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2023 Economic Summit: Housing, Consumer Behavior & the Economy
In January 2023, Coldwell Banker presented an Economic Summit focused on the issues shaping housing and the broader economy at the beginning of the year.
The virtual event brought together real estate and economic perspectives to discuss consumer behavior, homeownership and expectations for the 2023 economy.
This event took place on January 31, 2023, and this page is maintained as an archive of the original event.
Consumer Behavior: What Was Driving Homeownership?
Tammy Miller | Coldwell Banker Realty – Colorado
One of the featured topics explored consumer behavior and the factors influencing people’s decisions surrounding homeownership.
At the beginning of 2023, buyers and sellers were navigating a housing environment that looked very different from the exceptionally competitive market of the preceding years.
Understanding what motivates consumers—and how those priorities respond to changing economic conditions—is an important part of understanding the housing market.
The Economy in 2023: Slowing but Hopefully Growing
Elliot Eisenberg, Ph.D. | Economist & Graphs and Laughs
The summit also featured economist Elliot Eisenberg, Ph.D., discussing the outlook for the U.S. economy in 2023 and what participants might anticipate in the year ahead.
Economic forecasts are always tied to the information available at the time they’re made. Because this presentation took place in early 2023, its forecasts should be viewed as a snapshot of expectations at that point rather than a description of today’s economy.
Why Economic Trends Matter in Real Estate
Mortgage rates, employment, inflation, consumer confidence and housing inventory can all influence real estate activity.
But national economic headlines don’t always tell you what’s happening with an individual property or within a specific San Jose neighborhood.
For buyers and sellers, that’s why I believe it’s important to combine the bigger economic picture with current local real estate data when making decisions.
If you’re considering buying or selling in San Jose today, I can help you look at recent sales, inventory, pricing and competition in your specific neighborhood and price range.
Michelle Elliott
Coldwell Banker Realty
408-839-7915
DRE #01777533
This article relates to an Economic Summit held on January 31, 2023. Topics, forecasts and economic commentary from the event reflected information and expectations available at that time and should not be interpreted as current economic or real estate forecasts.
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About the Author – Michelle Elliott
With over 20 years of experience navigating the fast-paced Silicon Valley market, I provide a strategic, results-driven approach to residential real estate. My career is built on a foundation of deep local expertise and a relentless commitment to my clients’ success, resulting in over $235 million in lifetime sales volume and a consistent ranking in the top 3% of agents in Santa Clara County and top 2% at Coldwell Banker. My expertise has been featured on KTVU Fox 2, Real Producers and the Willow Glen Resident. She is also the co-host of the San Jose Podcast “Say What You Want About Real Estate”
A Hyper-Local Expert with Global Reach
I specialize in San Jose, in the neighborhoods of Willow Glen (95125 & 95124) Cambrian Park and Almaden, Downtown San Jose/Japantown (95112) markets. As a certified Luxury Property Specialist with Coldwell Banker Realty, I combine high-end marketing strategies with granular neighborhood knowledge to help my clients achieve premium results.
The “Tiger” at the Negotiating Table
My clients have characterized me as a “tiger” at the negotiating table who remains “sweet and patient” with my clients throughout the process. I pride myself on being a fierce advocate for my buyers and sellers, ensuring the best possible terms in every transaction, and I strive to be the best Realtor in 95125! This balance, drive, and tenacity have earned me consistent 5-star ratings across Google, Zillow, Realtor.com, and Yelp.
Michelle Elliott
Michelle@michelleelliottrealtor.com
1712 Meridian Ave, Ste C, San Jose, CA
DRE 01777533
