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South Florida 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:

Jeremy Collett, Executive Director of Capital Markets, Guaranteed Rate

Edgardo Defortuna, President, CEO and Founder, Fortune International Group

Derek Fertig, Senior Vice President, Fairway Independent Mortgage Corporation

Craig Garcia, President, Capital Partners Mortgage

Julian Johnston, Broker Associate, The Corcoran Group

Seth Kaufman, Chief Sales Officer, ONE Sotheby’s International Realty

Nancy Klock Corey, Regional Vice President, Southeast Florida, Coldwell Banker Realty

Rei Mesa, President and CEO, Berkshire Hathaway HomeServices Florida Realty

Mike Pappas, President and CEO, The Keyes Company

Jay Phillip Parker, CEO, Douglas Elliman, Florida

Ingrid Sanchez, Regional Director of Operations and Managing Director of Greater Miami, Brown Harris Stevens Miami

Minette Schwartz, Principal, Senior Director of Luxury Sales, Compass

Mark Wilson, President and CEO, London Bay, developer of The Ritz-Carlton Residences, Estero Bay

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