Sacramento Shines for First Homes and Forever Homes

I 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.

Mark DelgadoDecember 7, 2020Sacramento CA, Sacramento California, Sacramento Real Estate, Sacramento Homes, Northern California, California, Mark Delgado, Mark Delgado Realtor, Mark Delgado Real Estate, Coldwell Banker, Coldwell Banker Realty, first time home buyer, first home, forever home

Consider Listing Your Home During the Winter Months

As 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.

Mark DelgadoDecember 3, 2020Mark Delgado, Mark Delgado Realtor, Mark Delgado Real Estate, Coldwell Banker, Coldwell Banker Realty, California, Northern California, Sacramento, Sacramento Homes, Sacramento Real Estate, Realtor

What Makes Now a Great Time to Sell

Home values are up, interest rates are down, and your neighborhood is highly sought after. Any one of these factors could lead a home owner to consider selling. With so many contributing factors working in concert, they have created a great real estate market and sellers are taking advantage of it. As the air gets crisp, the leaves start to change their colors, and kids are back in school (sort of) is now still a great time to sell?

Mark DelgadoOctober 22, 2020sacramento real estate, california real estate, northern california real estate, east sacramento homes, sacramento homes, real estate for sale, forever home, Mark Delgado Real Estate, Coldwell Banker Realty

U.S. Housing Market Among Quickest Sectors to Recover

Sales of existing homes has skyrocketed in July and rose 24.7 percent across the country from June to July and 8.7 percent since July 2019. The national median sales price of existing homes has also risen - it is up 8.5 percent from July 2019 at $304,100. This is the first time ever that the national median sales price of existing homes has surpassed $300,000.

Mark DelgadoAugust 21, 2020Housing Market, Housing Boom, Real Estate, Existing Home Sales, sacramento real estate, California Real Estate, Mark Delgado, Mark Delgado Real Estate

Real Estate Office Activity in East Sacramento

Looking at the broad picture, in 2019 there were 96 homes sold through June 15th. That represented a little more than $66.6 million dollars worth of real estate. Numbers for this year show an 8.33% reduction in how many homes have sold (88 year-to-date) and those sales represent a 4% reduction in dollars volume ($66,606,163 in 2019 vs. $63,999,183 in 2020).

Mark DelgadoJune 16, 2020real estate sales, east sacramento real estate, coldwell banker sacramento metro, Mark Delgado Real Estate

Homes Sold and Their Average Sales Price in Sacramento

After reading the national numbers posted by CoreLogic, I spent time reviewing our local Sacramento area numbers. The data shows us that since March when the stay-at-home orders began, sellers have slowed the supply side significantly. The unemployment rate for Sacramento County was at 14.7% in April. And yet there is so much pent-up buyer demand that sales prices have continued to climb higher.

Mark DelgadoJune 7, 2020Sacramento Home Sales, Sacramento Home Values, Mark Delgado Real Estate

Sacramento Real Estate News, Trends & Insights