Summary of the Great Estate: 2023 Real Estate Recap and 2024 Predictions
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The Real Estate Rollercoaster of 2023
2023 was a ride worthy of an amusement park, and not just because of that crazy guy in Florida building a house that looks like a rollercoaster. Record highs, record lows, a pandemic, aliens…okay maybe not aliens, but it sure felt that way.
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Key Players Show No Sign of Slowing Down
The big dogs in real estate, like the ever-ambitious Zillow and all-too-familiar Berkshire Hathaway, are baring their teeth. They’ve claimed their territories and it doesn’t look like they’re ready to go back in their kennels anytime soon.
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Trends That Will Continue to Shape the Market in 2024
We saw some significant trends shaping the market in 2023, like the demand for eco-friendly homes and virtual house tours. Will they continue to dominate the real estate landscape in 2024, or are we going to see a return to open houses with terrible coffee and stale cookies?
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2024 Predictions in the Crystal Ball
Not that I have a crystal ball, but if I did, it would probably be showing a mix of some new, unfamiliar elements, coupled with the predictability of market cycles. The future is still as clear as an unwashed window after a sandstorm, but I’ve wiped it clean to give you my best predictions.
The Hot Take
Look. 2023 was like a surprise house inspection from your snoopy aunt—full of surprises, both pleasant and unwelcome. But now that we’ve weathered that storm (and literally some storms in the real estate market), let’s pack our bags and get ready to sail into 2024.
Based on our journey through 2023, the upcoming year is going to be a rollercoaster ride (a literal one, if you happen to be in Florida). So buckle up folks, it’s time to chug down that not-so-great coffee and binge on the cookies—stale or otherwise. After all, it’s what keeps us motivated on this wild ride in the world of real estate.
Can I hear a “Woof” for our top dogs, Zillow and Berkshire Hathaway?
I sure hope to not see them in the pound this year. That said, our eco-friendly homes aren’t getting any less green and virtual house tours aren’t packing their bags just yet, so let’s embrace these trends as we dip our toes into the booming market of 2024.
And while we’re at it, let’s also hope that the forecasted trends make our 2024 endeavors as exciting as a ride on a unicorn in a theme park…but hopefully not as fictitious.
So, whether you’re a real estate mogul property manager, or a newbie investor circling a property ad in the local newspaper, raise your coffee cups and make a toast to embracing the excitement, uncertainty, and opportunity of 2024. Happy New Year, real estate folks! Let’s get ready to rumble!
Original article: https://www.inman.com/2023/12/19/how-are-you-ending-2023-on-a-high-note-pulse/
