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Sacramento Market Update 7.19.2023

    CPI and PPI came to save the day late last week.  The numbers show inflation is continuing its downtrend.  The 10yr yield that we discussed last week very quickly retreated from it's recent highs over 4%, and the 30yr mortgage rate followed along with it.  Mortgage rates dropped from 7.35% last

Sacramento Market Update 7.12.2023

    I mentioned last week was packed with lots of economic jobs data.  The data that came out could be confusing and it definitely affected the bond market, which as a reader of this newsletter, we know to watch the 10yr bond yield.  The 10yr bond yield is closely tied to the 30yr mortgage rate.  As

Sacramento Market Update 7.5.2023

    Welcome to July, friends. I hope you had an awesome and safe 4th of July - Independence Day! Well, nationally, we've officially gone negative on inventory YoY as of this week.  There were only 5,000 new active homes last week in the whole nation. Bonkers.  There was 30,000 this same time last ye