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...
Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

The swiftness of the changes in the real estate market are astonishing, yet not unexpected.  I predicted last year mortgage rates would top 5% and they already have come close.  This has led to a 60% drop in refinances and a sharp reduction in sales.  What do these...