![]() ![]() Watch ABC7's "Midday Live" every weekday at 11 a.m., right after "The View." You can also stream it live or watch it on the ABC7 News App. de 2021 Who is this housing list intended for a. They've seen a hit and haven't seen the appreciation that singe-family homes have had. com Bay Area Housing Internship Program (BAHIP) Through hands-on experience. "People don't want to share elevators and hallways with all of their neighbors when breathing the same air as them can give you COVID," Struzyna said. Struzyna says condos are taking a major hit and there's a much smaller buyer pool compared to single-family homes. If you do that and you price it effectively you will get attention and you will get offers." What's going on with the condo market? "You have to grab people's attention when they scroll through. "We're in an Instagram three-second world," Struzyna said. ![]() If you're struggling to come up with the 20% down payment and you aren't sure about what you really want, you may have to be patient until some of the "heat" comes off the market. If you know you need to buy that house you'll be in for 10 or more years, it's a good time to buy. "If you're clear, you can strike gold," Struzyna said. However, be aware because there are still listings that get mismanaged and still opportunities out there. He says know what's in your budget and be patient, it may take a couple of months for cash-heavy buyers to exhaust themselves. "Simply put, it is not the time to just casually shop." Factors include space for your pets, space to work from home, space for your in-laws, etc. "You have to get really clear on what it is you want out of a home," Struzyna said. Most economists believe that a real estate market crisis or collapse will not occur in 2021 or. It's hard to take an anecdote and apply it to an entire market, but Struzyna says this has not been out of the ordinary. Welcome to our first Bay Area Housing Market Update of 2021. As of Q1 2023, the homeownership rate is a high 65. ![]() They were one of 16 offers and they went about $50,000 over the best comp in the area. The homeownership rate in Sacramento County varies greatly each quarter, though the general trend was flat-to-down for over a decade until homeownership began to jump dramatically from quarter-to-quarter in 2017. He says he just had a buyer write an offer for a property in Albany. "I'm seeing people spend huge amounts of money above the comps." "A bubble generally is exuberant spending," Struzyna said. Struzyna says it's because there's just a lack of inventory. The COVID-19 pandemic has pushed a lot of rules out the door so we caught up with Struzyna to get his opinion on the state of real estate in the Bay Area.īy now, you've probably heard a story or two about a growing number of people moving out, but at the same time it's still difficult to find affordable housing. SAN FRANCISCO (KGO) - "This market has people ripping their hair out" is how Bay Area real estate agent Hans Struzyna started his conversation with ABC7 news anchor Reggie Aqui. Here's a quick guide of the Bay Area real estate market for buyers, sellers, and everyone in-between. ![]()
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