Prices went up & worst volume ever - Sacramento Appraisal Blog | Real Estate Appraiser

Abstract

Did prices really go up in February? What's happening in this market? Today I have a few things on my mind. ADVICE: For friends who work in real estate, my advice is to focus on the part of the market that IS happening rather than the part that isn't. Find buyers and sellers who have incentive to participate in today's market. 4) THE HOUSING MARKET IS LIKE A HOT POCKET Do you see that orange line? Those are monthly sales in 2023, and we're starting to see an increase in closed sales. A good way to describe the housing market at the moment is heating up for the spring, but also still frozen. 5) PAY ATTENTION TO RATES & FHA LOANS: RATES: Mortgage rates have risen this month, and that's taken some heat and affordability out of the market. MARKET STATS: I'll have lots of market stats out this week on my social channels, so watch Twitter, Instagram, LinkedIn, and Facebook.