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Dave Nimick: 2023 Real Estate Predictions - What NOT to Believe
Manage episode 373252280 series 3499311
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In this episode, Dave discusses:
- What to believe and what not to believe in the rumors of the 2023 housing market.
- Concerns and realities about interest rates.
- Why 2020 and 2021 were an anomaly, and a realistic look at 2022.
Key Takeaways:
- There are more differences than similarities between the current housing situation and the housing crisis of 2008.
- While the current interest rates have climbed markedly this year, they are still well below the historical average interest rate.
- On the whole, we will likely have a fairly balanced market going into the next year, though this can vary depending on your area.
- In essentially all areas, homes have risen in their appreciated value over the last 3 years. Certain areas have risen far above normal.
"You don't know exactly where the market is going to go, nor can you control it. Looking at real estate through a long-term perspective provides a much better understanding than any one snapshot moment in time." — Dave Nimick
Connect with Dave Nimick:
Website: https://thenimickteam.com/
Email: [email protected]
YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos
LinkedIn: https://www.linkedin.com/in/davenimick/
Facebook: https://www.facebook.com/thenimickteam
Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty
Show notes by Podcastologist: Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
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