For the first time in recent memory, our local real estate market did not experience a slow down over the winter. The limited inventory of available homes ensured that prices continued to climb and days on the market remained brief.
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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.
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The 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.
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…the consensus among real estate professionals continues to be that this hot market will continue into the foreseeable future. I’m hearing that from people here locally, as well as from Realtors and loan officers in various markets around the country. I don’t have any real times facts or experiences that contradict those outlooks, but I will say this: 2020 has been very volatile due to covid-19…
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