There seems to be a lot of uncertainty when it comes to the Bay Area housing market and I’ve noticed quite a few people are predicting a total market crash! “Look what’s happened recently with the stock market for example,” many speculators point out. But, will that actually happen with the real estate market?
I found this video quite intriguing, (and concur with it’s data and findings), as it breaks down the psychology associated with the 2008/2009 housing crash, rising interest rates in our current market, and the speculated wave of foreclosures that some are predicting as a result of the Covid mortgage forbearance program, under the CARES Act, which ended last year.
Check it out and hopefully this will shed some light on whether a housing market crash is imminent in the Bay Area, (and nationally), here in the near future. If you have any further questions, or would simply like to comment on this, please feel free to call, text, or email me anytime!