Will the Real Estate Market Crash in 2023?

February 02, 2023

Powered by RedCircle

In this week’s episode of the Turning Profit podcast, Heather and I discuss the state of the real estate market in 2023.

You see, these last two years have been, to say the least, hectic.

The pandemic has been shaping (and changing) everyone’s lives for the last few years, and it has affected everything, from the way we shop to how we work to… you guessed it, the real estate market.

And many are now predicting a real estate market crash.

Is there any truth to those predictions?

This is exactly what we discuss in today’s episode of the Turning Profit podcast!

Want to learn more?

Tune in now.


Key Takeaways:

  • Introduction (00:00)
  • Let’s hop into the time machine! (03:39)
  • Our first real estate cycle (13:45)
  • The ripple effects of COVID (21:19)
  • Are you hoping for a market crash? (33:31)
  • BPOs (36:22)
  • So, is the market crashing? (44:24)
  • How to protect yourself (48:12)
  • How a softer market can affect land (55:40)


Additional Resources:

Read our monthly income reports at: https://turningprofit.com

Want to see what’s possible with Land Flipping? Get a detailed breakdown of our first 50 Land Flipping Deals here.

Want to connect directly with me and like-minded land flippers? Join our free Land Flipping community here

Follow Heather on Instagram here.

Follow Pete on Instagram here.


Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.

Follow us on your favorite platform so you never miss an episode!

Join Our Community

Join our free land flipping community

Latest Income Reports

Income Report – April 2024

Income Report – April 2024

Well, this wasn’t my best month. In fact, it was a big disappointment.

The revenue was much lower than we anticipated. Yes, $207,164 is a lot of money, but based on the trajectory and track record, I would like to see this much higher.

The gross profit for April was $67,131.47. This is a sizeable amount of profit, but not nearly what I need it to be at this level.

The big problem for April was that I only closed 2 deals.

Read More
Income Report – March 2023

Income Report – March 2023

March was a pretty good month! We didn’t top our record setting January, but we weren’t too far off with $674,265 in revenue for March. This is the exact amount of revenue that was wired to our bank account in March. If we multiplied that out fo the year, that would be $8,091,185. That’s good, but a little short of my $10 Million goal for 2023. I’ve got some work to do! The gross profit for March was $275,156 which I’m pretty happy with!

Read More
Income Report – February 2023

Income Report - February 2023

I had high hopes for February, but it fell a little short. But, can I really be upset about $464,159 of revenue? Not really. Although we didn’t top last month’s record figure, we still did pretty well. We had a couple of deals fall out of contract and also a couple of closings got delayed. That is the nature of this business and real estate in general. Plans always change and nothing ever goes exactly as planned. That’s ok, because I expect the unexpected at this point. Our gross profit for this month was pretty healthy as well.

Read More