Supply and demand have always dictated the pricing of goods, including homes. With this ever changing market we are currently in, how will home prices be affected in the coming months? And will we be seeing a market more like before 2020? Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty and let us take a look at what experts are saying about the future of the market.
So let’s take a look at demand. This graph clearly shows a downward trend back to what we saw before 2020 (Slide 3). We see that with all the changes that 2020 and 2021 brought, from interest rates to us viewing our homes differently, it caused a major increase in demand for housing. But now in 2022, we are now seeing demand and sales begin to drop. We also know that lower interest rates drove people into the housing market, and rising rates are now driving many back out. Showing Time is also showing a decline in demand (Slide 4), and it does not even show the most recent months which have even lower numbers. Overall, experts are definitely showing a market shift in 2022 back to the kind of market we saw prior to 2022. Stay tuned for more information about the future of the real estate 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.
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