How are we not in a housing bubble! Looking at the history of the housing market, we are not in a place where the market is ready to burst, and we are going to break that down for you. Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty.
If we take a look at the history of the modern housing market looking specifically at prices, We see that there was only ever one significant fall in home value, 2008. (SLIDE 3) There are 2 major reasons for this: loose lending standards and cash out refinances. People could apply for a loan they did not truly qualify for, then take cash out on their home to finance a lifestyle change. But will we see something similar today? As Danielle Hale from Realtor.com says, “We have learned from history that prices can fall. The more important question is if it’s going to happen right now. And that’s hard to say.” The last two years have been unprecedented and have led us here. Unprecedented times lead to unknown results, But one thing we do know, this is not 2008! If you have any other questions about the market, reach out to my team and we can help you decide what’s best for your family in this market.
And ask me about my tiered home selling plans where you get to pick which real estate services you want and the fee you pay offering you simplified and transparent choices! Tanja Odzak, Our East Bay Home AND 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?