Pending Home Sales Exceed Forecaster Expectations

I get asked on a near daily basis where I think our local real estate market is headed. On one hand I read articles that covid-19 cases are increasing, more shutdowns are imminent and 40+ million Americans remain unemployed. On the other hand, I read articles like I did this morning which point out new pending sales on existing homes increased at a record setting level and interest rates continue to be at the lowest levels they’ve ever been.

Mark DelgadoJune 29, 2020pending home sales, sacramento area real estate, sacramento real estate, fiduciary duty, low interest rates

New Home Sales Exceed Expectations

Unlike the prior economic recession when housing was the catalyst, I believe housing will play an important role in helping the economy exit the recession. Mortgages continue to be historically low, and predictions are for those numbers to remain so into the foreseeable future.

Mark DelgadoMay 26, 2020new home sales, sellers market, low interest rates, low supply

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