Real estate trends to watch for in 2023
1 Increase in home prices
Home prices are expected to continue rising in many markets, driven by low inventory and high demand. This could make it challenging for first-time homebuyers to enter the market.
2 Growth of sustainable and energy-efficient properties
Sustainable and energy-efficient properties are becoming increasingly popular as more homebuyers prioritize environmental sustainability and energy efficiency.
3 More technology in real estate
Technology is expected to play an increasingly important role in real estate transactions, with virtual tours, online open houses, and e-closings becoming more common. Artificial intelligence and machine learning are also expected to be used more frequently in real estate data analysis.
4 Expansion of co-living and co-working spaces
Co-living and co-working spaces are becoming more popular as people seek out more affordable housing options and flexible work arrangements. These trends are expected to continue to grow in 2023.
these trends suggest that the real estate market is likely to continue evolving rapidly in 2023, driven by changing consumer preferences, advances in technology, and growing demand for sustainable and affordable housing options.