Sacramento Weekly Market Update

Sacramento Market Update 3.27.2024

View this email in your browser     We got a nice move in the 10yr yield last week after Mr. Powell's press conference.  I think the market expected him to be more hawkish then he was, and instead pretty much stuck with what he's been saying since the year began.  He expects to cut rates three times

Sacramento Market Update 3.20.2024

View this email in your browser     A few things this week.  We have the market update stats below that came in for February.  A couple things there.  Due to demand here in Sacramento, we were effectively neutral on supply throughout the month.  Pending and Closed sales increased as buyers gobbled u

Sacramento Market Update 3/13/2024

View this email in your browser     We got blessed with a tiny tick down in mortgage rates last week.  That move coincides with the first positive increase in purchase applications in six weeks.  Purchase demand remains sensitive to the movement of rates, rightfully so as supply refuses to budge kee