What will happen to real estate in 2023? Real Estate Market Predictions
1. 1/3 of all real estate agents will go out of business in 2023
Real estate agent Stacey Glenn gives her prediction for 2023 that about 1/3 of all real estate agents are going to go out of business. It’s because so many people who were at home during the pandemic went out and got their real estate license. But then when it comes time for the renewal, many will feel that it’s not worth their time and effort (not to mention the cost for membership with the Realtor Associations!)
2. Interest Rates will continue to go up as long as the economy is strong
Watch this video for an overview of predictions 2 thru 4.