Will this one thing be making a comeback in the real estate market? The high
mortgage rates that have paralyzed real estate are heading downward
and could drop even further by the end of the year. This could indicate changes
in the marketplace. And guess what? As interest rates drop, we may begin to see… multiple offers… back in the market.
Hi, I’m Tanja Odzak, eXp Realty. I love helping people. I’m a Senior Level Realtor and I help people sell and buy homes right here in the East Bay!
We are *finally* getting some relief and starting to see inflation lose some steam
and the economy is cooling. This, along with predictions that the Federal Reserve will
make not one, but TWO rate cuts by the end of 2024, may create a lot of
buyer buzz.
According to Realtor.com chief economist, Danielle Hale, rates are to drop further this Fall and Winter. Most likely, more buyers will enter back into the market after feeling iced out lately. We saw the market cool off in the summer and did not see high buyer demand and multiple offer scenarios.
But with these latest anticipated rate drops, all that can change. We should also
see more sellers listing their homes to take advantage of the new buyer pool.
The competition could mean multiple offers on more properties with the high demand.
Of course, keep in mind the fourth quarter typically sees the end of the prime real
estate season as we begin to see colder and shorter days, so it will be interesting
to see how this latest anticipated rate drop plays out.
If you would like more information on East Bay real estate, Call me today and let’s talk about it. I’m a seasoned East Bay expert with a 5-star rating. I’ll help you navigate the market and make it happen, whether that’s selling or buying or both!
And if you or someone you know needs to sell a home, ask me about my home-selling plans… I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. Terms do apply. I’m Tanja and I sell homes. Let’s get you going, Call me 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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