Home prices could drop 10% 'in many places' this year, said a 50-year real-estate veteran who's witnessed many booms and busts

• One real-estate veteran sees the housing market cooling down further after a multiyear bull run.
• ReMax founder Dave Liniger said prices could fall as much as 10% in some areas.
• As prices fall, he added, there will also likely be a mass exodus of real-estate agents.

How low could US home prices go in 2023?

"We think there might be a 10% adjustment in many places," Dave Liniger, the founder and former head of the national real estate brokerage ReMax, told Insider on Wednesday. "It's going to be a slower year than last year."