The Berkshire Hathaway HomeServices 2023 Real Estate Report explores the real estate market around the globe, with expert insight and predictions for what’s likely to shape an interesting year.
There’s no denying this is a real estate market in flux. After a couple of years of unsustainable growth and frenzied activity, buyers and sellers are taking a moment to pause amid higher interest rates and slightly higher inventory. But don’t expect any freefalls anytime soon as that aforementioned inventory remains relatively tight and lenders and sellers get creative about reducing the burden of those higher interest rates.
And some of those trends that were brought on by the pandemic—people moving further from their offices, spending more time in more rural areas—are now just a regular part of life, fueling buying all around the globe. In this report, we look at what buyers and sellers can expect now, material supply issues, and dive into parts of the world showing lots of growth—from South Dakota to Spain. It also explores the most pressing industry issues-from rising mortgage rates and inventory concerns to global challenges and opportunities-plus so much more. Click the link to read the full report. Berkshire Hathaway HomeServices 2023 Real Estate Report