee-Georgia
The median home price in Chattanooga is around $397,000 in November 2022.
– The Foretold home sales change in 2023: is +2.9% and for home price change is about +8.2% & the total change is +11.1%.
10). Toledo, Ohio
– The median home price in Chattanooga is around $161,000 in November 2022.
– The Foretold home sales change in 2023: is +4.2% and for home price change is about +6.7% & the total change is +10.9%.
