2023 Real Estate Market Prediction

As the U.S. economy is continuing to experience inflation, the federal funds rate and mortgage rates have caused some concern for the real estate market. As we head into the new year, here is what we are anticipating seeing for the real estate market as we evolve through this inflation period.

With another 50 points added to the federal funds rate on December 14th 2022, (which has had an increase by three percentage points since the start of 2022), mortgage rates have followed suit with an overall increase of 3.25 percent for 2022. However, with the highest mortgage rates of the year being in the end of October, there has since been a slight stabilization in mortgage rates for the end of 2022.

Heading in to 2023, with mortgage rates trending down in the past six weeks, we anticipate that mortgage rates will continue to stabilize after having historical low rates in 2020 and 2021. We are sure there will be some hikes in the rates throughout this next year, but what we are anticipating for any home buyers and sellers for the new year is a normalization in the market as we continue to bounce back from the precedented times of the COVID pandemic.

As RE/MAX CEO Nick Bailey stated in his statement in October about the real estate market and the interest rates, “Regardless of the macro environment, the numbers, inflation, rates and all of that, there’s something that happens every year – people buy and sell houses. It’s driven by life events.”

If we follow demographic trends, there is still a large demand for housing. According to the National Association of Realtors, millennials represent forty-three percent of homebuyers. Eighty-one percent of the younger millennial homebuyers purchased homes for the first time in 2022. The Gen-Z generation is right on the home-buying tail of millennials.

With the statistics of the demographics being what they are and rates beginning to somewhat stabilize, we believe that the 2023 real estate market will thrive through the interest rates rising. We anticipate that buyers are going to have a choice on homes instead of having to over-offer and compete against 25 other buyers on a home they had to rush on deciding on. Buyers will now have less stress and more time to think through their home-buying decision. As sellers will be more eager to have their home off the market, buyers will continue to have more of an opportunity to negotiate with the sellers as they have at the end of the 2022 season.

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Having 10 years of management experience, Chelsea has a unique approach for the Mile High Living team. As the Sales Assistant for Mile High Living, Chelsea is able to incorporate her passion for people and her love of helping others in the real estate industry. Chelsea understands that purchasing a home is a big deal, and she strives to ensure that each client of Mile High Living is taken care of. Being the face of the Mile High Living sales office in the Fox Hill community, Chelsea ensures that each client is given as much information regarding their new home purchase and custom home build process


Experience country estate living at Fox Hill, Douglas County’s newest and premier residential development nestled in the countryside of Franktown, Colorado. Franktown, located immediately south of Parker, provides seclusion, serenity and tranquility while maintaining easy access to the Denver Tech Center, Parker, Elizabeth or Castle Rock. The city of Denver, Denver International Airport and Colorado Springs are also within easy access given the convenient location of Fox Hill. The Fox Hill community is situated on historic farmland showcasing a 1912 Charleston style farmhouse, barns and silos, spectacular views of the Rocky Mountains while surrounded by 129 acres of beautiful and pristine open space. This community affords the flexibility for buyers to use the builder or their choice or select from a list of semi-custom or custom preferred and highly qualified builders. Offering 92 home sites on 1.5 to 4.4 acres, Fox Hill will offer a Colorado living experience like no other. Please contact the Mile High Living team for an opportunity to view this spectacular and one of a kind community or for additional information at [email protected] or (303) 906-7646.


Welcome to Inspiration Point, Douglas County’s newest residential development located in Parker, Colorado. Located off Inspiration Drive and featuring rolling hills with majestic pines and views of the Rocky Mountains, Inspiration Point offers a rustic yet refined living experience with convenience to major highways, Denver International Airport, the Denver Tech Center and numerous retail shopping centers. This unique residential opportunity features ten 2.5 acre lots and the ability for buyers to select the builder of their choice. Additionally, for buyer’s convenience, the Mile High Living team as compiled a list of Colorado semi-custom and custom builders that would be a fantastic fit for this community. Please click the link below to view detailed community information or contact the Mile High Living team for additional details on Inspiration Point at [email protected] or (303) 906-7646. www.inspirationpointparker.com



With 5 years of marketing experience and event planning, Alix adds a unique perspective to the Mile High Living Realty team. Coming from an event planning background, Alix has an ability to keep the team organized and helps to plan any home events for the team. As the Sales and Marketing Coordinator, she has an enthusiastic commitment to the work that we do in the Real Estate industry. When potential buyers come to our sales office in the Fox Hill Community in Franktown, CO, Alix helps them understand the available homes and provides a great vision through the descriptions she provides.



Doug McLaughlin, co-founder of Mile High Living, has dedicated over 20 years of his life to the real estate industry. Doug’s professionalism in buying and selling Denver metro area real estate is undeniable. Doug has perfected his craft of providing exceptional service and expertise to his clients. Doug takes immense pride in being their real estate advisor, whether his client is a first-time home buyer or selling a luxury property. Aside from being a highly proficient Buyer’s and Listing Agent, Doug is an expert on short sales and foreclosures, with extensive expertise in suburban properties, luxury homes, and property management. Doug also extends his services and Denver metro knowledge beyond the homebuying and selling process, ultimately helping clients experience the best of the Colorado lifestyle. Doug is a Certified Distressed Property Expert, Negotiation Expert, EcoBroker, and a member ofthe RE/MAX Platinum Club.



A native to Colorado, Paige has a rare insight to the ever-changing Denver real estate climate. An award-winning broker, Paige specializes in residential developments, custom home design and construction, managing builder programs, and strategic marketing efforts. Paige provides a unique outlook to the clients of Mile High Living, to buyers, sellers, developers, and builders alike. Along with her extensive knowledge in acreage property and luxury custom home construction, Paige is the exclusive listing agent for Colorado’s first professionally managed farm-to-table custom home community, Fox Hill. As one of the co-founders of Mile High Living, she also brings with her 10 years of experience and knowledge of the financial services industry and an expertise in creative marketing, competitive intelligence, and a proven and successful edge to marketing and selling homes and developments. Paige strives to deliver exceptional results through active communication, attention to detail, and a personalized approach to buying and selling homes.