The economist that predicted the crash in 2008 says housing prices will drop 15% in 2023

That prediction doesn’t bode well for interest rates going forward but there are a few benefits that come with higher interest rates.

Here’s the linked image to an Ad Free PDF of the economic article:

Here’s a linked image to an Excel spreadsheet I wrote that shows real estate buyers may actually be better off buying now or with even higher interest rates rather than waiting for lower rates with the increased competition and higher prices. You can change the variables for your real estate market to run the numbers:

The last benefit I’ll mention in this email is that with very little refinances and lenders slowing down the process has sped up. This is a congratulations from a lender that we closed a loan with, loan application to closing in 2 weeks:


I hope you found something useful enough to share with your clients or friends and if you have any questions give me a ring at 425-753-2602 or email me at

Categories: Economic Data