Twin Cities, U.S. home prices expected to rise at a slowed pace in 2023, Realtor.com says


While home prices may be slowing, they are not anticipated to go down in the new year, a recently released annual forecast reports.

Homebuying activity has continued to cool in the Twin Cities and across the country, largely in response to increased mortgage rates. But while those rates and inflation increases have buyers seeking more affordable homes, they will be met with a market that will still see increasing prices in 2023, according to a report released Wednesday by Realtor.com, which examined…

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