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Q2 2023 Housing Market Update

Kathy Fettke

Kathy Fettke

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Webinar Description

A year ago when mortgage rates shot up, most headlines warned of a major housing crash coming. I had a different opinion: I thought the housing market would soften a bit, with a 7% average decline in prices nationwide. I was wrong, and so were those headlines.

According to the National Association of Realtors, the median existing-home sales price slipped just 1.7% from one year ago to $388,800 in April. That’s hardly a crash and 1/4th of what I predicted would happen.

However, those are just averages of a very big country. One thing I did predict accurately was that some markets would actually increase in value, in spite of the headwinds. Some people thought I was overly optimistic or downright nuts.

Sure enough, the markets we promote at RealWealth as “growth” markets have continued to do just that. For example, home prices in Tampa were up 5.0% in April compared to last year, selling for a median price of $420K, according to Redfin. WOW! That’s pretty impressive given interest rates doubled during that time period.

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What data was I looking at that helped us be so accurate? I share all of it on this webinar. I also share new trends, emerging opportunities, and potential challenges ahead.

Kathy Fettke
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