The housing market this spring has been one for the books. The biggest question – will the market be slowing down? Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty and I am here to help answer that question for you!
The short answer: no! No data out there supports a slow down in the market. Altos Research says, “We keep watching for it, but there are absolutely no signs of market slowdown anywhere in the data. If anything we’re seeing the market continue to heat up.” According to the NAR, most states are seeing a strong Buyers marker (Use Slide Here). Even with the recent interest rate hike, the buyers are not slowing down. On the flip side, we have slow seller traffic (Use Slide Here), in some places we see just about nothing! This keeps driving up sell prices. But we did see an increase in active listings across the country for the first time in six months, so there is a little light out there for buyers. But there’s still more competition than most experts assumed. Lance Lambert from Fortune said, “Now, more industry insiders are throwing out their previous forecasts and replacing them with more bullish short-term outlooks. Indeed, some experts say the 2022 spring housing market might go down as one of the most competitive on record.” That’s what the spring market has had in store for us and where experts say we are going. For more information on the market please reach out to my team.
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?