-It's still more subdued than it was a decade ago during the housing bubble, but Sacramento's housing market is about to become one of the hottest in the country.
-Realtor.com predicted Wednesday that greater Sacramento will be the nation's fourth-hottest housing market next year, as measured by price appreciation and growth in sales volume.
-Much of the country is expected to slow down somewhat in 2017 as mortgage rates increase.
-Sacramento area will enter upper echelons thanks to solid job creation and "pure , sheer population growth". Much of the population growth will be spillover from the Bay Area.
-Sacramento County's median home price of $310,000 was still 17 percent below the pre-recession peak.
-One of the big factors in Sacramento remains the strength of the Bay Area market. Many buyers in Sacramento are Bay Area refugees seeking cheaper housing and quieter lifestyle. Median prices in the Bay Area have jumped 6 percent since last year, to $675,000.
Keep in mind that as the article states, interest rates will be going up. That can make the difference of a person being able to buy a specific house today and not being able to buy that same house next month when rates have gone up. Call me today for a free buyer or seller consultation. 916-893-4815
No comments:
Post a Comment