A bit of whiplash to start the month over this past weekend.  Bitcoin and Ethereum got hammered.  January 30th saw the biggest drop in precious metals in one day.  A day before President Trump nominated a new Fed Chairman to take over in May, Kevin Warsh.  A Kevin Warsh nomination years ago might have sent the 10yr yield into the stratosphere.  Instead, the 10yr yield made a move higher and then came back down hovering in the 4.25% range as I type.  All of this to say mortgage rates are completely unbothered as we step into February.  A very pleasant sign for loan officers, agents and homebuyers.
Across the Sacramento landscape homes are coming back onto the market and promptly getting scooped up.  Well priced homes, and/or well prepped homes are getting multiple offers according to agents at our Guide masterminds.  Spring may be arriving earlier for the real estate market despite Punxsutawney Phil seeing his shadow on Monday.
Buyers or sellers, if not already prepared, should get moving rapidly.

My buddy Jason has been having some fun playing around with ChatGPT.  Let me know what you think.

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