Latest Real Estate News: REDFIN is calling for a real estate market slowdown in 2023. Is this any surprise that they’re just parroting the headlines of the mass media? Let’s dig deeper into the current evidence.
✅Rates are stabilizing and demand during the winter is slow. A good sign.
✅Unemployment rates are stable. Without a ton of layoffs, it’s hard to expect folks to unload houses at discounts.
✅There is a severe housing inventory shortage. It’s been going on for years now, no end in sight.
✅ As of right now the evidence is pointing to lower prices, but the bottom might be 2021 prices not 2011 prices like REDFIN is calling for.
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