High US mortgage rates will deter would-be homebuyers in 2023

Mortgage rates will be key in 2023, with high rates likely to make it the slowest U.S. housing-market year since 2011, according to  Redfin, the technology-powered real estate brokerage. Redfin’s forecasts for mortgage rates, home sales and home-sale prices account for a range of outcomes for inflation, employment and other macroeconomic factors. As such, predictions for those key housing metrics lead with