04/21/2023
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📈 2023 Housing Market Insights: Must-Watch Analysis for Real Estate Success 💯
2023 Housing Market Insights!
To schedule a consult: https://calendly.com/sparkmanteam/youtube-phone-consult
What's up guys? So here we are mid-April 2023 and the market's really weird, right? So I just wanted to do a quick update and kind of educate you guys on some of the stuff that I'm learning. I call it a quick update, but it took me forever to put together this. PowerPoint presentation, uh, that I'm gonna, I'm gonna kind of breeze through and just hit you with some, some overviews on and I'm gonna hit you with my opinion.
So everything in here is strictly that it's my opinion. Uh, it's backed by factual data with sources and charts and graphs and all that kind of fun stuff. So, uh, if you know me, you know, I dork out on this kind of stuff, and if you dork out on this, you're probably gonna enjoy it. If you don't dork out on this kind of stuff, you may not enjoy it.
But, uh, you know, I'm talking to my friends across the country that are mortgage loan officers and, you know, applications are down right now. Nobody's really buying houses, and the interest rates are high and everybody's like, Hey, what's going on? Is now a good time to buy a house? Should I wait until rates come down?
Uh, what is the housing market gonna do? Are we in a bubble? Is it gonna crash? You know, these are questions that, um, you know, I talk about with my friends all the time. So here's some statistical factual data I'm gonna hit you guys with real quick. Let's, uh, now keep in mind, this is my personal insight, right?
This is not a, you know, nothing official. This is just me talking here. So, Let me hit you with my overview. Uh, overview is Q1 and Q2 of 2023 is just a really weird market, uh, as we're experiencing right now. 2023 will finish off strong. We're thinking that Q3 and Q4 is going to pick up and it's gonna be more in line with the numbers that we saw back in 2020.
And I mean numbers of people buying houses, house prices, and everything in that sort of, uh, that sort of. Interest rates will come down and, uh, these industry analysts are predicting, some people are saying as low as four and a half. Some people are saying as high as five and a half, but it's gonna be something within that range.
When will that happen? Not really quite sure. Uh, I'll talk a little bit more about that here in a minute. Housing demand is still really strong. Um, we've got some stats to prove that as well. We are having a massive shortage in inventory. People don't realize. Uh, we are still, I think, like seven months behind in inventory.
Uh, so it's, we're at inventory shortages that we haven't seen since the 1970s, believe it or not. Although rates are still high, people are slowing down, we're still having a shortage. Okay. Um, then, uh, the sl, uh, another part a point that I'm gonna make is the slightest shift in interest. Is going to lead us back to a buyer's frenzy, right?
We're gonna have people hit the market from all over the place it's gonna go, which is going to make things go back to a seller's market right? Now. Another thing you need to be aware of is millennials are about to start flooding the market, and then I'm gonna finish up with the specialist real estate professionals or somebody wanting to buy a house or somebody wanting to sell a house.
The question is, are you prepared for what's gonna. They're calling our, they're calling, they're saying that we're standing at the doorstep. Okay. We're, we're standing at the doorstep of a boom, like our industry has not seen in a long, long time. So the boom that is to come probably the beginning of next year, q1, q2, next year....
Watch the video for more details!!!
2023 Housing Market Insights!To schedule a consult: https://calendly.com/sparkmanteam/youtube-phone-consultWhat's up guys? So here we are mid-April 2023 and ...
