Another important CPI report coming out today.  This should be a 10yr yields mover, and thus our beloved 30yr mortgage rates will be directly affected.  I'm very interested to see the reading and reaction as we are already hovering at the upper bounds of what I'm comfortable with for the 10 yr yield.  We are hovering at these higher levels as the job reports that came out last week continue to reflect a strong-ish labor market.  However, under the hood there is continuing signs of wage growth cooling.  If wage wage growth were to increase then that puts more money in pockets allowing for more spending, and thus demand.  I have no doubt mortgage rates would be 8% or higher if wage growth wasn't showing its hand on the cooler end.
On the housing market side in Sacramento County, we are continuing to see some more houses come on the market with over 1,100 Single Family Homes currently listed.  A 35% increase from this time last year.  Buyers are getting into contract, but actual closed sales are just kind of dragging along.  A buyer client of mine was probably one of those statistics where we got into contract (Pending Sale), but didn't complete the transaction (Closed Sale).  We were able to get back into contract on a different property, but it has yet to be finalized.  This particular sale is looking much more promising, and we hope to wrap things up next Wednesday.


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

Welcome to 7904 East Parkway, where suburban charm meets modern comfort. Boasting over 1,700 square feet of living space, this home offers both style and functionality. Appreciate a well-designed ample driveway, then step inside to discover a spacious interior featuring 5 bedrooms and 3 full bathrooms. Versatility is key in this home, with two master suites offering flexibility for guests, home offices, or multigenerational living. Ascend to the converted attic, where a private bedroom and loft await, providing a secluded retreat ideal for relaxation or creative pursuits. Throughout the home, you'll find a blend of premium flooring including wood, vinyl, tile, and a bathroom skylight offering durability and style in equal measure. Venture outside, where a charming cedar wood covered patio awaits. Complete with a refreshing misting system, this expansive yard is perfect for alfresco dining or simply unwinding in the fresh air. Dive into your built-in pool, recently replastered and impeccably maintained, and start enjoying leisure and entertainment this summer! **Square footage does not include attic conversion. Buyer to verify whole house square footage**

  Listed at $499,000 by Chantel Hernandez - GUIDE Real Estate
7904 East Pkwy, Sacramento, CA 95823

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

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