Patience pays.  After months of talking about what I wanted to see happen with inflation and unemployment, the main factors affecting the 10yr yield, we are finally starting to get the breakdown back to the Fed's target of 2% inflation.  In fact, we could already be there if it wasn't for the lagging data collection in the housing sector and how rents are reported.  The ride has been bumpy, and could certainly be turbulent, no, it will be turbulent in the months ahead with the election cycle kicking into high gear this summer.  Regardless, the labor market is showing signs of softness and inflation is coming down, all the signs we've been tracking to get these pesky 30yr mortgage rates down to more reasonable levels are rearing their heads.  With all that said, the Fed's main inflation gauge is coming up on Friday, the PCE report (personal consumption expenditures).  Let's see if we see continued downward movement.

Keeping with the theme of patience, home sales have been really slow, that includes me personally.  Does that mean I should be relaxing or changing my efforts?  No!  I should be doubling down on my efforts and staying in contact with my clients that I know are close.  Well, after a few listings earlier this year, and 1 buyer, we can now add two more buyers to the escrow list.  Let the fun begin as we traverse the timeline making the transaction as smooth as possible until they get to the keys to their new homes.
One of the homes is an absolute stunner, newer built home with $250,000 in upgrades in the Turkey Creek 55+ development in Lincoln, CA.
The most recent home is a recently updated home with a pool in the La Riviera neighborhood.  This home pretty much hits all the marks, and we got into contract $6,000 less even after a previous $10k price reduction.  Super excited for both clients!


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