2023 real estate predictions: Mortgage rates come off their highs. Does a recession happen in 23?

2023 real estate predictions: Mortgage rates come off their highs. Does a recession happen in 23?

I hope everyone is having a happy holiday season.  Before getting into my predictions for next year, there are three crucial factors to discuss that will shape the real estate market in 2023 and beyond: Interest rates, inflation, and consumer sentiment. All three are...
4 big changes to real estate in 2023.  Where will the opportunities be?

4 big changes to real estate in 2023.  Where will the opportunities be?

There is definitely allot of doom and gloom heading into 23 with interest rates double their lows, inventory increasing, and prices coming off their highs. In every cycle there will be winners and losers. Where will the real estate opportunities be? Are their certain...
National Association of Realtors predicts rising prices in 2023; fed predicts drop

National Association of Realtors predicts rising prices in 2023; fed predicts drop

In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update.  On the flip side the most recent federal reserve economic commentary classifies the current...
Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Since Covid it seems like traditional patterns have been broken.  I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now?  Is a bear walking around in the snow a sign (zoom in...
What happens to nightly rentals as real estate market turns

What happens to nightly rentals as real estate market turns

We are in a new paradigm for real estate.  With talks of a recession getting louder, what does this mean for real estate.  In 2008/9 real estate was radically different than today.  Companies like VRBO and Airbnb were not even around.  How will the next recession be...