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:
Gaining Clarity in Your Career Utilizing YouMap®️ w/Shelly Piedmont
The Four Key Attributes of High Achievers
Finding Your Fabulous at Work. How to Create More Joy w/Kyle Elliott
Overcoming Imposter Syndrome & Utilizing Metaphysics w/Jordanna Eyre
The Five Personality Traits of the World’s Most Wealthy Individuals
The Importance of Mastering Focus w/Robb Gilbear
The Art of Managing Up: Impressing Management & Workplace Advocates w/Sergio Patterson
Are We in a Buyer or Seller Real Estate Market? Should You Wait to Buy Real Estate?
Why Companies are Starting Hiring Freezes? Companies to Avoid and Purse in this Job Market
Strategies for Investing in an Inflationary Environment
Creating Career Success by Focusing on Social Impact w/OlaHawatmeh
Attaining Financial Freedom Through Real Estate with Maurice Philogene
S2 EP120: Creating a Brand that Boosts Visibility & Overcoming Limiting Beliefs with Ana Billian
How to Prepare for a Recession with Lee Michael Murphy
S2 EP118: Building a Personal Brand and How to Be Successful at Marketing with Melanie Borden
S2 EP117: How to Build and Scale a $400 Million Company with Mike Fata
S1 EP116: Great Side Hustles to Boost Your Income with Nick Loper
S1 EP115: Creating Unlimited Job Opportunities Through LinkedIn with Luke Matthews
S1 EP114: Economic Update - Investing in the Current Economic Environment with Lee Michael Murphy
S1 EP113: The Top 3 Traits That Lead to Success with Steve Werner
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