HPA

By Scott Kimbler Watch for housing sales in 2023 to follow the same pattern from a decade ago. That’s the prediction of Ed Pinto, Director of the American Enterprise Institute’s Housing Center, during a recent data review. He and Assistant Director Tobias Peter used information from the final months of 2022 and into the first quarter of 2023 to preview the remainder of 2023 and perhaps even into 2024, given current market trends. Pinto pointed out that Agency Purchase Volume for the final month of 2022 was down 45 percent from the same month in 2021 and 51 percent down from the same month in 2020. “Based on Optimal Blue date,” Pinto said. “We expect purchase volume in early 2023…