Posts from January 2023
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2025 | 1 Posts
- 2024 | 2 Posts
- 2023 | 5 Posts
- 2022 | 28 Posts
- 2020 | 4 Posts
- 2019 | 10 Posts
- 2018 | 7 Posts
- 2017 | 1 Posts
- 2016 | 6 Posts
4
2023 Real Estate Market Outlook (And What It Means for You)
Last year, one factor drove the real estate market more than any other: rising mortgage rates.
In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.
Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.
So what can we expect in 2023? Will mortgage rates continue...