Welcome to the fifth week edition!

We’ve officially hit that mid-year summer cooldown. Higher interest rates—climbing back closer to 7% (my preferred lender is sitting at 6.625% as of Monday)—have slowed buyer demand a bit.

Here is a quick look at where the Sacramento market stands compared to last month:

• 📉 Closed Sales: Down 21%

• 📉 Pending Sales: Down 12%

Don't let those numbers alarm you—this seasonal slowdown is completely normal for late July! As summer vacations wrap up and school tracks start back up in districts like Lodi, Elk Grove, and Sac City, both buyers and sellers will begin settling back into their routines for the second half of summer.

💡 What I’m Watching Today

The Federal Reserve (FOMC) meets later today to announce their latest interest rate decision and share commentary from Fed Chair Kevin Warsh. While they are widely expected to hold rates steady, everyone is paying close attention to their projections on inflation, jobs, and wage growth.

As always, I’ll be keeping a close eye on what this means for our local Sacramento market and will keep you posted.

See everyone in August!

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

To celebrate the fifth week of the month, I’m giving away a $50 gift card to your choice of one of these local favorites:

• 🌮 No Sabo Concheria & Drunken Tortilla

• 🥗 Buddha Bowls & Rolls

• 🍖 Buckhorn BBQ & Grill

How to enter:

1. Option A: Simply hit the Forward button below, send this newsletter to a friend or family member, and fill out the quick prompt!

2. Option B: Reply directly to this email with your referral's name and email address, and boom—you're entered!

I’ll be drawing and notifying the lucky winner over the weekend. Good luck!

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