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:
Important Work Places Trends for 2023 w/Sergio Patterson
Steps to Become a Successful Investor in 2023
The Most Common Ways People Go Broke and Prevent Financial Progress
2008 Financial Crisis vs 2022 Economic Downturn: Understanding the Similarities and Differences
The Art of Career Cushioning: How to Obtain More Job Opportunities and Job Security w/Sergio Patterson
The Importance of having a Positive Perception on Wealth w/Ron Malhotra
Why People Fail to Achieve their Goals w/Michael Mints
Proactive Career Moves to Overcome Layoffs & Job Loss w/Sergio Patterson
Avoiding Crypto and Financial Scams w/ Erica Standford
Eliminate Student Debt & Understanding the New Debt Forgiveness Ruling
The Secrets to Becoming a High Achiever w/Dr. Ruth Gotian
LinkedIn Profiles that Create Valuable Connections & Unlimited Opportunities w/Sergio Patterson
The Economic Outlook and Investment Strategies for 2023
The Secrets to Success in Venture Capital and Jumpstarting Your Career w/Grace Gong
How to Find Job Opportunities During an Economic Slow Down
Tips to Survive & Thrive in a Recession
Is the Economy Crashing? When Will the Real Estate and Stock Market Recover?
Become a Top Canidate by Utilizing the 5 Cs of Interviewing w/Sergio Patterson
What to Consider Before Getting Financial Advice on Social Media
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