SAM RAFEH Realty GROUP

Experts Forecast a Turnaround in the Housing Market in 2023
Experts Forecast a Turnaround in the Housing Market in 2023 | MyKCM|Experts Forecast a Turnaround in the Housing Market in 2023 | MyKCM

The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.

Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pick up. All of that’s great news for the housing market this year. Here’s what experts are saying.

Cristian deRitis, Deputy Chief Economist, Moody’s Analytics:
“The current state of the housing market is that it is certainly in transition.”

Susan Wachter, Professor of Real Estate and Finance, University of Pennsylvania’s Wharton School:
“Housing is going to ease up. I think 2023 will be a turnaround year.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):
“Mortgage rates have fallen in the recent past weeks, so I’m very hopeful that the worst in home sales is probably coming to an end.”

Robert Dietz, Chief Economist and Senior Vice President, National Association of Home Builders (NAHB):
“. . . it appears a turning point for housing lies ahead. In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability.”

Bottom Line
If you’re thinking about making a move this year, a turnaround in the housing market could be exactly what you’ve been waiting for. Let’s connect to talk about the latest trends in our area.
SAM RAFEH EXP REALTY OF CALIFORNIA 805 857 3440 | 818 518 4545 |
[email protected] | http://www.bysellhomes.com

SAM RAFEH | We Care What Is Important To You !! Our business is built on bridging my clients to their dreams and goals .to provide extraordinary personal service throughout the buying and selling process .To offer my expertise and professional knowledge and to act with integrity, honesty and diligence on your behalf .

The $280 Shift in Affordability Every Homebuyer Should Know

Affordability is improving in many markets. And that resets the math on your move.

If you’ve been sitting on the sidelines, this is your cue to start looking again. Let’s run the local numbers together so you can get a rough estimate of how much more buying power you may have than you did just a few months ago.



For more info Call Or Text Me @ 805 857 3440

The $280 Shift in Affordability Every Homebuyer Should Know If you paused your plans to move because of high rates or prices, it may finally be time to take a second look at your numbers. 

New home sales just hit their highest level in more than two years, and it’s not hard to see why.

To help sell their inventory, many builders are cutting prices, buying down mortgage rates, and more. And these incentives can make a real difference when you buy.

That’s why so many people are opting for brand-new homes lately.

The bottom line? A newly built home may be more within reach than you ever thought possible.

Let’s talk about what local builders are offering in your target area and see what fits your budget.



For more info Call Or Text Me @ 805 857 3440

Here’s why the right answer is so important for you to know.

A lot people overestimate how much they really need to save for a down payment.

The most common answers? 10 or 20%.

The truth: you may be able to put down as little as 3%.

According to FirstHomeIQ, only 8 out of 100 people actually get this right.

Don’t let misinformation hold you back.

What did you guess? Drop a comment below. And if you want more information, talk to a trusted lender.



For more info Call Or Text Me @ 805 857 3440

There’s a lot to digest when it comes to understanding how mortgage rates shift and change over time, and we aren’t going to get into all of that today. But if there’s one thing to watch on where they’re likely headed, it’s the 10-year treasury yield.

Basically, the 10-year treasury yield is a widely watched benchmark for long-term interest rates. And as the yield goes up or down, mortgage rates tend to follow.

The good news is – the gap between the two is starting to narrow. And with experts saying the 10-year yield should come down going into next year, that means there’s room for mortgage rates to come down too.

I know this is a lot to keep track of. And that’s exactly why you should have an expert on your side. I’ll do the heavy lifting for you and will keep you posted as new data comes out and as rates fall further.

DM me the ideal mortgage rate you’re looking for, and when we hit that...



For more info Call Or Text Me @ 805 857 3440