Welcome to November!

I am writing this on Monday.  I'm looking forward to getting through Tuesday and hopefully moving beyond the election without too much back and forth on results.  Historically, financial markets move favorably regardless of who wins unless there's a clean sweep for one party or there is extended uncertainty of the final results. 
There's been a lot of people talking about waiting for the election to pass before getting back into the process of buying or selling.  I'm interested to see what the lag is on that front, so obviously I'll be watching for signs and signals.  Inventory continues to rise as more homes sit on the market longer.  We are now at 35  median DOM (days on market) across Sacramento County.  The market action index has dipped and now hovers at a score of 50.  This is still indicative of a strong sellers market, however, I will continue to make the call that now could be a great opportunity for shrewd buyers that are okay with current rates and monthly payments.  I saw a video on Friday last week by Barbara Corcoran, the famed founder of her own real estate firm and Shark Tank business investor/advisor.  She was speaking on the opportunity within the market right now as everyone sits on the sidelines.  If everyone is sitting on the sideline because of this reason or that reason...well, that means there is little to no competition right now.  I have been talking about this for months now.  If Barbara and I are seeing eye to eye, well, I guess you have a really good free newsletter being sent to your inbox every Wednesday morning.  I digress.

My family and I will be going on our annual trip to Santa Cruz this weekend.  We are going up Friday afternoon.  I was able to grab a reservation at Shawdowbrook Restaurant in Capitola.  If you haven't heard of it, it's the one that requires a tram to get down into the restaurant.  Check it out on IG here.  If you have heard of it, and if you've been, I would love to hear about your experience and your advice on what to order before Friday.  Cheers!
 

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