Real estate trends to watch in 2023 - Sacramento Appraisal Blog | Real Estate Appraiser

Abstract

Many markets saw a lower number of sales last year in light of mortgage rates doubling, and in the Sacramento region we’re missing about 40% of buyers from the pre-pandemic normal. Volume will be subdued: There is an obsession with prices in real estate, but the bigger story is volume. The color of the year: Pantone’s color for 2023 is called Viva Magenta. If anything, a little more color would be welcome after a littleMore color would would be welcomed after a couple of years. More color would also be welcome. We’ll see if this shows up more often. If something, a few more color will be welcomeAfter a little less color would have been welcome after.