Market update week and the numbers are showing a continued steady activity in home sales in Sacramento County.  The numbers are final from March to April.  New listings are up, pending sales are up, closed sales are keeping pace.  Here is an interesting number to keep on watch, Days On Market (DOM) came down by a whole week from 25 DOM to 18 DOM.  That's a significant jump.  This continues to highlight that there is enough buyer demand despite interest rates to keep the market moving along.  Speaking of mortgage rates, we got some really nice downward action last week.  I'd love for that to continue, but once again we have market moving economic data being released today.  CPI (Consumer Price Index) for the month of April should provide some fireworks.  After reading this newsletter take a look at the 10yr bond yield that we like to track here.  Ideally, we'd like to see a number below 4.39%.  This could invite 30yr mortgage rates back into the high 6% range.  If that happens the summer market should be a scorcher.  Let's see!

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