NAR Economist: Housing Market Outlook and Opportunities for RecoveRE Holdings

As the real estate market evolves, the predictions from the National Association of Realtors (NAR) offer valuable insights into the future trends. For RecoveRE Holdings, a National Real Estate Home Buying Company, understanding the housing landscape is crucial for making informed decisions. Let’s delve into the NAR economist’s forecast and explore the opportunities it presents for RecoveRE Holdings.

Existing-Home Sales Projections:

NAR anticipates a shift in existing-home sales over the next two years. In 2023, there’s a projected decline of 12.9% compared to the previous year, followed by a substantial rebound of 15.5% in 2024. While the immediate outlook may seem challenging, the expected surge in 2024 offers a promising opportunity for RecoveRE Holdings to explore potential acquisitions.

Key Point: Existing-home sales to dip in 2023, but a robust 2024 recovery predicted.

Price Trends and Regional Variations:

National median existing-home prices are projected to remain relatively steady in 2023, with a minor decline of 0.4% compared to 2022, reaching $384,900. However, the market is expected to rebound in 2024, with prices rising by 2.6% to $395,000. Notably, the West may experience more significant price reductions, while more affordable regions like the Midwest could see moderate increases. This regional variation could guide RecoveRE Holdings’ market focus.

Key Point: Expecting stable prices in 2023, followed by a moderate rebound in 2024. Regional markets may differ.

Opportunities in New-Home Sales:

Newly constructed homes are projected to be a bright spot in the housing market. With increased demand for greater inventory options, NAR predicts a 12.3% rise in new-home sales in 2023, followed by another 13.9% surge in 2024. The national median new-home price is expected to fall by 1.9% in 2023, presenting an excellent opportunity for buyers. In 2024, prices are set to rise by 4.2% to $468,000, making early investments in new homes potentially lucrative for RecoveRE Holdings.

Key Point: New-home sales on the rise, offering inventory options and potential profit opportunities.

Housing Construction Outlook:

The demand for new homes to offset supply deficits has been a topic of discussion. However, NAR’s forecast predicts a 5.2% decline in housing starts in 2023 (1.47 million) compared to 2022. The following year, 2024, shows signs of improvement, with housing starts expected to increase by 5.4% to 1.55 million. Monitoring this trend will help RecoveRE Holdings strategize their investment approach.

Key Point: Housing starts to drop in 2023 but expected to recover in 2024.


As RecoveRE Holdings continues its pursuit of buying unwanted or problem properties, the NAR economist’s forecast offers valuable insights into the housing market’s future trajectory. While challenges may arise in the short term, the projected rebound in existing-home sales and opportunities in new-home sales present exciting possibilities. By staying informed and adaptable, RecoveRE Holdings can make well-informed decisions to further its success in the ever-changing real estate landscape.

The RecoveRE Holdings US Home Buyer Team – Your Solution for Unwanted Properties. Get a Fair CASH Offer Today! #RecoveREHoldings #RealEstate #HomeBuyer #HousingMarket

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