Sacramento Market Update 5/08/2024

by Paul Peletta

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We got a nice move in the 10y yield last week with some follow through so far this week.  The 30y mortgage rate is inching back towards the low 7% range.  We had the FOMC meeting on Wednesday and a flurry of jobs data last week to get the ball rolling back in our favor.  Regardless of interest rates, up, down or sideways, well priced homes are getting into contract.  Everyday I open my email and my MLS hotlist, houses are flipping to pending sale.  It's imperative to be prepared if entering the market as a buyer.  If there is plans to sell a house coming up, it's incredibly important to talk with an agent sooner than later.  Planning is the essence to successful home selling and buying.

Are you a buyer in this market, or have plans to in the next 3, 6, 12 months?  Changes to how buyer's agents get paid are coming in July.  A contract between an agent and their client will be required.  If you have questions, reply to this email, text or call me.  I'll be covering this topic more in detail over the next few weeks.


What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com
Curious About Your Home's Current Value?
 

Listing Highlight

Welcome to 20 Dalby court- a one of a kind home with a quarter acre lot! Nestled in a serene and private court with beautiful mature landscaping, this home offers tons of charm and curb appeal. A freshly painted interior and brand new carpet throughout invites a turn key sale to make it your own. Upon entrance is a beautiful sunken formal living room with a cozy fireplace leading to the backyard. The home has three nice sized bedrooms, two full bathrooms, and an open concept kitchen and family room with tons of natural light. The primary suite features a sliding glass door out to the beautiful back patio and sparkling pool. The huge oasis of a backyard also features a large grass area, privacy, and a generously sized side area. This lovely property is conveniently located within minutes of schools, parks, restaurants, and shopping. Don't miss the opportunity to make this remarkable property yours!

  Listed at $498,800 by Caitlyn Cowles - GUIDE Real Estate
20 Dalby Ct, Sacramento, CA 95823

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

Interest Rate Update

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

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