We got the moves in interest rates we were looking for to the downside. Is there more room to go? I sure hope so, but it's hard to tell with this ongoing banking crisis. We'll need to keep a watch on how that dust settles before we can really assess where we can go from here. There's just so much volatility in the bond markets right now, and that 10yr bond yield is what I watch, as it closely affects the moves of our beloved 30yr mortgage rates. Housing Starts and Permits did have a tick up last week which surprised a lot of people in the New Construction world. Maybe they are anticipating something...lower rates possibly? New listings did tick up nationally, as well as home purchase applications. Let's see if this data continue amongst all the bank fears. On the local side, the readings from Altos Research continues to show a sellers market regaining its strength. The historically low inventory and the well-priced homes flying off the shelves continue to move us back in that direction. If you are thinking of buying or selling send me a message, so we can start game planning. I have a new listing going live tomorrow! This one is located at 4596 Cedarwood Way, Sacramento, CA 95823 in the greater Parkway neighborhood. It is ideally suited for handy homeowners or investors. 3 bed 2 bath 1,232 sq ft Will need to be updated throughout, but has hardwood floors hiding underneath the carpet and some practical updates including new 2020 electrical box, 2018 HVAC, and a 12 year old roof. Pre-inspections can be provided upon request or via MLS. Sold As-Is $350,000. What are you seeing or hearing? I'd love to know paul@guiderealestate.com |
