It’s March, Where are we now?

It’s March, Where are we now?

Holy Cow, it’s already March! So let’s talk about where the market is . . . AND where it’s headed.

Hi, I’m Tanja Odzak, eXp Realty, and I help people sell and buy homes right here in the East Bay.

First and foremost, Inflation is still showing up, but it seems to be getting under control. Inflation finally came down close to the Fed’s 2% goal, and consumer sentiment has improved. Buyers are increasingly optimistic about the prospect of a soft landing that brings with it job security, lower inflation, and lower interest rates. Even Fed Chairman Jerome Powell expressed some cautious optimism. He said, “Growth is going on at a solid pace,” and he told 60 Minutes in early February. “With the economy strong like that, we feel like we can approach the question of when to begin to reduce interest rates carefully.”

Is there a light at the end of this two-year tunnel of elevated rates? YES! Long-term consumer confidence is high and Fannie Mae’s Home Purchase Sentiment Index, increased in January to its highest point since March 2022, the peak of the market. Another bright spot: 60% of respondents said they think it’s a good time to sell.

Group Think says it’s getting better and better and that coupled with low inventory, means a competitive market for the best properties. 

Call me today and let’s talk about it. I’m a seasoned East Bay expert with a 5-Star ratin g. I’ll help you navigate the market and make it happen, whether that’s selling or buying or both! 

And if you or someone you know needs to sell a home, 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. Terms do apply. 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?



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