Real Estate Forecast Shakes up the Crystal Ball…
Points to Ponder
- Forecasts are predicting an upturn in home sales by Q4 2023. Looks like the real estate wheel of fortune might stop on ‘Buy’ soon!
- Mortgage rates are set to take a swan dive next year. Lenders are practically lining up to throw money at you!
- The slow market of 2021 and 2022 is looking to be a mere blip on the radar of roaring recovery in real estate.
- Low mortgage rates are also expected to lube up the wheels of the rental market, revamping it into a highway of high returns.
Closing The Deal
According to the swami, astrologer and everything in between, it seems that 2023 may be the year we’ve all been waiting to see in real estate. If these forecasts hold true, we’re in for quite a show at the end of 2023. Better grab some popcorn, and your checkbooks!
Interest rates are seemingly on a race to the bottom, getting ready to slide faster than kids at a water park. This gives an excellent opportunity for new buyers to enter the market and for existing homeowners to refinance. You bet, it’s going to be raining dollars!
In essence, real estate’s had its nap, and now it’s waking up all refreshed and energized for a heck of a revival. Get ready for a blockbuster!
Hot Take
Slide down those interest rates and roll out the red carpet for the heavy resurgence of the real estate market. Looks like the market’s gearing itself towards a grand finale in Q4 of 2023 that would make even Steven Spielberg jealous! From new buyers to landlords, it’s time to pop the champagne and hone those negotiation skills. It appears the real estate ‘happy hour’ is coming up faster than a rocket ship to Mars! This isn’t just any ordinary comeback; it’s starting to look like the ‘Home Alone’ sequel we’ve all been secretly waiting for. In this rendition, Kevin’s not left alone. He’s got the booming real estate market to keep him company!
Who’s ready to play Monopoly — real-life version? Let’s just say, if you’ve been dreaming about owning hotels on Park Place, this could be your clarion call. On your mark…get set…real estate!
Original article: https://www.inman.com/2023/12/19/fannie-mae-mba-economists-still-expect-mild-2024-recession/
