Fair Oaks and Carmichael Homes

The Sac Bee had this article today. Of you didn’t know mortgage rates are moving up. However, they are still CRAZY LOW. Rates moved from about 3.25% to 3.80% which is a pretty big move. When I started selling real estate about 10 years ago rates were in the sixes and sevens! Not to mention a lot of people had two loans.

So, prices and rates are moving up. Rates will likely continue to rise slowly till they get back to the 5% range over then next few years. My expectation is that prices will continue to rise albeit tapering off over the next year. And then – a return to normalcy! Yeah!

According to this Sac Bee article the median home price in Sacramento County is up 33%!

‘”These eye-popping increases in medians remain a function of two things: home values going up because a lot of people are trying to buy in a supply-constrained market … and we’re seeing a lot more move-up activity,” said DataQuick analyst Andrew LePage’

Feeling left out? If you’ve been sitting on the fence, now is definitely the time to buy a home in Fair Oaks or Carmichael. Email me to find out what you should do next!

Or perhaps you’re wondering if you finally have enough equity to sell your home. You can find out easily here what your home is REALLY worth!

The $9 tool every kitchen must have! You can’t cut anything and its dangerous if your knives are dual. This $9 knife sharpener works great and is easy to use. Plus it has free shipping with Amazon Prim. if you don’t have Amazon Prime I highly recommend it. It’ll pay for itself in few months.

March 2013 saw 68 single family homes sold in Carmichael with a median price of $280,750. That’s an increase of 28% from March of last year! The average days on the market was 34 days. An interesting note is that the average sale price to listing price ratio was 101%! Meaning most homes for OVER their list price.