Redfin predicts that the median home sale price will drop by about 4% in 2023. That would be the first annual drop since 2012, so over a decade. Colliers surveyed investors globally about where they thought the capital values for assets with the land next year and almost 20% said they just didn't know.
It's the end of the year as we know it, and investors feel — uncertain. Rate hikes have slowed deals in the second half of 2022 and Fed Chair Jay Powell said there's more pain to come. But how long will all the available dry powder stagnate on the sidelines? Deconstruct breaks down 2023 forecasts for multifamily, retail, industrial and office and chats with Moody's Senior Economist Thomas LaSalvia about when the deal dam might break.