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March Madness is even nearer—can you feel it? 🏀
The markets have been on a bit of a rollercoaster lately. We saw some "whipsaw" action to start the week; stocks took a hard dip on Monday morning but managed to recover (and then some) by the afternoon. Oil prices also skyrocketed over the weekend due to the news in Iran but have since settled back down to a much more palatable number.
Even the 10-year yield "flashed its fangs" early in the week, but that has become more reasonable as well. Through all that noise, mortgage rates have managed to stay steady. They are slightly higher than they were a few days ago, but nothing detrimental to our Spring season momentum. We love to see it!
Irrational rate hikes would definitely throw a wrench into the works, but for now, we remain rational. The plan: Be proactive and keep monitoring the outside noise.
📍 Listing Highlight: Laguna West, Elk Grove
This Thursday, I am officially launching my first listing of the year in the highly sought-after Laguna West neighborhood of Elk Grove.
If you know the area, you know listings with lake frontage are few and far between. We expect a lot of activity on this one because we didn’t just put a sign in the yard—we followed the system:
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The Prep: We cleared out the property, added fresh interior paint, and installed new carpet throughout.
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The Strategy: We performed pre-inspections to provide to potential buyers upfront. This eliminates surprises, sets clear expectations, and leads to much smoother offers ideally.
I am excited to see the response this weekend. If you know someone looking for a home with a waterfront view in the 95758, have them reach out!
See everyone next week
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