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:
S1 EP112: Aligning Your Values & Goals to Design Your Dream Life with Kimberly Spencer
S1 EP111: Standing Out and Building Your Brand in 2022 with Jay Jay
S1 EP110: Landing Your Dream Job as a Nontraditional Candidate with Anthony Mays
S1 EP109: The 6 Components to Becoming an Elite Leader with Julie Hruska
S1 EP108: Overcoming the Mental & Emotional Pain Holding You Back to Become an Elite Performer with Corrie LoGiudice
S1 EP107: Starting Your Side Hustle and Turning It Into a Multi-Million Dollar Business with Hannah Pobar
S1 EP106: How to Save More Time and Get More Done With AI Automation with Thomas Helfrich
S1 EP105: How to Manage Behavior & Make Better Investment Decisions with Dr. Ryan Peckham
S1 EP104: Leaving Corporate America to Pursue Your Passion with Maria Brito
S1 EP103: The 7 Types of Bad Investors with Lee Michael Murphy
S1 EP102: How to Handle a Bear Market with Lee Michael Murphy
S1 EP101: How to Become an Effective Leader and Creating a Culture With More Creativity with Jean Marie di Giovanna
S1 EP100: Scams to Watch Out For in 2022 with Lee Michael Murphy
S1 EPS99: Best Assets to Build Wealth & Evaluate Financial Progress with Lee Michael Murphy
S1 EP98: Achieving Personal, Financial, and Career Goals in 2022
S1 EP97: The Truth Behind Stock Picking & How to Invest like Warren Buffet with Larry Swedroe
S1 EP96: Financial Perspectives That Will Make You Poor with Lee Michael Murphy
S1 EP95: Understanding the Pros and Cons of Annuities & The Importance of Working with a Fiduciary with David Blanchett
S1 EP94: Understanding the Impact of Inflation and How to Combat It with Lee Michael Murphy
S1 EP93: Keys to Becoming a Top Performer & Building Your Online Business with Marcus Chan
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast