A few things this week.  We have the market update stats below that came in for February.  A couple things there.  Due to demand here in Sacramento, we were effectively neutral on supply throughout the month.  Pending and Closed sales increased as buyers gobbled up well priced new listings or some older on market homes for sale.  Buyers waiting for supply to outweigh demand just aren't getting it at this time, and that's as we head into the most active time of the home buying season.
We have a pretty big FOMC meeting later today.  While cuts to interest rates are not expected, the language Mr. Powell decides to use will be very important.  I'll be listening in and watching closely.  Of course, I'll also be watching the reactions in the 10yr treasury yield.  As we know, that closely runs with our beloved 30yr mortgage rates.

Some big news came out last week regarding the ongoing commission lawsuits in the real estate industry.  The headlines are full of misinformation and drama.  The news will definitely change the industry, and I expect a lot of agents and other industry professionals to throw in the towel.  Not me.  I will embrace any change that comes.  My business already operated on transparency, conversation and relationships.  So, for me, nothing really changes.  Funny how that works.  If you have any questions whatsoever, please reach out.

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