Housing economist: Market will stabilize as the year goes on

FORT COLLINS — Homesellers will see increasing prices in 2023, but they may have to wait until later in the year and they may have to be patient as prices return slowly toward their peaks of mid-2022.

So said Windermere Real Estate Services Co. chief economist Matthew Gardner at the annual real estate and economic forecast event that the Northern Colorado branch of the company, based in Fort Collins, hosted Wednesday night. Gardner is based in Seattle; Windermere operates in 10 western states.

The reasons for today’s conditions:

• The Federal Reserve started too late, Gardner said, to tame inflation. The multiple, large target…