What could happen to the US housing market in 2023?

The US housing market is currently in a vulnerable state, with the economy struggling to stabilize in the wake of the COVID-19 pandemic. To gain an insight into what might happen to the market in 2023, Nate Strager of Luxury State International recently interviewed Ms. Julie Sanchez of Alderus Mortgage, a licensed loan officer and mortgage professional since 2005.

Ms. Sanchez discussed how 2020 and 2021 were "anomaly years," referring to them as "fire sales on houses"—a unique opportunity for those who know how to take advantage of it. She said that most of the business was a mix of purchases and refinances in 2020 and 2021 but had shifted focus in 2022 towards purchases due to increasing interest rates.

The loan officer went on to say that she was "pretty happy" with how 2022 turned out for her when asked if it was one of her best years. Compared to 2019, 2021 and 2020 had proven far more successful for Sanchez, with her business having more than tripled as people sought to take advantage of ultra-low interest rates. Despite being unable to accommodate everyone due to demand outstripping supply, she noted that they had done their best to help as many people as possible by making the most of the strategy-type market conditions that presented themselves during this time period. It appears that 2022 ultimately proved slightly better than 2019 according to Ms Sachez's own assessment.

Moving forward into 2023, it is difficult to make any conclusive statements regarding the future trajectory of the US housing market as numerous variables remain uncertain due to ongoing economic fluctuations caused by COVID-19-related restrictions such as health protocols and travel bans, amongst other measures taken by global governments worldwide. Financial markets have been largely impacted by disruptions brought about by lockdowns and social unrest present throughout much of 2020 and well into 2021 in some areas, both having remarkable implications concerning consumer confidence that could have repercussions lasting well beyond 2023 within certain industries.

That being said, there are promising signs that suggest a return back towards pre-COVID levels within certain global economies over time amidst stimulating government policies put into place across sectors meant to mitigate financial losses incurred over the past year or so due which may cushion any potential freefalls experienced going forward - including within real estate markets quite possibly even up until 2023 depending on its overall performance throughout months leading up between now then for better or worse these upcoming months will be critical in determining its ultimate direction. Watch this exclusive interview on Nate Strager’s official Youtube channel: https://www.youtube.com/watch?v=1QBlq2teq2E&t=41s

Additional Highlights
Legendary Comedian Jerry Lewis's Clark County Property Sold in Foreclosure for $2 Million
Las Vegas, NV - A piece of entertainment history recently changed hands as a house formerly owned by legendary comedian Jerry Lewis was sold in a September foreclosure sale for approximately $2 million, according to Clark County property records. The sale of this iconic property has garnered significant attention in both the local community and online. The news of the sale was first reported by the Las Vegas Review-Journal, which revealed that Brumbies Capital Inc., a private lending company, acquired the property in September. The company purchased the property for just over $2 million, as documented in records filed with the Clark County Recorder's Office. What makes this sale particularly intriguing is the property's history and its association with the beloved comedian Jerry Lewis. To shed light on the property's past, realtor, entrepreneur, and content creator Nathan Strager took viewers on a virtual tour of Jerry Lewis's former estate via his YouTube channel. The tour video quickly gained traction, amassing more than 73,000 views and counting. In the video, Nathan Strager shared insights about the property's history, showcasing various aspects of the house that still retained its original features from the time when Jerry Lewis lived there. Strager began the tour by stepping into the foyer, highlighting the original chandelier that once graced Lewis's home. The video depicted the preservation of historical elements during renovations, including the original doors and chandelier.
Read More