2023 Housing Forecast

Dated: January 16 2023

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As a real estate agent with Texas Premier Realty, David Beere has a deep understanding of the San Antonio housing market and the potential impact of a recession on it.

During the 2023 Housing Forecast we discussed a variety of economic segments of San Antonio Tx and how each impacted the housing market. 

While talk of an upcoming recession can be unsettling, it's important to remember that a recession doesn't always mean a crash in the housing market. In fact, historical data shows that home prices have appreciated in four out of the last six recessions. This means that even if a recession were to occur, it doesn't necessarily mean that home prices in San Antonio will fall.

One of the key differences between today's housing market and the market in 2008 is that the fundamentals of the market are much different. According to experts, home prices will vary by market and may go up or down depending on the local area. However, the average of their 2023 forecasts shows prices will net neutral nationwide, not fall drastically like they did in 2008.

In addition to this, a recession typically means falling mortgage rates. Research shows that historically, each time the economy slowed down, mortgage rates decreased. This is because mortgage rates tend to respond to inflation. And early signs show inflation is starting to cool. If inflation continues to ease, rates may fall a bit more, but the days of 3% are likely behind us.

As a trusted and experienced real estate agent, David Beere can provide you with the most up-to-date information and expert advice on the San Antonio housing market. He can guide you through the buying or selling process and help you achieve your homeownership goals, even during an economic downturn.

Don't hesitate to contact David Beere and Texas Premier Realty for all your real estate needs in San Antonio. We are here to help you navigate the housing market and make informed decisions.

 

 

David Beere is an agent with Texas Premier Realty, a highly reputable and successful real estate business serving clients in the San Antonio, Texas area. With over 15 years of experience in the industry, David has a deep understanding of the local market and is dedicated to helping his clients achieve their real estate goals. He is known for his excellent communication skills, unwavering integrity, and ability to navigate even the most complex real estate transactions with ease. Whether you are looking to buy or sell a home, David and his team at Texas Premier Realty are committed to providing you with the highest level of service and expertise to ensure a smooth and successful experience.

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With his extensive experience and dedication to client satisfaction, he is the perfect choice to guide you through the process and help you achieve your real estate goals. Contact David today to schedule a consultation and learn more about how he can help you make your next real estate transaction a success!

 

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David A Beere

Direct Phone Number -  210-889-3283    David Beere is an accomplished real estate agent with Texas Premier Realty, a well-established and successful real estate business that serve....

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