May 2024 Sacramento Housing Market Update
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- Опубликовано: 21 сен 2024
- Sacramento has been one of the nation’s hottest housing markets over the past several years and this year is no exception. Here’s the latest news about the Sacramento housing market for both new and existing houses in the region. For brand new home construction sales in the greater Sacramento area, sales this April were the highest pre-COVID levels for any April since April 2006. In contrast, existing home sales in Sacramento California decreased from April 2023. In today’s video, I cover Sacramento home prices, inventory levels, how fast houses are selling and much more!
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Compilation of Housing Market Forecast videos:
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Source of reports I shared:
www.redfin.com...
www.northstate...
fred.stlouisfe...
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed mortgage rate is around 7.1% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native (DRE 01923240)
Mortgage Loan Officer, NMLS 2566691
Revest Homes (DRE 02174879, NMLS 2362319)
jason@meetjasonwalter.com
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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).
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Thanks for the update. I live in Sacramento.
Very cool! Thank you for watching the video.
X realtor here , 6:40 🤯 40% higher then a few years ago… leaving the locals (MHI $90k ) unable to afford a home 😂. This is such an upside down 🙃 world. If you have a 40 hr pr week job you’re more likely to NOT afford a home rn.
A few yrs ago the reasoning was mortgage was less then renting , but now it’s 2x + more expensive 🎉. Yeah for the home owners but 😢 sad for the buyers.
The American dream currently is an apartment and student debt 😊.
HAPPY TUESDAY MF’ers
I’ve been in Sacramento for 25 years and the number of homeless people and drug use has increased tremendously. The schools are not so great also, so the high prices are not worth it!
If you are DINK and live in nice area away from the riff raff, those things don't matter to you. And that's exactly what many buyers are that are moving to Sac.
It’s everywhere now!
the same thing happened to the bay area and southern California metro areas yet prices are still rising.
I am soo glad that I bought several years ago at record low rates and now would not be able to afford to buy the same home. Granted I updated my home with new hardwood floors, windows, paint and fencing.
Those numbers are BS. Track number of houses sold by regular people not Blackrock, State street, Vangaurd and its subsidiaries etc.. Zillow, Redfin etc…. Manipulated data
Zillow and Redfin have both stopped buying and selling houses. Blackrock and other institutional companies haven't been selling their houses to the general public in any significant numbers either. So, I'm not sure what data would be manipulated.
Yeah, nothing at all like 2021, but still slightly more competitive than the pre-2020 normal when considering so many metrics.
Absolutely! Thank you, Ryan.
Thanks for the update! When do you think the Downtown Sacramento market will peak this year?
Great question. Our housing market tends to peak in May or June each year. In the Spring, there's more new listings but also more buyers. In the Winter, the number of people listing their houses falls and buyer demand also falls. This is why I recommend to buy when it's right for you rather than trying to time the market if that makes sense. If you want further details or to discuss your real estate goals feel free to email me at Jason@meetjasonwalter.com
Ah ok, thanks. I was thinking July or August might be a peak season for prices to be at their highest. But I suppose maybe not!
Can you do a video like this one for Fresno ca
Good morning I wish you could do a video in the Central Valley of Bakersfield
Clovis prices are reducing.
Good morning! I'm happy to take requests as long as there's a good amount of interest. Anyone else interested? If not, Redfin is a good resource or you could search online for Bakersfield Association of Realtors. Some local associations publish housing data, like mine.
Mahalo 🌴
Aloha!
Multiple acres are being bought up in my rural town as soon as they list
Good morning Jason 👍
Morning!
I heard the FED used to set "Regional Rates"? I guess that was well before my time... but they might have to do it again. That would be a trip where you can get a 6% mortgage or a 8% mortgage depending on where the house is located.
Strange. I haven't heard that but it must have been decades ago due to fair housing laws now.
I guess all those gov workers know they will get paid every month, with raises twice a year.
Sacramento has become overpriced period.
1😊
Good morning!