Description

In this episode, Dave discusses:

• Why 2022 was such a unique year. 
• What’s currently happening in the real estate industry. 
• Inflation and interest rates. 
• Expectations and predictions for 2023. 

Key Takeaways:

• 2022 was a time when a stratospheric market came back to earth.
• Following a record-breaking year like 2021, some numbers are destined to decline to some extent. That doesn’t mean it’s a horrible market, however.
• In 2022, a lot of layoffs did happen throughout real estate related businesses. Many companies hired expecting another year like 2021, which did not happen. 
• The interest rates doubled from the beginning of 2022 to the end of 2022. 

"Several media reports have discussed how ‘bad’ 2022 was in real estate. The reality is that, in many ways, the numbers were better than 2021." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: dave@thenimickteam.com

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.