2023 Real Estate Forecasts - The Providence Group

December 2022 Newsletter

Greetings!

We hope December finds you enjoying all the warmth and joy of the holiday season! In this month’s newsletter topics include:

National & Local Real Estate Forecasts for 2023: Reliable sources from different segments of the real estate industry weigh in
Holiday Traditions: Christmas, Hanukkah, Kwanzaa, and other celebrations around the world
Holiday Libations: Cocktails, Mocktails, Hot Chocolate, and a bit of the “hair of the dog” for New Years Day
Atlanta Celebrations: Holiday lights, menorah lightings, gift ideas, Chinese restaurants, First Day Hikes 2023, and more

We hope that you find ideas that inspire you and add to a meaningful and peaceful holiday season. Many thanks for your friendship, support, and kindness this past year.

The Providence Group

P.S. Is Christmas complete without Oprah’s Favorite Things? We think not! And we love the fact that they focused on small businesses this year.

National and Local Real Estate Forecasts for 2023

Housing Experts, Polls, and Opinions

“Will house prices go down in 2023? Depending on who you ask, the forecast for 2023 is mixed. Most experts in the housing industry predict less buyer demand, lower prices, and higher borrowing rates. Rate increases, along with a shortage of availability, have pushed many purchasers to the sidelines. Home prices may fall slightly, but not drastically as they did in 2008. Some believe that the housing market will continue to outperform compared to the pre-pandemic.”

“Metro Atlanta’s housing market has witnessed three turbulent years. But there was consensus about the area most poised for growth in the next year.”

“We polled eight industry insiders for their 2023 mortgage rate predictions and answers varied widely, from just 5% to over 9% for the 30-year fixed rate.”