The housing price decrease finally hit us! TMP decreased in value this month; down another $21K, almost 6%.

Have we hit “end times”? See below for more answers.

That said, we remained firmly in First Place with other assets mixed:

You can see decreases in some of the Redfin and Zillow estimates.

Some people are predicting “end times” conditions in the housing market: “In fact, George Gammon has demonstrated that we will need a crash in housing prices even larger than we witnessed during the last housing crash just to get back to the long-term trend line.”

And what’s the future of our partner/friend/real estate agent/pastor/business coach/and much more, Jeff? Future of real estate agents: Experts Predict What The Housing Market Will Look Like In 2023 (forbes.com)

“Homeowners will stay in homes due to locked-in lower interest rates. Regarding Realtors, 300,000 to 400,000 new licensees entered the real estate market over the past couple of years (similar to the relative percentage growth of NAR members between 2005-07).

Many top-producing professionals and teams that have been closing $100 million per year in transaction sales, chose this career path during real estate’s hot markets (2012-2020). So, they haven’t experienced a severe downward cycle like this since 2008. There are more than 90,000 real estate brokerages in America. Of these, many will consolidate, and others will get wiped out. Their Plan B funding source for access to capital, just to stay afloat, are friends and family.”

Here what Jeff thinks: