TRAPPED in a prolonged freeze? Arizona Real Estate Market Update 2023

The U.S. housing market may be stuck in a prolonged freeze.

Fannie Mae economists projected in a revised forecast that stagnation in the housing market could last into 2024, whether the economy avoids a recession or not.

"Regardless of whether a soft landing is achieved over the coming year, we expect existing home sales to stay subdued and within a tight range," they wrote.
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