My five predictions for the 2023 market based on emerging trends.
See Market Forecast Document
Monster appreciation, double interest rates, and changes in the market—this year has been one of the most tremendous years of change because we saw a market cycle that defied all others. People are asking: Do I buy? Do I sell? Is it time to invest in the market? These are the things we’ll talk about today. I’m here with some current information and my predictions, based on market data, for 2023.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video.
0:00 — Introducing today’s topic
1:00 — The number of qualified buyers has decreased
1:45 — 601% appreciation from 1991 to 2021
2:15 — Median sales price increased by 14%, but inventory decreased by 20%
3:05 — 2023 prediction No. 1: Terms will still be as valuable as price
3:25 — 2023 prediction No. 2: Interest rates will increase
3:40 — 2023 prediction No. 3: There will be a housing shortage
4:25 — 2023 prediction No. 4: Prices will drop by 5% to 10%
5:00 — 2023 prediction No. 5: People will stop competing and start attracting buyers
5:50 — Wrapping up
If you have any questions, don’t hesitate to reach out to me by phone or email. I look forward to hearing from you.