The 2023 Housing Crash Explained

A review of 2022 and forecasts for 2023, key differences between 2023 and 2008, and what it means to be a knowledge broker are today’s topics as Byron Lazine and Tom Toole break down a few of the latest industry headlines.
Two men in a podcast thumbnail look thoughtful, with a 'For Sale' house and a red downward arrow in the background, captioned 'The 2023 Housing Crash Explained'.
Two men in a podcast thumbnail look thoughtful, with a 'For Sale' house and a red downward arrow in the background, captioned 'The 2023 Housing Crash Explained'.
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For today’s first-ever episode of the Knowledge Brokers Podcast, Byron Lazine and Tom Toole combine their knowledge of the industry and their many years’ experience as real estate professionals to break down a few of the latest industry headlines. 

They start with a Housing Wire article, “A Tale of Two Halves,” to discuss the 2022 housing market, leading into related HW pieces on housing inventory and Logan Mohtashami’s 2023 housing market forecast

Both explored what could happen if we don’t fix the inventory issue—or if the economy weakens further and the job market slows down. They also address the key differences between the 2022-2023 housing market and 2008. 

As a wrap-up, Tom and Byron weighed in on what it means to be a knowledge broker—and why it’s so important for real estate professionals to aspire to that for the sake of their clients and communities. 

Click on any of the timestamps below to watch: 

00:0005:51 Intro

05:51A Tale of Two Halves” (Housing Wire)

17:09 What could happen if we don’t fix the inventory issue

23:09 Key differences between the 2022-2023 housing market and 2008

26:46 What 2023 will look like

27:12 Logan Mohtashami’s 2023 forecast (Housing Wire)

28:43 Prices aren’t likely to go down on a large scale until…

34:21 What could happen if the job market weakens

37:24 Knowledge broker entry-level requirements

Click here to watch the full episode. 

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About the Author

Real estate may be all about location, location, location, but we know that content is king! That's why we have an army of talented writers behind the scenes, crafting posts like this one to help you navigate the ins and outs of the industry.

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