“Is the housing market going to Crash?” As a Realtor, that’s the question I am most often asked.
Hi, I’m Tanja Odzak, eXp Realty, and I help people sell and buy homes here in the East Bay.
With today’s housing market, everyone wants to know what’s happening with home prices. You may remember the 2008 housing crash… and even if you did not own a house back then, you may have some reservation for a repeat.
Good news! as we come to the end of the year, the housing market did not crash in 2023 and that is not on the horizon for 2024 either. One important reason for this is there are not enough homes for sale. For a market to crash, there would have to be an oversupply of inventory. According to Bankrate, “This ongoing lack of inventory explains why many buyers still have little choice but to bid up prices indicating that the supply and demand equation won’t allow a price crash in the near future”. In fact, foreclosure filings are at an all time low mainly due to the forbearance program of 2020. So, as we like to say in real estate, although we do not have a crystal ball, inventory levels are not anywhere near where they need to be in order for prices to drop significantly to cause a crash. If you would like more housing data to see what is happening here in the East Bay, call me! I’d love to help you strategize your next move!
And if you need to sell a home too… ask me about my home selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. I’m Tanja and I sell homes. Let’s get you going, Call me today!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?