The Governor has signed an order to extend the eviction moratorium for commercial tenants through March 2021. The residential market continues to be a bright spot in terms of property values, but is struggling to meet buyer demand due to an extreme lack of inventory.
Read MoreThe Sacramento region continues to experience a tightening of the housing supply. For another consecutive month, buyer activity has outpaced seller activity throughout the area. There are two likely and positive sources for the continuous influx of buyers.
Read MoreThis week we watched rates slightly improve as uncertainty climbed. The main culprit is the ongoing "debate" in Congress on what a fourth stimulus bill will look like. History has shown that Congress will likely get something done, things will just remain uncertain until everything is finalized.
Read MoreSales 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.
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.
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