We had big news to end the week last Friday with the Non-Farm Payroll jobs report.  August jobs came in at only +22,000, and it also included a revision to jobs in June showing a negative print!  The job market is weak, but not broken.  So, the Fed is no doubt cutting rates next week, and the question now becomes by .25 or .50?  The only thing in the way is a surprise higher in CPI inflation later this week.  We'll see how things shake out.
Pending listings are still hitting my daily summary.  We'll need to see what mortgage applications looks like this week with rates making an attempt to hit the 5s.  The last three weeks have been consecutive very small negative numbers, so this week's number should be telling for buyer appetite.
Open Houses were dead this week, at least for my listing in Rancho Cordova and from others I checked in with around Sacramento.  Interesting to me because at the same time private showings for my listings have picked up.  Buyers remain picky.
Preparation is key, if you know someone that has any thoughts of buying, I highly encourage them to seek a mortgage broker to get the process started.  This Fall is setting up to be one for the books either way.
 

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com

Located in the heart of the Med Center neighborhood, just blocks from UC Davis Medical Center, this 1921 Craftsman bungalow is full of vintage charm and modern comfort. Featuring 2 bedrooms and 1 bath, the home welcomes you with a spacious front porch and a charming entry with built-in storage. Inside, enjoy hardwood floors, a cozy fireplace in the living room, and a separate dining room with traditional wainscoting and a built-in buffet. The main bedroom offers wall-to-wall built-ins and dual window-seat nooks. The spacious bathroom features a marble countertop, while the kitchen blends modern upgrades with vintage touches, including a stunning antique Wedgewood range and floor-to-ceiling pantry storage. The xeriscaped front and back yards are low-maintenance, with mature trees providing a serene canopy over the tranquil backyard entertaining area, complete with a newer hot tub for stargazing. Alley access leads to a 2-car garage, perfect for a future ADU or workspace. Also included is an indoor laundry area and a basement for additional storage. Located in one of Sacramento's most sought after neighborhoods, close to Midtown/Downtown, easy freeway access, restaurants, shopping and more, come see what 41st Street has to offer!

  Listed at $620,000 by Sara Muir - GUIDE Real Estate
2474 41st ST, Sacramento, CA 95817

Know someone who may be interested? Let me know at paul@guiderealestate.com

*These rates are courtesy of Dara Delgado - Home Loans*