June 14, 2022
June 2022 Macroeconomic Update
By Compass & Shannon Hughes
"Is the market starting to cool, and what does that mean for me"? "Is now a good time to buy or sell"? "How much is my home worth"? ... These are just a few client questions I've heard recently. While responses vary from source to source, region to region, and situation to situation, it's important to stay apprised of market changes and potentially impactful factors when thinking about buying or selling.
In real estate, I've learned that timing is everything; today's deals aren't guaranteed tomorrow. And having an agent you can trust with in-depth local real estate knowledge is even more meaningful today.
Below are some insightful slides from Compass that help shed some light on long-term interest rate trends, stock market fluctuations, long-term inflation, Bay Area home price appreciation, and more.
Another fantastic resource with a national lens is the monthly report on the health of the nation's housing market from the Office of Policy Development and Research (PD&R). Here is a direct link to huduser.gov, where you can view the May 2022 report.
If you have any questions or want to talk more about local market trends, please don't hesitate to reach out. I'd be happy to grab a coffee or chat via phone.
Want to learn more about Bay Area market trends?
Let’s connect! With relationships and networks across the city, there are a variety of ways I can help you make informed real estate decisions. Call, email, or text – I’m here to help.