What Will Burst The Housing Market Bubble???

For the last few years the housing market was absolutely insane. The prices were skyrocketing, we experienced a tremendous shortage of homes for sale and mortgage interest rates were on the rise reaching 20-year highs. Stream of news about the impending recession and the inevitable housing market crash is unstoppable leaving many people confused about the future of the housing market. It makes everyone wonder if it is a good time to buy or sell a home here in the Bay Area, or will there ever be a time when I can afford to buy a home here, or should I move out of the area? Afterall, for many, remote work is a possibility.

So, which factors may trigger housing prices to crash after more than 12 years of consistent growth? Well, there were two periods of price adjustment in 2019 and in the second half of 2022 but they were very short and very few people had a chance to take advantage of these short term price declines. Let’s play a few scenarios…

Michael Talis:
Call/text: (650) 766-6100
Web: https://bit.ly/3WUrGqv
Email: https://bit.ly/3Hscr2d
Coldwell Banker Realty
CALDRE: 01883499