2023 Is Going To Be A Real Estate Blood Bath

That's right. I think we are headed for a downturn that just might dwarf the 2006-2008 style crash we saw in real estate. We are in worse financial shape as we try to combat inflation, recessions and a contracting real estate market.

On top of that, the latest real estate numbers for Santa Clara County is EXACTLY what I have been predicting. Make sure to check out this months Coffee & Real Estate Live Chat where we are going to discuss this in detail and you can ask questions or make comments. Find more at soldbyrobert.com.

0:00 - Intro
3:15 - How credit is calculated today vs the pass
7:11 - Planned layoffs, job freezes and withdrawal of job offers
12:00 - Peter Schiff
20:17 - Subprime auto loans and repossessions
25:22 - Real estate numbers that show a market pivot. Average sales price year over year is DOWN
28:33 - Conclusion

#realestate #2023predictions

Here are the articles for todays show:

https://www.cnbc.com/2022/08/22/50percent-of-employers-expect-layoffs-a-survey-found-heres-how-to-prepare.html

https://news.bitcoin.com/peter-schiff-warns-us-faces-a-massive-financial-crisis-economist-expects-much-larger-problems-than-2008-when-the-defaults-start/

https://www.ksby.com/news/national/auto-loan-delinquencies-and-repossessions-are-on-the-rise

https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html
——————————————————————————————————————————————————
➡️ Instagram: https://www.instagram.com/rebelbroker/
➡️ Twitter: https://twitter.com/rebelbroker
➡️ Facebook: https://www.facebook.com/whitelawre/
☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/live/
📰 Subscribe To The Monthly Newsletter: https://soldbyrobert.com/get-the-newsletter

🕵🏻‍♂️ Search For Homes For Sale: https://soldbyrobert.com/homes-for-sale-map-search
👓 Luxury Homes List: https://soldbyrobert.com/listing-report/Luxury-Homes/1371502
💵 Homes Priced Below Average: https://soldbyrobert.com/listing-report/Homes-Priced-Below-Average-In-Morgan-Hill-San-Martin-and-Gilroy/1281392
——————————————————————————————————————————————————
📚 A case study in how I get better results than other real estate agents or brokerages: https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444
——————————————————————————————————————————————————
My goal is to share my insights and opinions relating to real estate so that you can make the best possible decisions in achieving your real estate dreams. If you are interested in buying, selling or investing anywhere in Silicon Valley, Morgan Hill, San Martin or Gilroy - I would love an opportunity to discuss with you what I can do to help you get the best outcome possible! Plus, I guarantee results.