Phoenix real estate experts offer their predictions for 2023

by Timothy Inklebarger

In a market like we’ve seen over the last year, who would dare predict what lies ahead in 2023? While most of us ride the economic wave with all of its twists and turns, it’s the industry professionals in leadership positions who have to anticipate what’s next, when that change will take place and how best to adapt and thrive.

That’s why we’ve drawn from the expertise of some of the top minds in the market to hear how they’re preparing for the next 12 months. The big question on everyone’s mind is whether the wild fluctuations in interest rates will begin to even out, but what else is keeping these executives up at night?

In our annual questionnaire, we hear from managing brokers, mortgage lenders, developers and more to get their prognostications on everything from what’s hot in the market to how prices, inventory and myriad other factors shape their vision of the future.

Our expert panel includes:

Mike Balzotti, Director of Education, Russ Lyon Sotheby’s International Real Estate

Tim Brigham, Union Home Loans

Liz Brooks, Executive Vice President of Sales and Marketing, Belgravia Group

Jeremy Collett, Executive Director of Capital Markets, Guaranteed Rate

Greg Hague, Founder, 72Sold

Lizy Hoeffer, CrossCountry Mortgage

Mo Hamideh, Branch Manager, Nations Lending

Robert Joffe, Founder and Associate Broker, The Joffe Group at Launch Real Estate

Slava Kosta, Vice President of Recruitment and Managing Broker, DeLex Realty

Heath Melton, President, The Howard Hughes Corporation

Todd Menard, Chief Operating Officer, West USA Realty

Monica Monson, Founder and CEO, The Noble Agency

Wendy Walker, Managing Director – Scottsdale, The Agency

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