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23 and me. And you.
So what does 2023 hold for us? About the only thing we know for sure is that we don’t know much for sure. We only have to go back a couple of years to the start of the pandemic to be reminded that events can play out differently than many of the experts (and even more of the non-experts) predict.
I am cautiously optimistic that this year, while slow from the standpoint sales volume, will not see significant additional price declines thanks to relatively strong employment, low inventory and low levels of distressed sales. But there is certainly a risk that the Federal Reserve may under-tighten (allowing inflation to re-ignite) or over-tighten (tipping the economy into a more than mild recession) in which case pricing may be more impacted than expected.
But no matter what happens, I do know that you can come to me for honest real estate advice when you need it (actually, you can come to me for honest advice for any kind, but on the whole my track record with real estate advice is much better than bee-keeping, home rocketry, or marital counseling).
Good luck in 2023!
