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Real estate

There will be growth: real estate expert forecasts end of mortgage rate crisis for 2023

January 20, 2023

Mickey Alam Khan, president of Luxury Portfolio International, hosts expert panel discussing luxury real estate in the year ahead. Image credit: Luxury Portfolio International Mickey Alam Khan, president of Luxury Portfolio International, hosts expert panel discussing luxury real estate in the year ahead. Image credit: Luxury Portfolio International

 

However personally devastating and disruptive the Covid 19 pandemic may have been, it preceded —if not propelled—a major uptick in real estate acquisitions in the period immediately following.

“Of course, Covid was a nasty virus, it interrupted our lives, but for real estate? A boom,” said Lawrence Yun, chief economist at the National Association of Realtors. 

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