Discussions about the housing market are always a hot topic. Here in the Bay Area, the housing market has been interesting, to say the least! Local reports say that since August of 2023, home prices are back on the rise after a 14-month decline, the longest period since 2012. And yet demand is still high, with some homes selling within just nine days of being on the market and interest rates hitting around 7% at the time of recording this episode. Many people panic over interest rates, but if we look at it from a historical perspective, it’s still historically low.

“The market supply is still low, and demand is still high, but interest rates have been challenging. Lately, we’ve seen some buyers back off as rates surpass 7%, while others are back and jumping into the game. It’s also interesting to see how fast homes sell in some locations. We had a house in San Ramon sell in nine days, and another in San Francisco, in the Richmond District, that went with 12 offers in about 12 days.”

Whether you’re looking to buy or sell, navigating the current market can seem challenging. How do you know if it’s the right time or if you’re making a smart move? Fortunately, it’s not all doom and gloom, and we have esteemed real estate expert Nathan Jines to help. Nathan holds an incredible reputation in the Bay Area for his commitment to excellence as a Broker Associate. Furthermore, he’s earned a master’s degree in education, has a deep passion for community service, with over two decades of Pastoral work, and is a Harvard School of Business-Certified Expert in the Mastery of Negotiation. Plus, his family has been in the real estate business since the 1800s. It’s safe to say you’ll definitely want him on your team!

Join us for this episode of A Place of Possibility as we discuss:

• What the current real estate climate is like in the Bay Area
• Why investing in real estate is a smart long-term strategy
• How to get the most out of selling your home
• Things to consider as a home buyer 
• How to navigate the market regarding interest rates

And much more!

We hope this episode answers your questions and gives you the insights to make your next smart real estate move. We learned a lot by sitting down with Nathan; we know you will, too. So, tune in for incredible insights, advice, and stories you don’t want to miss!