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.
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 MoreI’m able to show properties from the Nevada border to the coast and as far north as Mendocino. Additionally, I’ve made contacts with great agents throughout the region who are experts in their locales. California offers areas of immense beauty throughout the Northern California regions. If you’d like to chat further about pursuing a vacation home for yourself and your family, reach out to me at 916.705.2298 or via email at mark.delgado@cbnorcal.com.
Read MoreWhile the market is significantly slower than normal, there still is only a 1.36 months worth supply of homes on the market. What that means for buyers is that it continues to be distinctly a sellers market. However, it is important to also note that while it is a sellers market, on average, homes are not selling for drastically more than asking. As a result, it is critically important that you and your offer are presented in the most professional way possible.
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