Right now, every real estate agent in the country is asking two big questions: Where is the 2023 housing market headed and how can they prepare themselves for it? But the thing about these questions is that not everyone is going to agree on the answers.
Someone like entrepreneur and noted business personality Patrick Bet-David predicts a very different future for the 2023 housing market than myself and David Childers of Keeping Current Matters. But instead of arguing about it, we’re willing to hear each other out, pull up the datapoints, and try to find some common ground so that we can get to the bottom of what everyone wants to know.
On this episode of the Tom Ferry Podcast Experience, David, Patrick, and I dig in to where the real estate market is headed in 2023 and what smart agents can do to prepare for it. If you’re a real estate agent who works in the U.S., this is an episode you need to see.
In this episode, we discuss…
0:00 – Intro
3:37 – About Patrick
7:10 – David’s view
8:11 – Consequences of inflation
14:44 – Home Values
23:32 – It depends on the market
29:20 – Layoffs and fake-salary people
32:30 – Rising rents
34:55 – Foreclosures
43:00 – What smart agents can do
49:44 – Playing for the future
54:25 – Closing thoughts