Change is the only thing that’s constant, and in real estate, the market continues to trend and fluctuate.
Hi, I’m Tanja Odzak, eXp Realty, and I help people sell and buy homes right here in the East Bay.
Recent housing trends have shown us a real estate market that is unpredictable and also full of potential. Whether you are looking to buy, sell or invest, the key to navigating this market is understanding the market’s ebbs and flows.
The real estate market is known for its cyclical nature that affects property value, investment returns and market activity. These fluctuations are influenced by the highs, and the lows of what’s trending.
So what are some of the booms and busts that influence the market?
Rising property values. During a boom, property values typically increase. This is due to strong demand, limited inventory and economic growth.
Easy Financing. During boom periods, financing tends to be more favorable with lenders offering more incentives and better terms, encouraging more people to buy.
and what about the busts? What trends do we see in a low market?
Falling property values. In a market downturn, property values can drop due to oversupply and less demand or economic conditions. This can also cause lenders to tighten their belts on financing as they become more cautious about lending and making it harder for buyers to secure loans.
As of today, we are seeing the current housing trends to be more favorable for both the buyer and the seller. These trends are a gradual shift to a more balanced market with slight improvement in affordability for buyers.
Keep in mind that the East Bay real estate market can vary by location so it is best to always consult with me, your East Bay expert. If you would like more information on the current market prices and inventory, 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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