With the “extraordinary home price appreciation” of the last two years and “a lot of things that are unfolding before our eyes,” as Stan Longhofer put it, you can’t blame him and other economic forecasters for getting a prediction or two wrong these days. “Economic forecasters were put on this earth to make the weatherman look good,” said Longhofer, director of the Center for Real Estate at Wichita State University. Still, he and Lawrence Yun of the National Association of Realtors are going to make their forecasts for next year’s housing market at the 2023 Wichita Housing Forecast Conference on Wednesday. Yun will present his forecast on the national market via Zoom.
Source: Wichita Eagle
