2023 Real Estate Prediction: Home Sales will Fall to their Lowest Level Since 2011

According to Redfin, home sales will fall to their lowest level since 2011. Some of the factors that they believe will cause this are high mortgage rates, high home prices and inflation. They expect about 16% fewer existing home sales in 2023 than 2022, totaling 4.3 million. This is 30% less than the 2021 housing boom. 

sale pending sold sign

To be honest, this isn’t something I fully agree with. There are still plenty of deals out there and investors will invest in any market. Real Estate is a numbers game at the end of the day. For example, if you want to buy and hold, you need to make sure you can reach your desired cash flow numbers. If you can do this with the current interest rates and prices, then you have a deal. 

There are tons of creative ways to finance properties that can mitigate some of the market conditions such as seller financing or subject-to. You can learn more about those strategies and more on episode 141 with Jamel Gibbs. You can watch on Youtube and you can listen on Apple Podcasts or Spotify.


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