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

Sacramento Attracts More Residents

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.

Mark DelgadoOctober 1, 2020sacramento real estate, Sacramento Home Values, Mark Delgado, Realtor, California Real Estate, northern california

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

Fannie Mae Confirms Housing Confidence

In short, Fannie Mae’s surveys continue to confirm what we’re seeing here locally in our own market. Buyer activity is robust, while seller activity is limited. Competition for available homes is tight, and home values remain steady. Properly priced homes continue to receive offers in short order. Will home prices drop due to COVID-19 influences?

Mark DelgadoJuly 8, 2020First Time Home Buyer, Home Purchase Sentiment Index, HPSI, Mark Delgado, Coldwell Banker Realty, sacramento real estate

Sacramento Real Estate News, Trends & Insights