155 - A Crash or Correction? Let’s Look at 2023 Housing Market Predictions
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 19 January 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
Headlines are saying that this will be the year of the housing market crash. But are they saying that because it’s true, or just because they want you to read their content?
In the first part of his multi-episode series, David Sidoni analyzes data and reports from industry experts to give you the real scoop on what 2023 holds for home buyers. Taking a look at rent, mortgage rates, home sales, prices and more, David bypasses the pessimism of the newspapers to tell you the truth: this year, the market will be getting back to normal instead of spiraling toward disaster.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Resources Mentioned:
https://www.bankrate.com/real-estate/housing-market-predictions-2023/
https://www.inman.com/2022/12/28/the-2023-housing-market-a-real-estate-reckoning-is-at-hand/
Transcript
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| 0:00.0 | So you want to know what's going to happen to the housing market in 2023. |
| 0:08.2 | Ha, me too. |
| 0:10.2 | So does everybody? |
| 0:11.6 | So that's why I did all the research for the past few months. |
| 0:14.3 | And I dug deep into this data. |
| 0:16.3 | And I read everything from everybody so you don't have to. |
| 0:20.8 | Strap in, gang, it's forecasting time. Okay. read everything from everybody so you don't have to. |
| 0:23.9 | Strap in, gang, it's forecasting time. What is up, my to Buy a Homies? |
| 0:42.1 | Welcome back to you longtime homies and hello to any new listeners out there. |
| 0:46.6 | It's good to be back in full swing. |
| 0:48.4 | I'm glad to have you. |
| 0:49.6 | I did take a little bit of break at the end of 2022 because I knew I was going to have to gear up |
| 0:54.8 | to bring you all this crucial information for 2023. Now, if you are new, you don't know this. |
| 1:00.9 | I've been doing this since 2019. And pretty much every time we do one of these forecaster |
| 1:06.0 | predictions, I talk to first-time home buyers about everything that they need to know so they |
| 1:09.7 | understand where the market's going to be going based on data, not just crazy fear. And fortunately, I must say |
| 1:17.7 | that so far, the information that I've been giving to you has been pretty spot on. Now, again, |
| 1:23.5 | I'm no genius. I just research everything I can, find all the data, look all the way back in history, |
| 1:30.3 | but then compare that to the present. So I'm still saying that I think that 2023, based on |
| 1:38.2 | everything I've seen, is going to be the definitive year of the first-time home buyers. |
| 1:43.0 | But as always, I had to double-check my work and find out what other people think. |
| 1:47.6 | So the information today comes to you for me and my little brain, as well as mostly from |
... |
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