Sacramento Weekly Market Update

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

Sacramento Market Update 2.22.2023

    What a difference a week makes.  As I mentioned last week, the CPI report could change things for better or worse.  They didn't get better, but it remains to be seen how much buyer demand will change.  We shall see.  Mortgage rates are back close to 7% again.  This is not ideal to maintain the m