Real Estate Market Predictions 2023 | Milana Real Estate

I'm real estate expert Milana Ostroy, and now I'm sharing with you real estate market predictions for 2023. So if you're contemplating renovating, investing in, buying, or selling real estate, this video is for you. While there's no way to predict with certainty, here are the trends I predict we will see in the Bay Area in 2023. Click below to learn more: http://www.milanaostroy.com/

Will home prices drop in 2023? 2023 will feel like a major setback, but in reality, it's the rate of appreciation that will decrease from the over 20 percent that we saw last year down to two to three percent rather than a real estate market crash.

The real estate market in the Bay Area in 2023 is forecast to have a slower rate of home price growth, with mortgage rates expected to decrease gradually and real estate crash. The number of transactions is expected to remain low, but there may be an increase in real estate investing compared to the previous year.

The market is predicted to be less competitive and slower-paced, with a longer time for properties to sell. Real estate investors are expected to acquire a large number of properties, and there will be high demand for the multi-generational housing market due to California's housing affordability issue.

Overall, 2023 is expected to be a good year for sellers and investors, with a longer sales cycle and opportunities for better deals and negotiation power for home buyers. If you can focus on properties, you can add "ADU" to call me. Let's talk about real estate strategies and how to achieve your real estate goals in 2023, whether you're selling, buying, or investing in the Bay Area housing market.

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00:00 Intro (Real Estate Market Predictions 2023)
00:16 Trend Number #1
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05:47 Outro

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