What’s In and Out for Real Estate in 2023

As 2023 is underway, it’s interesting to see new trends emerge. While industry analysts expect the market to start normalizing this year (adjusting from the pandemic frenzy), I hope these trends translate to a less anxiety-riddled process for buyers and more normal expectations for sellers. Plus, though I’m boring when it comes to decorating (give me allll the bright white and neutrals), it’s nice to see some bolder, darker colors and design choices popping up. Comment below if you have any trends to add!

Out: Overbidding by six figures

Out: All-white walls and gray furniture

Out: Mortgage rates at 2-3%

Out: All-white kitchens

Out: Synthetic, non-renewable materials

Out: Waiving inspections

Out: Clean, all-cash offers

Out: Offers written sight unseen

Out: Houses under contract after a few days

Out: White, nickel accents

Out: Agents dancing + pointing to text on the screen

Out: Desks arbitrarily placed throughout house

Out: Understated, streamlined lights

Out: Unrealistic, unsustainable frenzy

In: Negotiating List Prices

In: Neutral tones and natural textures

In: Adjustable-Rate Mortgages

In: Dark blues, greens and even black kitchen cabinets

In: Eco-conscious homes

In: Full house inspections

In: Offers with financing/appraisal contingencies

In: Price reductions

In: Listings on the market longer

In: Black, brass accents

In: Educational and authentic social media

In: Integrated home offices

In: Oversized, statement light fixtures

In: A more normal real estate market

No matter which trends come and go, partnering with a trusted real estate agent can help you navigate all the ups and downs and roller coasters in between. When you’re ready, I promise to make the process informative, non-stressful, smooth, and above all, fun.