Welcome to August!  
This weather is...nice, like really nice, more please.

My new listing last week got off to a cold start.  We held an open house on Saturday and Sunday, and both were slow.  This lines up with what I am seeing and hearing across the board.  I heard reports of other slow open houses on Saturday.  My email search updates have dried up as well.  While this is not an indicator, it does give me a bit of insight of the local activity.  New listings have hit the snooze button, as well as buyers.  We are coming into a bit of a lull period as August begins.  August brings school back and summer vacation wind down.  This doesn't mean the market stops.  In fact, it's still my opinion that it's a really good time to find deals for serious buyers while the competition remains lethargic.
We are in the middle of a major week of economic news.  We have job reports, PCE, the FOMC meeting and major earning reports.  Three of the four can help mortgage rates, so let's see what happens by Friday.

Another new listing hits the market for me tomorrow, 3220 Portsmouth Dr, Rancho Cordova, CA.  This home is smaller than last weeks, but very much move-in ready on a larger size corner lot.  Due to the market I described above, we are setting the price more attractively to grab as many eyes as possible.  I'll be interested to see the activity this weekend.  It's the first weekend of the month and everyone feels good when the new month comes and direct deposits hit the account.
If you know of anyone seriously looking to make a home purchase, give them my number to reach out directly for a private viewing.

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