Is The Market Cooling Down? | Bay Area Housing Market Report 2022

Is the market cooling down? Over the last few months, business in this market has slowed significantly. Talks of an extreme economic meltdown and rising interest rates have flooded the news and cooled down the Bay Area market, but what does this really mean? How bad will the market get? Recent data shows this slower market is great if you're a home seller but not so great if you're a homebuyer. However, it's important to remember that these trends could reverse themselves in the future and that the housing market is still relatively strong overall. If you're thinking about buying a home, you should act sooner rather than later before prices start falling further. In this video, we're helping you understand what these conditions mean for your market and how to navigate them as a buyer or seller in 2022.