Whitelaw and Sons Real Estate Morgan Hill
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Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Jan 23, 2023

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

Let’s take a closer look and see how the pundits might be wrong and what might just end up being a 2023 real estate crash.

It is hard not to see all the media outlets painting a tolerable picture of what to expect in 2023. Most of the mainstream pundits point to a possible 4%-6% value drop over 2023. If we look at what they claim are reasons we should not be making the comparison, it is less than comforting.

When this comes up, the favorite line seems to be “2023 is very different from 2007”. What is interesting is if we actually take a look at the points they use to support this idea, every single one of them would tend to more accurately indicate that 2023 is more like 2007 than any of us would like.

So in todays show, we are going to chat about these claims and run down why, at the very least, there is a good chance that 2023 could turn out to be nearly as bad as 2007 – if not worse!

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NAR Settlement – For Buyers and Sellers

The NAR settlement, once it is approved, is set to go into effect in the middle of July 2024. This will completely change how Buyers agent are compensated and we can count on chaos while the systems adjust to the new reality.

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