This year will see many increases in interest rates. Inflation continues to be rampant, which will force the regular consumer to use some, if not all, the cash stashed during the pandemic times. Inflation is probably here to stay for a while. It is the result of the cash placed on the market during the pandemic and a way for the Fed to “cool off” the economy.

On the other hand, builders have ramped up activities. It is a known fact that house inventories are short, and that we have a large generation coming to age of settling and reproducing. So at this point, building seems to be a sensitive approach.

However, there a some questions that remain unsolved: home prices have increased significantly, salaries have not and things are more expensive. Are these first time home buyers going to be able to afford the American Dream of home ownership? And as more capital investment companies enter the now-very-lucrative real estate market, who is really going to buy those expensive houses? Increases in interest rates always result on a decrease of purchase power for some part of the population.

Are we going to become a country of renters, instead of home owners? This remains to be seen. 2023 will probably be very indicative of a curve that is going to flatten, if not start declining.

If you or someone you know is interested (or in need) to sell, we hope you give us the opportunity to serve you. We strive to resolve complex needs and put money in your pocket, in good faith.