Happy Tuesday! It’s that day of the week again for our 2023 housing trends! 👇

1. Urban vs. Suburban Preferences: The preference for urban living may shift in response to the COVID-19 pandemic. People may continue to prioritize suburban or rural areas with more space and less population density.

2. Millennial Homebuyers: As the millennial generation enters its peak home-buying years, they will have a significant impact on the market. This generation values affordability, sustainability, and technology in their housing choices.

3. Interest Rates: Mortgage interest rates can greatly influence the housing market. If rates remain low or rise slowly, it can encourage home buying. Conversely, significant rate hikes could slow down the market.

4. Digital Real Estate Transactions: The use of technology in real estate transactions is likely to grow, with more processes moving online, such as virtual tours, digital document signing, and AI-driven property searches.

We’ll have more of these on our next blog, so don’t forget to check back!