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.1And 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 Continue Reading about 2023 Real Estate Market Outlook (And What It Means for You)
![🚨 Is the real estate market heading for a crash? 🚨
Experts say no.
Talk of recession has led some Americans to fear a housing crash like we saw in 2008. But many economists say that outcome is unlikely.
In 2023, housing inventory remains low compared to demand, unlike in 2008 when we had a housing surplus. Plus, lending reform has significantly reduced the likelihood of defaults.
While market uncertainty is always nerve-wracking, real estate remains a solid long-term investment—and slower markets are often the best time to get a good deal on a home.
Want to know more about where the U.S. real estate market is headed in 2023? Check out our latest blog post!
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