Richie Alan Naggar, agent & author  (people first...then business Ran Right Realty )

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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Real Estate has by no means bottomed out in San Diego. Multiple offers are back and MBS Highway's Barry Habib this morning in a webinar stated that he's expecting rates to continue to decline and low inventory to create another frenzy - which we're already seeing n pockets of San Diego. We'll know for sure on May 10, 2023 if he called it correct, but the historical indicators suggest he did e.g. last June 2022 he called it too.
Ask Jason E. Gordon to share his thoughts on this too...

Jan 30, 2023 05:06 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Interest rates are still challenging and the Fed will raise rates again soon. That does not indicate "bottoming out". If rates do decline in the months ahead, that will be a different story.

Jan 30, 2023 06:50 PM
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Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

We are incredibly busy in my market right now.  Happy to see it again.

Jan 31, 2023 06:07 AM
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Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

I think that depends on where you are located.  Market is doing well in my neck of the woods. Homes continue to go pending and close. Inventory is not as high as it was last summer but no where near the shortage there was in 20 and 21.  Many people are moving to AZ for their own reasons, get out of high tax states, reasonable home prices as compared to where they're moving from etc.  I  consider it a more normal market.

Jan 30, 2023 07:56 PM
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

No crystal ball here Richie Alan Naggar so all I can say is I hope so. It's not good when people can not afford a home of their own.

Jan 30, 2023 05:58 PM
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Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Maybe AI has a crystal ball. Let's see how deep these layoffs that have been quietly happening will go

Jan 31, 2023 06:25 AM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

You'll hear all kinds of "talk". It's just opinions. 

Jan 31, 2023 05:43 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Lots of folks like to focus on the negative, even when they need to make things up.  I suspect the real estate market will be just fine this year.

Jan 30, 2023 08:14 PM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Business has picked back up in Denver since the first of the year, and if rates decrease we could be going crazy again.

Jan 31, 2023 06:32 AM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

As people adapt to rates that were in vogue when inflation of the 70's was on fire. the market will gain strength if inventory is available. Those with artificially low mortgage rates will dig in and stay.

Jan 31, 2023 09:36 AM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

"Rumors of my death have been greatly exaggerated." - Real Estate

Jan 31, 2023 09:14 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

We will see how it all plays out Richie,  Focusing on gloom and doom will surely produce that.  

Jan 31, 2023 08:28 AM