Will You Miss It or Move?

Will You Miss It or Move?

Here’s what nobody’s telling you about the current housing market: The market is not what it was… it’s become VERY EFFICIENT and smart. If you know how and what to look for, you’ll win, but if you’re trying to time the market, let me save you some time by saying it won’t happen. To be smart and win in today’s housing market, it’s about understanding what moves it and actually causes it to fluctuate.

Hi, I’m Tanja Odzak, Realtor with eXp Realty, helping people sell and buy homes right here in the East Bay! 

So, what causes real estate to fluctuate? First, Interest rates. Mortgage rates rise and fall, and that directly impacts how much house people can afford. Rates go down, then buyers get off the fence, but when rates rise, their strategy shifts. 

Next,  there is inventory. Low supply drives prices up, however, if more homes come on the market, that gives buyers room to negotiate. As a buyer and seller, you need to be aware of this and watch your local inventory. 

Another indicator is consumer confidence and the economy: Confidence is key. When people feel good about the economy, they act. When they’re uncertain, they pause, and that creates opportunity for the savvy ones. Sound familiar?

And finally, we have buyer psychology. This is perhaps the most underrated indicator. Perception drives action. If buyers think prices will rise, they will act. If they think prices are coming down, they sit tight and wait . . . it’s that simple.

Bottom line, there’s never a perfect time, just a well thought out  plan. Call me and let’s prepare a winning strategy and plan for you, regardless of whether you are buying or selling. 

My track record speaks for itself; being a top tier Realtor year after year has given me an unmatched understanding of what buyers and sellers are looking for. I’ll walk you through every step and make sure you’re set up to make a smart and confident move. Call me today and let’s talk about it!  I’m Tanja and I sell homes. I’m a seasoned East Bay expert and I’d love to get you started on your real estate journey. 

National Market Update #7 Will You Miss It or Move?

Thumbnail: Will You Miss It or Move?

Video Post text:

📈📈📈Housing inventory is up, so why are home prices continuing to rise nationally even though there is more supply? 🤔It might sound backward– More homes on the market mean more competition for sellers and lower prices, right? 

Watch this video to discover why that’s normally true… but not now! 🗣️🎙️

Script:

Housing inventory is up, so why are home prices continuing to rise nationally even though there is more supply? It might sound backward: More homes on the market mean more competition for sellers and lower prices, right? That’s normally true… so let’s talk about it!

Hi, I’m Tanja Odzak, Realtor with eXp Realty, helping people sell and buy homes right here in the East Bay! 

In today’s market, even though we are seeing a correction in many areas, there are other powerful factors that are keeping prices up and preventing a market crash. First, there is still pent-up buyer demand stemming from the pandemic. Even with rates around 6.75% buyers are re-entering the market. They have been waiting on the sidelines for a long time, and as soon as they see a small drop in rates or more homes hit the market, they pounce.

This demand keeps prices up. Even in areas where cracks are showing… this still keeps prices from coming down a lot and crashing. However, every city and neighborhood are different- so it’s really important to get the market stats in your desired locations. 

Until recently, the economy appeared to be fine. According to the National Association of Realtors, strong economic indicators mean buyers have more financial power and they are willing to pay more for homes that check all their boxes. 

But sellers don’t despair, recent data still shows sellers have power, just less than before. Yes, there has been a shift, but the market is normalizing after a wild last couple of years. Inventory is up, but we are still not at pre-pandemic inventory levels. Much of the inventory is concentrated in specific regions like the West Coast and the South. Nationally, we are at a 4.6-month supply of inventory… which is a balanced market. BUT It’s also worth saying that in today’s market, your home’s condition and marketing are MORE IMPORTANT than ever!

Bottom line, More inventory doesn’t mean weak demand. It means opportunity, but it’s still a competition. The homes that have the best strategic positioning are moving really fast, and the longer you wait, the more you’ll pay. 

Call me! If you would like more information on the current housing market.
Whether you are buying, selling, or both or just trying to make sense of it all, you need an experienced agent by your side to help navigate this market. With 10 years of experience as a Realtor, over 50 years of personal family real estate history, a Master’s Degree in Science, and a 5-star rating…  I help you win. No matter what the market is doing! Call me today and let’s talk about it!  I’m Tanja and I sell homes. I’m a seasoned East Bay expert and I’d love to get you started on your real estate journey.

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?

Click here—> I WANT TO GAIN ACCESS TO THE *HOME BUYER* SEMINAR NOW

Click here—> I WANT TO GAIN ACCESS TO THE *HOME SELLER* SEMINAR NOW

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