The housing market saw extreme volatility in 2022 due to rising interest rates and rapid price increases. This 2023, mortgage rates are predicted to rise even more before trending back down, creating difficulties for both buyers and sellers. Many homeowners, prospective sellers, and potential homebuyers are worried due to rising mortgage rates, slowing house sales, and market uncertainty.
Fewer home sales, lower prices, and higher mortgage rates are what most experts in the real estate market anticipate. Real estate values could go down, but probably not as much as they did in 2008. Home sales are expected to remain sluggish this year. For many first-time house buyers, 2023 will be a delayed dream rather than a celebration, as home costs exceed their budget and income.
Is 2023 the time to buy another real estate property, given the rising cost of housing brought about by inflation and interest hikes? And if you delay, could you be priced out of the market completely?
In this week’s episode of The Free Retiree Show, wealth manager Lee Michael Murphy shares 2023 predictions for the real estate market. Get advice on the best time to invest in housing this year.
What you’ll learn in the episode:
The Behaviors That Sabotage Investment Success
The Crypto Frontier: Exploring Future Possibilities with Linda P Jones
Understanding the Difference Between Good Debt & Bad Debt
Dealing with Difficult Co-workers & How to be the Person Everyone Enjoys at Work
Establishing a Financial Foundation to Growth Your Wealth
The Most Common Mistakes to Avoid When Buying a Home
Finding Your Why w/7-figure Amazon FBA Seller Bashar J Katou
Top Challenges Facing Retirees with New York Times Best Selling Author Lynnette Khalfani-Cox
How a Non-Linear Career Path Makes You a More Valuable Job Candidate and Employee
Three Strategies to Reduce Your 2022 Taxes
4 Strategies to Protect Your Job in an Uncertain Enviroment
Finances for New Car Purchases: What to Consider if You Want to Buy a New Car
Real Estate Market Update: What to Consider When Purchasing Real Estate in 2023
Content Creation that Gets You Noticed & Gives You New Opportunities w/Katelyn Richards
What to Expect & How to Invest in 2023
Spotting the Warning Signs of Financial Bubbles
Why Couples Separate Over Money & How to Improve Communication About Finances
The New Recruiting Scam Plaguing Job Seekers
Warren Buffett’s Top 10 Tips to Get Rich
The Future of Hiring & How to Land Competitive Job Roles w/Matty Gregg
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