A big week of economic data.  Yesterday we had the CPI numbers come out.  Later today we have the FOMC, Federal Reserve rate decision and press conference.  Tomorrow we will get jobless claims and retail sale numbers, along with housing starts on Friday.  The expectation later today is for the Fed Funds rate to be held steady.  The growth rate of jobs is slowing down, hourly wage growth is slowing down, and the growth rate of inflation is slowing too.  This should provide some more downward pressure on the 10yr treasury yield, and thus a positive impact on our beloved 30yr mortgage rates.  We briefly touched below 7% last week, and we are right there again as of Monday (see below).  I've been mentioning for multiple weeks now we want to see duration.  We want duration so that both potential sellers and buyers become comfortable with the state of the market, trusting that prices and rates won't whipsaw on them from one day to the next.  This is key.  It's hard to make a major life and financial decision with numbers and payments jumping around every other day.  Duration and low volatility is what I want to see moving forward.

We are headed into 2024, if you own a home and have a question about it's current market value, reply to this email and I'd be happy to run a CMA for you.

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

Boasting one of the largest floor plans in Capital Estates this 4,776sf new construction home is privately located at the end of a cul-de-sac. This versatile floor plan lives like a single-story home with 4 bedrooms, 3.5 baths, a gourmet kitchen, butler's pantry and mud room on the main level. Upstairs features 1,416sf of flex space with a full bath. Have you been dreaming of a large media room, playroom, theater, gym, or large home office? This is your opportunity! Use the space to add more bedrooms or even turn it into a luxurious second master suite. In addition, this space is plumbed for a second kitchen or wet bar - perfect for multi-generational living. Have lots of cars or toys? With garage space at almost 2,000sf, 49' deep on one side and 10' high ceilings you can fit up to 9 cars or share the space with a boat or other rec vehicles. Exterior features include an outdoor half bath, expansive loggia and inviting courtyard, all on an acre of flat land, hooked up to the City's utilities. This unique community has the feel of a neighborhood surrounded by rural properties -all within 10 minutes of Downtown. Located within biking distance to local shopping, schools, parks, the levee, multiple picturesque biking and running trails and award-winning wineries.

  Listed at $1,995,000 by Olivia Barrett - GUIDE Real Estate
3100 S Beltrami Ct, West Sacramento, CA 95691

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

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