Real Estate Market Predictions for 2023

We have officially made it to the first month of 2023. First and foremost, all real estate is “local” in nature and my predictions are based on our area. One important factor to keep an eye on…what will happen in the broader economy. Will inflation slow? Will there be a recession? Or will the Federal Reserve deliver a so-called “soft landing”? All of these factors can have a major effect on the real estate market nationally and locally. Here are my predictions:

  1. Interest rates will decrease some
  2. Cash offers will remain strong 
  3. Foreclosures will be historically low
  4. Inventory will increase at a slow pace
  5. Demand for housing will continue to outpace supply

If you ever have any real estate needs please don’t hesitate to reach out. I’m always happy to help you through the process. Can’t wait to see what the next year brings for real estate!



January Newsletter

It is officially January and the start to a new month and new year!

In the January issue of our newsletter you will find events this month, featured listings, new market predictions for 2023, and how to follow us on social media.

Click the attachment to check it out!

Please don’t hesitate to reach out with any of your real estate needs.

January Newsletter

December Newsletter

It is officially December and the last month of the year!

In the December issue of our newsletter you will find festive events this month, featured listings, how accurate our market predictions for 2022 turned out to be, and how to follow us on social media.

Click the attachment to check it out!

Please don’t hesitate to reach out with any of your real estate needs.

December Newsletter

Wire Scam

Wire scam is something you may have heard of before. You may have even found yourself wondering how it happens. Well, I’m here to let you know that wire scam is still a thing because it still works. Here is what sometimes takes place:

Homebuyers keep losing deposits and even homes under contract because hackers jump in at the last minute and email them false wiring instructions.

Under the scam, a criminal gains access to emails from a trusted partner in a home buying transaction, such as a title company, lawyer or construction firm. They monitor back-and-forth communications until it’s time to make a deposit or send a final amount to close on the home. Since the hackers have access to a transaction firm’s email system, the buyer receives an email that actually came from the trusted business they’ve been working with. In these cases, scammers may monitor correspondence about specific transactions for months before swooping in to send fake wiring instructions.

When the scam email arrives, it appears legitimate. However, it typically contains a slight variances in the links if the buyer chooses to respond via “reply,” such as a return email address that has a “1” somewhere in the middle where an “i” usually appears.

The results can cost buyers tens or hundreds of thousands of dollars.

You may think it sounds crazy (how could someone make that mistake) yet there are 2,300 complaints of cybercrime a day.

It is important to be cautious during every step of a real estate transaction. As a realtor/broker, I always make sure to help my clients through the process.

November Newsletter

It is already November and the start to a new month!

In the November issue of our newsletter you will find events this month, featured listings,  how accurate our market predictions for 2022 turned out to be, and learn how to follow us on social media. 

Click the attachment to check it out!

Please don’t hesitate to reach out with any of your real estate needs.

November Newsletter

Our Local Market

There has been a lot of talk lately about the real estate market. Is it crashing? Is it booming? Is it a buyers or sellers market? Are prices going up or down? National news keeps giving their opinions to these questions. Well here is mine!

Don’t listen to or believe the national news! Every market is different. Real estate is local to each market and Florida is unique from all other states. Local real estate is still strong for our area!

I just closed on three deals last week and their list to sell ratios were 93.3%, 98.3% and 100%. Price it right and it will sell.

Three key indicators of a real estate market are: Active inventory, median sales price, and median time to sale. We can see that as inventory goes down, median sale price starts to increase. It’s a simple display of supply and demand – the less there is of something, the more expensive it will be. However, things may be starting to shift. After bottoming out in February 2022, active inventory has increased each month. While the median sale prices are still high, the pace of growth has started to slow, perhaps an indication that more inventory is lessening the competition among buyers who can put more reasonable deals together. Then you have to consider how long deals are taking to go from list to closed. The faster this pace, the “frothier” the market.

No two parts of Florida are the same (let alone different states) and neither are their real estate markets. Having a realtor that understands the local market is so important. If you ever have any questions I would be more than happy to help!

Go to https://www.floridarealtors.org/news-media/news-articles/2022/09/using-sunstats-changing-market to see more statistics for Florida.

October Newsletter

It is officially October and the start to a new month!

In the October issue of our newsletter you will find events this month, featured listings, market predictions for 2022, and how to follow us on social media.

Click the attachment to check it out!

Please don’t hesitate to reach out with any of your real estate needs.

October Newsletter

Hurricane Preparedness

Hurricane Ian is heading our way… Are you prepared? Let’s go over a few tips that can make a huge difference!

  • Put Things That Are Outside Away

A good rule to remember: if you can easily pick it up, put it away. Items that can be easily lifted should either be secured down or picked up and safely put away. This would include outside furniture, children’s toys, potted plants, and yard signs. By doing this you’ll be making sure that these items won’t potentially be picked up by the wind and possibly cause damage.

  • Clean Up Your Trees

Go outside and take a look at your trees. Do any of them have branches that could be trimmed? Are some branches growing over your house? Clean them up to make sure they don’t end up coming through a window or falling onto your house.

  • Take Photos Of Your Home

If your home ends up withstanding damage, you’ll have to file a claim with your insurance. Having photos of your home (pre-storm) will help cover your bases in case your insurance company tries to question how/when the damage happened.

  • Gather An Appropriate Amount Of Supplies

In case your power goes out or you end up stuck in your home for whatever reason possible think of what you would really need to get by. You should have food that doesn’t need electricity to be made, water, batteries, charcoal/gas to grill out, medications and medical supplies on hand. Have gas in your car in case an evacuation is necessary. Charge your phone, so you’re able to keep in touch with loved ones and get updates on the storm. Only worry about gathering things you really need.

  • Help Others

Call your friends and family to make sure they are prepared. Lend a helping hand to your neighbor who is outside prepping their house for potential damage. Take supplies over to the person you know wasn’t able to get out on their own to get some before it was all gone. Be a good person in someone else’s life during these stressful times.

August Newsletter

It is officially August and the start to a new month!

In the August issue of our newsletter you will find events this month, featured listings, market predictions for 2022, and how to follow us on social media.

Click the attachment to check it out!

Please don’t hesitate to reach out with any of your real estate needs.

August Newsletter

Potential for Foreclosures?

I am getting a lot of people asking when the next foreclosure crash is going to happen.

Attom’s Midyear 2022 U.S. Foreclosure Market Report found that 164,581 U.S. properties had foreclosure filings, which includes default notices, scheduled auctions or bank repossessions.

The number includes the first six months of 2022 and is 153% higher year-to-year, but the figures are skewed by numbers generated during the pandemic when government orders slowed the process.

Foreclosure activity across the United States continued its slow, steady climb back to pre-pandemic levels in the first half of 2022,” said Rick Sharga, executive vice president of market intelligence at ATTOM. “While overall foreclosure activity is still running significantly below historic averages, the dramatic increase in foreclosure starts suggests that we may be back to normal levels by sometime in early 2023.”

I really do not think we are going to see a spike in foreclosures anytime soon, especially in Florida. There is definitely an evening out after the pandemic, yet it won’t be anything drastic. We are seeing a market adjustment, but with the past super low interest rates being 3-4%, I do not think people will stop paying for their mortgages. The asterisk with this is the economy, inflation and the potential for recession. Those are factors that could affect the housing market. With strong jobs and cheaper mortgages, I do not see the foreclosure market changing anytime soon in our beautiful state of Florida.

For more information, go to this article: https://www.floridarealtors.org/news-media/news-articles/2022/07/foreclosures-closing-pre-pandemic-normal