Residential real estate market in 2023 sees strongest performance in over a decade

Christmas is just around the corner. But, for residential real estate, celebrations began early, given the strong traction this sector has had through 2023. Post COVID-19, demand for homes picked up as people chose to move into their own larger homes or shift to housing complexes. Even rising interest rates over 2022-23 didn’t dent demand. Various estimates now suggest that 2023 is likely to be the best ever year for home sales as well as launches in more than a decade.

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