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Sacramento Market Update 3.15.2023

    Whoa, what a way to end the week last week.  I assume you saw the news of the largest bank since 2008 to collapse, Silicon Valley Bank (SVB).  The purpose of this newsletter isn't to discuss hot news, but this news does and has affected the real estate market.  Since the bank failure, the 10 yea

Sacramento Market Update 3.08.2023

    I wish I could show you the email alerts I get throughout the day.  Everyday more homes are going pending despite interest rates near 7%.  Yes, most of the action is happening on homes priced below $550,000, but can you imagine what that means when rates drop back below 6.5, 6.25, 6%? (See the m

Sacramento Market Update 3.1.2023

    Welcome to March!  I have a few points on my mind this week.  There's been a lot of data to digest, so here we go.  A really important first point is that FHA loans will be changing a bit starting on March 20th.  The MIP (Mortgage Insurance Premium) will be reduced by 0.3% of the total loan amou