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2023 real estate predictions

Supreme court rules against the national association of realtors, suit could rock the industry; why are pocket listings not allowed?

  • January 23, 2023

  I’m usually skeptical that lawsuits will totally alter an industry but the recent suit against the National Association of realtors, various multiple listing services, and many large real estate brokerages could be a bombshell.  The U.S. Supreme Court on…

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30 year mortgage rates plummet, will they return to pandemic lows

  • January 9, 2023

It has been a wild ride in the treasury market.  Rates spiked to 7.5%, but recently have plummeted back to below 6%? Now they are rising again.  What does this mean for real estate sales?  Will the lower rates be…

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Commercial property prices slide 13% from peak, biggest since 08, where do prices go from here?

  • January 2, 2023

US commercial real estate prices have plunged 13% from a peak this year, the biggest drop since the global financial crisis of 2008.  What is causing the decline in commercial property prices.  Is this a blip or will the slide…

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

  • December 26, 2022

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…

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

  • December 19, 2022

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…

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

  • December 12, 2022

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…

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

  • December 5, 2022

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…

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    • Supreme court rules against the national association of realtors, suit could rock the industry; why are pocket listings not allowed?
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    • 30 year mortgage rates plummet, will they return to pandemic lows
    • Commercial property prices slide 13% from peak, biggest since 08, where do prices go from here?
    • 2023 real estate predictions: Mortgage rates come off their highs. Does a recession happen in 23?

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