Who is buying in today’s housing market? - Sacramento Appraisal Blog | Real Estate Appraiser
Who is buying in today’s housing market? - Sacramento Appraisal Blog | Real Estate Appraiser
Abstract
The goal today is to offer a glimpse into current buyers. This isn’t a full picture because we’re still at the beginning of change. We’ve seen a dip in sales volume at every single price point. The median price in the Sacramento region in September is $569,000 for reference, and what happens at lower prices can affect price metrics too. In short, the bulk of sales right now.
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10/07/22 Market update with SAR (9am-10:15am Sign up here)
10/11/22 Folsom MLS Meeting (9:15am)
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The housing market went from steaming to stagnant a few months ago, and now it seems to be slowing down a bit. Now that some time has passed, we’re getting more stats, so let’s crunch some numbers to show what’s happening with sales volume. By the way, I have a free download if you want to make charts like this. UPCOMING (PUBLIC) SPEAKING GIGS:
9/08/22 SAFE CU “Stats & Mimosas” (sold out)
9/15/22 Market update in Midtown (details TBD)
10/07/22 Market update with SAR (Sign up here ?...
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I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film. Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. And some buyers are stuck in the future, anticipating lower prices ahead, and therefore expecting to score a deal below what the market will allow. Tension is real: The tension between buyers and sellers is real, but the remedy is simple. Pay attentio...
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10/07/22 Market update with SAR (Sign up here – On Zoom)
10/13/22 Market update in Midtown (12-2pm Sign up here)
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From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. I like to get multiple perspectives on what is happening and in order to do that I review stats from multiple sources such as the Greater Alabama MLS, Redfin, and Altos Research to name a few. A lot of time the actual numbers from these sources may vary slightly, however, the general market trends ...
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Are you looking for a new home in Sacramento this year? This west coast city has experienced steady growth over the last decade and is expected to grow at a similar rate in the next few years. In fact, according to the U.S. Census Bureau, the population of Sacramento County grew by 2.2% between 2010 and 2016. As a result, the number of households in the area increased by 3.4%. Sacramento real estate prices have been rising steadily since 2008 and the housing market is hot. According to the lates...
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted.
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted.
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Let's explore second homes, short-term rentals, and the mortgage details you’ll need to know when it comes to buying a second home. Arizona REALTOR® Sindy Ready joins us to discuss how higher mortgage rates are affecting second home sales, while Michigan REALTOR® Beth Foley talks about the second home market in her area, and explains the rules of owning an Airbnb, Vrbo, or HomeAway properties. Last, but not least, we’ll reveal what’s HOT in smart-home tech with Melissa Dittmann Tracey.