We hope to provide you with a localised and personalised outlook on what 2023 has in store.
Happy New Year
January 2023
Real Estate 2023 Outlook
There’s no one-size-fits-all answer. National averages don’t tell the full story of your local market. As a neighborhood real estate expert, we hope to provide you with a localized and personalized outlook on what 2023 has in store.
62% of local realtors said they predict there to be somewhat or much fewer home sales in 2023 compared to 2022. But 68.3% said they predict annual U.S. home price growth to decline only modestly or stay about the same as in 2022.
71.5% said they predict inventory to stay at current levels or increase somewhat. 75.8% said they expect the same of national rent levels.
61.6% said they predict average rates to end 2023 between 5% and 6%, down from 2022 highs exceeding 7%.
For a look at home sale prices near you in Q4 of 2022, click here:
Local Discoveries
Pleasant Hill Library - Our New Favorite Spot!
Why it took so long to visit the new library is unknown. But now that we have visited we will be making it a frequent outing. The kids loved it, picked out their own books and were able to run around and be kids. If you haven't checked it out yet you should! Great spot for rainy days or outdoor picnics.
Rainwater harvesting – save money with these sustainable ideas
Domestic rainwater harvesting is a growing trend – although it’s a long established water conservation measure. By collecting and re-using rainwater in your yard or inside your home, you can reduce your reliance on municipal or mains water and also help conserve energy.
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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