Quail Creek Homes | Russ Fortuno, Tierra Antigua Realty
Register Login (520) 333-0446
  • Bloglovin
  • Email
  • Facebook
  • LinkedIn
  • YouTube
  • Home
  • Homes for Sale
    • All Active Listings
    • Floor Plans
    • Homes w/ Pools
    • Single Family / Detached
    • Villas
  • Community Info
  • Amenities
  • Buyers
  • Sellers
  • About
  • Blog

Oops! Home prices didn’t crash after all

June 5, 2023

Oops! Home prices didn’t crash after all

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts:

“I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside,” said Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business.

“Buckle in,” said Mark Zandi, Chief Economist at Moody’s Analytics. “Assuming rates remain near their current 6.5% and the economy skirts recession, then national house prices will fall almost 10% peak-to-trough. Most of those declines will happen sooner rather than later. And house prices will fall 20% if there is a typical recession.”

And from Goldman Sachs: “Housing is already cooling in the U.S., according to July data that was reported last week. As interest rates climb steadily higher, Goldman Sachs Research’s G-10 home price model suggests home prices will decline by around 5% to 10% from the peak in the U.S. … Economists at Goldman Sachs Research say there are risks that housing markets could decline more than their model suggests.”Continue Reading

Filed Under: Market Trends Tagged With: Depreciation, Home Prices

New Listing

NOTIFICATIONS

  • Email Alerts for New Listings
  • Save Your Favorites
  • Schedule Showing Requests
  • Price Change Notifications
  • Plus More…

Sign Up

What’s Your

HOME WORTH?

Find Out

Client

TESTIMONIALS

"I had a great experience with Russ during the purchase of this home. He was knowledgeable and very prompt in replies to questions. He shared his knowledge about the home, this community as well as the real estate market overall. He assisted me in narrowing my search. He helped with details during and after the search and purchase. I would utilize his real estate service again. He is truly an exceptional Realtor."
- Kristi L., Quail Creek
"Russ Fortuno is our trusted choice for real estate. After selling our house, we hoped to find a new home in Green Valley. Russ came highly recommended to us. It was a very stressful time, as we felt time-crunched, but we rested more easily, with Russ on our side. His experience in this market, knowledge of the area and insight into what we needed and wanted in our future home really gained our trust. It was also helpful that he has a calming demeanor! We found the perfect home for us, thanks to Russ. What a blessing!"
- Mike and Linda S., Quail Creek
"Above & beyond! Russ is the consummate professional. His knowledge and expertise of the market are spot on. His marketing and attention to detail were perfect. He made sure every showing had all the information and detail our house had to offer. I highly recommend anyone looking to sell their home to trust it in the hands of Russ. "
- Janet A., Quail Creek
View All

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Bloglovin
  • Email
  • Facebook
  • LinkedIn
  • Phone
  • YouTube

agent photo

Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

This site is not affiliated with Robson Communities or the Quail Creek Country Club Property Owners Association.
© 2025 Russell E Fortuno PLLC, All Rights Reserved. ADRE BR658088000   •   Privacy