S2E99 Brian Buffini's Bold Predictions: 2023 Real Estate Market Update
The Brian Buffini Show
Brian Buffini
4.8 • 2.4K Ratings
🗓️ 13 December 2022
⏱️ 61 minutes
🧾️ Download transcript
Summary
For many years, Brian has predicted real estate trends and developments with astounding accuracy. In his 15th annual Bold Predictions broadcast, he interviews NAR Chief Economist Dr. Lawrence Yun for a market update. He also forecasts what’s ahead for next year and shares what real estate professionals need to do in order to win.
YOU WILL LEARN:
- Factors affecting the market right now.
- How real estate agents, buyers and sellers are being impacted.
- Three opportunities to take advantage of in 2023 to succeed.
MENTIONED IN THIS EPISODE:
The National Association of REALTORS®
buffiniandcompany.com/2023resources
S2E94, The One Decision That Makes a Millionaire
NOTEWORTHY QUOTES FROM THIS EPISODE:
“Data is indicating that this year, once all the numbers are in, median home prices will be roughly 10% above last year.” – Dr. Yun
“I think by 2024 we will definitely have lower mortgage rates.” – Dr. Yun
“This is a pro's market.” – Brian Buffini
“Real estate is the number one protection against inflation and has been for 100 years.” – Brian Buffini
“Do not go it alone. When times are tough, you can't go it alone. Get help.” – Brian Buffini
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Transcript
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| 0:00.0 | Welcome to It's a Good Life Podcast where it's all about helping entrepreneurs think, |
| 0:07.6 | feel and do better. Here's your host, Brian Bafini. |
| 0:13.2 | Well, top of the morning, Tia, and welcome to our annual Bold Predictions show. This is our 15th |
| 0:20.0 | annual broadcast, which includes the state of the market, the forecast for the upcoming year, |
| 0:25.7 | and how to prepare yourself and your business for what's coming. We're glad you've joined us today. |
| 0:32.4 | We have three major areas or points we're going to cover today. We're going to do first and foremost |
| 0:38.0 | a market and industry update with our great friend, Dr. Lawrence Yoon. Then I'm going to share with |
| 0:42.5 | you my Bold Predictions and then specifically coach you up on the three opportunities that exist |
| 0:49.2 | in 2023 that you may not be aware of that can help you have a banner year. |
| 0:53.5 | And so as I mentioned, this is our 15th annual Bold Predictions for the last five years. We've had |
| 0:59.2 | Dr. Yoon as our guest and we'll talk a little bit about it today. But we have a pretty good record, |
| 1:03.6 | Dr. Yoon. We have forecasted quite a few things that have come to pass the last five years. Dr. Yoon, |
| 1:09.8 | for those who don't know, is the chief economist of the National Association of Realtors and oversees |
| 1:14.0 | their research group and we're honored to have him back with us today. Lawrence, welcome to our |
| 1:19.6 | broadcast. Good to see you, my friend. Hello, Brian. Thank you for having me. Always good to talk to you. |
| 1:26.8 | I know the market is a little rough right now, but we need to look at the data and see where |
| 1:31.6 | things are going. Well, again, we've had a pretty good track record together of helping people prepare. |
| 1:37.1 | And we shared with them what was coming. We told them the rates in 2020. We were telling them |
| 1:41.6 | the rates were going to increase by 2022, make hay while the sun shines and help people buy homes |
| 1:48.9 | as a hedge against inflation before inflation was an issue. So our track record is pretty good. |
| 1:54.0 | I think on one hand, we have some sober information to share, but also some encouraging information |
| 1:58.9 | for a lot of folks. And so let's kick it off with some stats. That's what they look for. |
... |
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