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Market Matters: 2022 Reflections, and 2023 Projections
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In the first Market Matters of the new year, Matt and Adam summarize the Colorado real estate market in 2022, their projections and reasons behind a balanced market in 2023 - in which homeowners will most likely experience a 2-5% rate of appreciation - and why mortgage interest rates will decline in the first quarter of the year.
Matt and Adam also explain some of the concerns about the US economy related to inflation, the federal reserve monetary policy and in particular the labor market that could influence the direction of real estate.
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