(251) 974-1288
EXIT REALTY GULF SHORES
Market Forecast 2023
Posted by
Toni Stanton
Toni Stanton
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In 2022 we saw major shifts in the market.
Home Prices: Some experts think home prices will drop next year, though the forecasted decline is higher in the new home market. Moody's Analytics expects house prices to drop by 10 percent next year due to rising housing costs and mortgage rates.
Mortgage Rates: Although there is a lot of uncertainty, some experts think that rates will dip or level out in 2023.
Economic Outlook: Fitch Ratings' most recent global economic outlook predicts a mild recession despite job growth remaining "exceptionally strong" and growing consumer spending.
The good news? A recession does not mean that a housing crisis is on its way.
If you’re considering buying or selling a home, contact us now to schedule a free consultation. We can help you assess your options and make the most of this unique real estate landscape.
🌴 EXIT Realty Gulf Shores--Home Of The Best Real Estates Agents In Baldwin County
🏡 Contact Us for All Your Real Estate Needs
📲 (251) 974-1288
We are REALTORS ® servicing the communities along the Alabama/Florida Gulf Coast for 20+ years--Gulf Shores, Orange Beach, Magnolia Springs, Fairhope, Daphne, Spanish Fort, Elberta, Lillian, Robertsdale, Summerdale, Silverhill and Bay Minette. We also serve Perdido Key and Pensacola.
As the First EXIT Realty office opened in the State, we take pride in our service to our past, current, and future clients! We specialize in Real Estate Sales including REO/Foreclosures, Luxury Homes, Gulf Front Condos, Long Term Rentals, Residential homes, and Commercial Property. Give us a call at 251-974-1288 and speak with one of our trained professionals today!
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