Real Estate in Sacramento, Hot or Not?

hot-real-estate-market1 (1)I have been asked if the real Estate market in Sacramento is still Hot, meaning low inventory and rising home prices.  My answer to the question is yes and no.

 

Yes, if you want to buy a home now with less competition from all cash investment buyers.  The Real Estate market in the Sacramento Area has stabilized to a more normal market where actual families have a good shot at buying a home.  No, if you want to buy a home and see double digit appreciation.  Since the first of the year the home prices in the Sacramento Area has increased at a normal rate of appreciation.

 

A normal market means the playing field for both the buyer and seller is more level.  The buyer is not competing against 10 to 20 other offers when they present an offer to the seller.  Likewise, the seller does not have to decrease the sales price and pay the buyer’s closing costs just to seem attractive to potential buyers.

 

Home prices are stabilizing and selling well if they are price correctly for this market. As always it is very important to make sure you are prequalified by a local lender before you start to look at homes to purchase.

 

Please call or email me with any questions… Let me help make your dream of homeownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your homeownership dream come true. Please email me today Kathleen@BeckHomeLoanPro.com or call 916-722-0395 to get started on your dream of home ownership. Kathleen Beck A person you can count on. West Coast Mortgage Group 2716 Broadway Sacramento, CA 95818 NMLS#243181, BRE#01058848.

 

 

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