There are few issues extra important to an actual property investor than dwelling costs, mortgage charges, and hire. Fortunately, these are three topics that Redfin determined to sort out of their new 2023 housing market predictions checklist. However are these housing market projections the reality, or is the info displaying one thing else fully? We’ve obtained Dave to fly solo this episode to interrupt down these scorching housing market takes to see which might actually come true in 2023.
Welcome again to On the Market. As we wind down the yr, we’re wrapping up as many actual property predictions and forecasts as potential so we may give you, the traders, one of the best likelihood of success in 2023! And though lots of you could have requested for Dave’s crystal ball (it’s simply his head, folks), he’s introduced one thing even higher at this time to share: chilly, onerous housing market knowledge! We’ll be pinning it towards Redfin’s predictions on mortgage charges, housing costs, dwelling gross sales, rents, and building for 2023.
A few of these predictions appear much more possible than others, as the longer term stays mysteriously shrouded in prospects of a world recession or despair rocking the housing market over the subsequent yr. However let’s get to what you actually wish to know: which markets can be saved, how low charges will go, and when you may anticipate to get even higher offers on funding properties. All that (and way more) is developing, so tune in!
Word By BiggerPockets: These are opinions written by the writer and don’t essentially signify the opinions of BiggerPockets.