The Sacramento / Stockton area real estate market saw another drop in the available inventory and a drop in pending sales. However, the median list price rose again this week to $625,000. Mortgage rates remained flat at 6.62% More about FindingKevin and Real Estate Broker Kevin Goehring Kevin Goehring is an active real estate broker […]
The Sacramento / Stockton area real estate market once again experienced increasing prices with both the median list price and median sales price of homes increasing by roughly $10,000. The good news is that rates have continued to drop. Freddie Mac is reporting the average rate for a 30-year fixed rate mortgage is now 6.61%.
The Sacramento / Stockton area real estate market experienced both the median sales price and median list price increase this week. Last week I mentioned supply and demand along with decreasing rates could cause prices to stay high for some time. Rates dropped again down to 6.67%. This is the 9th straight week of decreasing […]
The Sacramento / Stockton area real estate market experienced a decline in the median sales price and median list price, which is good for buyers. However, available inventory also dropped, which means supply and demand issues are putting pressure to keep home prices up. Rates dropped below 7% and that could bring out more buyers, […]
The Sacramento / Stockton area real estate market saw a large drop in the median price this week while the median sales price is continuing to hover at about $550,000. The number of available homes is dropping rapidly but pending sales, although low, remain at about 2,000 a week. Mortgage rates dropped again to 7.08% […]
The Sacramento / Stockton area real estate market is showing signs of a return to normal as the number of available homes slowly climbs. In this episode I discuss both sides to the impending housing crash argument. In lending news, Adjustable Rate Mortgages (ARMs) are making a comeback; I discuss why Adjustable Rate Mortgages are […]