You’ve probably heard the following about the Sacramento market….
- Interest rates are rising
- Inventory is tightening
- Housing prices are on the rise
While this information is true, it paints a pretty negative picture for buyers... don’t you think? This isn’t an accurate perception. Sacramento was just ranked by Forbes #11 out of the 20 best markets to invest in housing. The Sacramento real estate market is balanced compared to many other California cities like Los Angeles and San Francisco, meaning when you compare the average home prices in our area to the average income levels, housing remains affordable in most cases.
With interest rates and housing prices on the rise, it may not stay this way for very long. However, I predict the market will remain steady and booming for the rest of the year and into the first part of 2018.
Thinking to buy a home within the next year or so? Read our blog article, "3 Things You Must Do Before You Purchase a Home" on our web site.
Now that you're filled in on what’s going on, I want to let you know how much I value our relationship and if there’s any questions you have about housing prices in a specific neighborhood or tips to help you prepare to buy—I’m never too busy to help you out!