Have mortgage rates finally hit their peak? Will we see some sort of “normalcy” come back to the real estate market? While no one can say for sure, we can look at what experts are saying about the real estate market! Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty and I know the state of the market will play a big role in what you decide to do with your home.
The first thing I want to point out is that with interest rates rising, it has many buyers concerned about entering the market. But the market has also brought in a number of new agents, over 150,000 from 2020 to 2021 according to Homelight. These agents have not worked through markets that have seen higher interest rates. Many homeowners purchased at a time of interest rates over 12% (Slide 2). I have seen a lot of different kinds of markets, including the 2008 crash. And I’m constantly looking at expert advice, analyzing the market, and giving the best expert advice that we can to our clients to help navigate the market. Rates are no where near where they have been, and normal is an ever changing target, but I am always here to help you navigate any market we may face, just give me a call and i can tell you more about our market.
Whether it’s YOU, or SOMEONE YOU KNOW, I’m here to help with your home buying and selling needs and take amazing care of you. I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty and I’m always here to help. Reach out anytime even if you’ve just got questions.
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?