September 2022 National Real Estate Market Update Part 1: State of the Real Estate Market

September 2022 National Real Estate Market Update Part 1: State of the Real Estate Market

You haven’t given up on the housing market and the chance to make your big move have you? After hearing about recent reports, you may change your mind. Hi, I’m Tanja Odzak, Our East Bay Home, brokered by eXp Realty….  let’s take a look at what experts are saying about the market right now.

I’m sure that if you’re like everyone else, Interest rates have been on your mind. But the unease you may be feeling may be coming to an end. Sam Khater, Freddie Mac’s chief economist says and I quote “Although rates continue to fluctuate, recent data suggest that the housing market is stabilizing as it transitions from the surge of activity during [2020-2021] to a more balanced market,” and he quotes “Declines in purchase demand continue to diminish while supply remains fairly tight across most markets. The consequence is that house prices likely will continue to rise, but at a slower pace for the rest of the summer.” Lawrence Yun from the National Association of Realtors gives his insight on what he believes will be happening soon in regards to interest rates, saying that falling inflation in July may suggest mortgage rates are topping out. So if you are looking to buy, don’t miss out on the opportunities that are right in front of you. 

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 to get started on the process 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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