Sacramento Market Update 1.10.2024

by Paul Peletta

 
 
Locally, we haven't started the year off with a bang in new listings and sales volume, but that was never the expectation.  The expectation is for a strong SPRING season.  Nationally things have started off well with price reductions starting the year much lower.  This means sellers are feeling the demand, and don't believe they need to lower their price in order to sell.  Altos Research, a real estate data company, is predicting a 15% increase in home sales growth in 2024.  Keep in mind, we are working from three years of very low levels, nonetheless, growth is growth and 15% ain't nothin'.  I, for one, am very much looking forward to it.  I'd like to see more sales, more activity, more interest, more helping of others, more pursuit of the right house and the quick sale for most money.  Mortgage rates will be key.  CPI data comes out tomorrow.  The first release of the new year, which could provide a decent move in either direction for the 10yr treasury yield, thus our beloved 30yr mortgage rates.  Let's see!  

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

Listing Highlight

Welcome to this charming Plumas Lake home. This home boasts a spacious and well-designed layout with 4 BDRM + Loft & 3 baths providing ample space for your family's needs. The 1st floor has a comfortable and versatile BDRM & full bath. Also a living room, family room and dining room, allowing you to create cherished memories with loved ones. The property has recently undergone updates, including brand new LVP flooring throughout the downstairs area, a fresh coat of paint to infuse a sense of brightness, a newer HVAC system, and a newly landscaped front/back yard to enhance its curb appeal. Embrace the outdoor lifestyle with a backyard that includes a large patio, perfect for hosting gatherings and enjoying delightful BBQs with friends and family. The spacious side access accommodates a small boat or trailer, offering a great advantage for outdoor enthusiasts. This home enjoys the benefits of a wonderful community and proximity to amenities, schools and parks. No HOA. Don't miss this rare opportunity to own a spacious beautiful move-in ready home. Make this house your dream home and create a lifetime of cherished memories!

  Listed at $585,000 by Dmitriy Romanyuk - GUIDE Real Estate
1993 Branding Iron WAY, Plumas Lake, CA 95961

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

Interest Rate Update

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

Article of the Week

Trends

 

5 Tasks Every Homeowner Should Do in January
 

Search

GET IN TOUCH

Name
Phone*
Message