2023 real estate predictions: Where markets could FALL

Real estate experts have warned homebuyers to avoid Sun Belt states where prices could fall and instead focus on the Midwest and Northeast.

With mortgage rates remaining persistently high at 6.7 percent and, Redfin chief economist Daryl Fairweather said the hot markets in Austin, Phoenix and would likely see prices fall in 2023.

'If you want to avoid a situation where you buy a home, and then it goes down in value over the next couple of months, I would avoid the Sun Belt,' Fairweather told .

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