Housing Market Decoded: Why 2023 mortgage rate predictions missed the mark
A year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.
November 30, 2023
Matthew Gardner
As Chief Economist for Windermere, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level.
He chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington, sits on the Urban Land Institute's Technical Assistance Panel, and is an advisory board member for the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate forecasting.
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