Dec 2, 2022
What will 2023 mean to home buyers, home sellers, and homeowners? Let’s discuss mortgage rates, the supply of homes for sale, home prices, tax codes, and how they directly impact your real estate strategy. Philadelphia broker-owner Greg Herb joins us to talk about the biggest challenge of the new year: shortage of homes for sale. National Association of Home Builders Chief Economist Robert Dietz also spoke to us about the challenges facing home builders including the inventory shortage, and the time frame it may take to build a home. National Association of REALTORS® Director of Federal Tax Policy came on to discuss State and Local Tax (SALT) Deductions and tax credits that could open up doors to more renters and homeowners. In addition, National Association of REALTORS® Chief Economist Lawrence Yun provides us with his 2023 real estate forecast. To wrap up our 2023 Real Estate Market episode, Melissa Dittmann Tracey recaps her five holiday home design trends of 2022!