Modern valuation techniques, which use technology, data and analytics are allowing lenders, borrowers, and investors a more efficient process for successfully closing transactions. This allows a financed buyer the opportunity to compete against all cash offers and to do so at lower costs. If you’re looking to purchase a home, then I encourage you to reach out to me so we can begin the home search together.
Read MoreFor the first time in recent memory, our local real estate market did not experience a slow down over the winter. The limited inventory of available homes ensured that prices continued to climb and days on the market remained brief.
Read MoreI decided to write about Kelman’s outlook because I agree with a lot of what he had to say. What he described on the national stage is what I’m seeing here locally in Sacramento. The incredibly low interest rates, which as of this morning were at 2.5% for conventional and 2.25% for FHA, make right now a really good time to buy your first home or your forever home. The incredibly low rates also make it a really good time to invest in 2-4 unit residential income properties. But the stiff competition in the market for single family homes has caused me to personally take a step back from buying / investing in those as rentals.
Read MoreAs we near the end of this challenging year, many areas continue to experience a real estate inventory shortage and interest rates remain at record lows.
Read MoreToday the stock market improved significantly thanks in large part to news that a potential vaccine by Moderna is the latest to show promise against the virus. The Dow Jones Industrial Average increased by over 900 points, or 3.9%. The S&P gained 3.2% today and the NASDAQ improved by 2.4% as well. In short, the stock market experienced its best day in over a month. Another catalyst to today’s stock rally were comments by the Federal Reserve Chairman Jerome Powell who said in a 60 Minutes interview that “there’s a lot more we can do” to help the economy.
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