Looking to invest in the next real estate market? Then you'll want to check out our latest 2023 housing market predictions. In this video, we'll take a look at what to expect from the market in the next year or so, and give you a broad overview of the trends that will be driving the market in the coming years.

If you're interested in buying or selling real estate in the near future, then be sure to check out our predictions. We'll give you an overview of the current market conditions, as well as an outlook for the next year or two. After watching this video, you'll have everything you need to make an informed investment in the next real estate market!

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What is happening in the real estate market in 2023? Let's discuss what the experts are saying...

According to Moody's Analytics' housing data, "home prices will rise 0% in (2023), a significant decrease from the 19.7 percent price growth experienced by the housing market in the previous year."

Economists and housing experts polled by ‪@Zillow‬ predict, "the U.S. housing market will shift in favor of home buyers by the end of 2023."

‪@redfin‬ economists foresee home prices flattening or rising modestly by next spring.

One thing we know for sure is that the record-setting jump in mortgage rates has no historical precedent, so we are in uncharted waters! Inventory is remaining low because anyone who already owns a house wants to keep their 3% mortgage rate, so they don't want to sell..

So what does this mean going forward? Especially for the market in California...

Homes are taking longer to sell, and buyers are starting to gain some much-needed bargaining power.

The most recent Case-Shiller Home Price Index report, published last month, showed a slight month-to-month decline in the San Francisco, Los Angeles and San Diego metro areas. But even within those metro areas, you could zoom in even further and see that prices are rising in some areas, while falling in others. As always, real estate is a LOCAL matter, and conditions can vary greatly from one city to the next.

Our best advice is to not get caught up in the fear. Opportunities remain and real estate represents more than just a "sales transaction." It's housing security. It's creating a home. It's building wealth in a long term investment.

The California real estate market remains a solid investment for buyers. Historically speaking, properties tend to hold their value well over the long run.

When you combine that with the buyer-friendly conditions mentioned above, it could make 2023 a very good time to buy a house in California. And if you are thinking of selling there are opportunities and ways to present your home to attract all the buyers that are looking.

It's always worth a conversation about your individual situation and needs to determine if 2023 is a good time for YOU to buy or sell a primary residence or investment property. We're always here for that conversation! Reach out, let's talk!

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