2023 Land Market Prediction
Despite the uncertainty surrounding the housing market in 2023, there are some experts who believe that the land market will remain strong.  Yun predicts that the land market will remain strong in 2023, despite a 6.8% decrease in home sales compared to 2022.  McBride also believes that the land market will remain strong, with demand continuing to be lukewarm and limited inventory available.  Home prices are just now beginning to slowly decline, and economists predict that the land market in 2023 will remain steady, with mortgage rates potentially continuing to decline. This could help to sustain the land market in the coming year, allowing it to remain strong and continue to provide opportunities for investment.
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