I'll be listing my favorite house to date tomorrow, 4/18/2024.  One of my favorite couples, and a family I've helped with their real estate needs over the last few years is moving out of state.  Their home at 7616 Prescott Way in Sacramento has been impeccably maintained and updated throughout the years with many fun features like an office/den bonus room, pool, outdoor kitchen, multiple outdoor hangout areas and a primary suite with outdoor access.  It's the first time on the market in over 30+ years, this is one you'll want to share with any family or friends looking to buy under $500,000!  Respond directly to this email if you have anyone in mind.

On to the local market, we are beginning to see more and more listings just as we wanted.  However, we are also seeing a rise in mortgage rates due to economic inflation data plateauing at current levels instead of continuing it's downward descent.  This means buyers are getting only 1 out of 2 of our buyer wish list.  In the market update below that shows month over month numbers, active listings are growing, providing more shopping options.  This could be related to the higher rates we've been seeing as higher rates can eliminate a certain set of buyers and mispriced homes sit for an extended period.   This is interesting as pending sales are keeping pace nicely up 28% from February.   Overall, the market is more active.  We discussed this repeatedly for the last four months.  Spring is home shopping season, plain and simple.  Can we just get these mortgage rates to act nice meow?

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