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Let the Golden Era begin!
Well, at least that's the wish of President Trump. I hope he's right, but I imagine there will be some turbulence first, especially within the first 90 days as we signs and enacts his orders. There will need to be an adjustment. An interesting order he signed was emergency price relief on housing. As of now, it is unclear where the relief will come. Does he mean interest rates? Cutting regulation to build more supply? TBD. Of course, I'll be on the watch for you.
As of Tuesday, we are seeing a further decline in the 10yr yield which should be a catalyst for lower mortgage rates. I haven't seen any significant changes. Tomorrow is the follow up number to purchase applications after last week's positive increase of 33%! Locally, the new year so far has seen 9% of homes be relisted, 6% increase in prices, and price decreases have fallen to 29%. As of now, this tells me sellers are feeling confident in the market. Spring season doesn't typically start until mid-March, so let's see how it plays out.
My first friend/family/client event of the year is here! Grateful for YOU with every PIZZA MY HEART. If you are on your way home from work or free to come by on February 13th I would love for you to stop by our East Sac office. I will be providing anyone that can make it 1 heart-shaped take-and-bake pizza plus a sweet treat on me! We will also have snacks and drinks to hang out for a bit before dinner. Please click the image below to be sent to my RSVP form by 1/31.
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