Experts predict that the market will continue to see steady growth in the coming years. Some potential factors that could affect the market in 2023 include:
- Interest rates: If interest rates remain low, it could continue to make buying a home more affordable for potential buyers.
- Demographic changes: The aging of the baby boomer generation and the increasing number of millennials entering the housing market could impact demand for certain types of homes.
- Technology: The use of technology in real estate transactions, such as virtual home tours, could make it easier for buyers to view and purchase homes remotely.
- Economic conditions: A strong economy could lead to more people looking to buy homes, while a recession could lead to a slowdown in the market.
Overall, it is important to keep an eye on these and other factors that could impact the real estate market in 2023 to make informed decisions about buying or selling a home.
It may be time to strategize what your goals might be this next year. We’re here to help.