2023 Real Estate Housing Trends You’ll Want to Know About

If you’re thinking of buying a house in 2023, you’ll want to be up-to-date on the latest housing trends. Here’s a list of what experts are predicting for the coming year, from well established real estate agencies to a trusted finance partner for property developers.

Rise of the Suburbs 

There has been a recent trend of people moving away from big cities and into suburbia. This is due to a combination of factors, such as increased remote working opportunities, a desire for more space, and a need for better schools and amenities. The pandemic has only accelerated this trend, with many city dwellers looking to trade in their cramped apartments for single-family homes with backyards. 

So, if you’re looking to buy a house in 2023, you may want to consider moving to the suburbs – just simply sign in to your eXp Realty account or similar for the convenience of it all. Not only will you get more bang for your buck, but you’ll also enjoy a higher quality of life. Just be sure to do your research before making the move – some suburbs are pricier than others! 

Continued Rise in Home Prices 

Due to the ongoing housing shortage, experts predict that home prices will continue to rise in 2023. So, if you’re thinking of buying a house, it’s best to start saving now. Keep in mind that you’ll also need to budget for closing costs, which can add up quickly. According to Zillow, the average buyer pays around $5760 in closing costs at the moment.

If you’re not quite ready to buy a house but still want to take advantage of the rising home prices, you could consider investing in real estate – this can be a great way to make money while also getting your foot in the door of the housing market. Just be sure to do your research beforehand and consult with a financial advisor to see if real estate investing is right for you. 

Continued Shift Towards Sustainability 

As we become more aware of the need to protect our planet, sustainable living is becoming increasingly popular. This trend is being reflected in the housing market, with more and more buyers wanting houses that are eco-friendly and energy efficient. 

If you’re looking for a sustainable home, there are a few things you’ll want to keep in mind. For starters, look for homes that have solar panels or other green features like rainwater harvesting systems. You should also check the home’s energy efficiency rating – the higher the rating, the lower your carbon footprint will be. Finally, pay attention to where the home is located – homes near public transportation or other amenities tend to be more sustainable than those that are isolated from urban areas. 

Ready to get started? 

These are just a few of the top real estate housing trends predicted for 2023. By keeping these trends in mind, you’ll be well on your way to finding your dream home – whether it’s in the city or suburbs!