Despite rising interest rates and global trade challenges, Berkeley's real estate market remains resilient. Sellers are achieving strong sales while buyers adapt their strategies instead of retreating. According to Compass broker Megan Micco, Berkeley's market is partially insulated from broader economic pressures, which has led to unique outcomes. A significant divide is forming in the housing market: homeowners with low mortgage rates are less inclined to sell, while those needing to move are willing to take on higher rates for the long-term benefits of Berkeley real estate.
Despite financial uncertainties, local home sellers in Berkeley are achieving strong results as buyers adapt rather than retreat.
The Berkeley market remains somewhat insulated from broader economic forces, showcasing its unique resilience amidst global challenges.
Investors are increasingly wary of the U.S. fiscal outlook, impacting their traditional safe haven choices during uncertain times.
High mortgage rates have contributed to a market bifurcation, where most homeowners with ultra-low rates stay put but others are moving out.
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