Discover the surprising truth about the 2023 housing market.


The start of 2023 brought with it a wave of dire predictions for the housing market. Experts and economists were sounding the alarm, forecasting a looming crash that could send home prices plummeting. Quotes from notable figures like Jeremy Siegel and Mark Zandi circulated, stirring fear and uncertainty among consumers. The impact of these predictions was evident, with consumer confidence shaken and sales declining in the first quarter.

However, here's the great news - those predictions were proven wrong. Home prices didn't crash after all. Recent reports from Goldman Sachs Research, Case-Shiller, and FHA show that the housing market has stabilized and, in some cases, even rebounded. The global housing market is defying expectations, with house prices rising in major economies, including the U.S.

Goldman Sachs recently acknowledged that the housing market is stabilizing faster than anticipated, despite months of rising mortgage rates. The claims of stabilization and rebound have been verified by reputable indices, and the reality stands in stark contrast to the once-predicted doomsday scenario.

“The impact of these predictions was evident, with consumer confidence shaken and sales declining in the first quarter.”

The shift from crash predictions to stabilization has occurred with far less fanfare, perhaps because, as they say, bad news travels fast. As real estate agents, it is our responsibility to effectively communicate the actual market situation to you. Rest assured that our team is here to provide you with accurate information and address any questions or concerns you may have about the housing market.

If you were hesitant about making a home buying or selling decision due to the previous predictions, know that the landscape has changed. The market is more stable than expected, presenting opportunities for buyers and sellers alike.

At our team, we believe in transparency and keeping you informed. So, should you have any inquiries about the current state of the housing market or your real estate plans, don't hesitate to reach out. We are here to guide and support you throughout your real estate journey. Let's work together to achieve your goals with confidence and clarity.