Rising Market in Sacramento Real Estate is Not Slowing

By
Real Estate Agent with Lyon Real Estate BRE #00697006

There are many buyers in Sacramento who, having zero experience in real estate, think they know exactly what will happen in our market place. They don't own a home. Not even sure if they want to. But they surely possess a lot of opinions and ideas. The one you hear batted about the most is about the market crashing, because it fell once you know. It bombed. So it could happen again. Except it's not.

We don't have the same economic conditions. Almost every homeowner has equity, except a few hard-money lenders left holding the short straw. About 20% of our transactions are cash. And prices continue to rise. You can read more in my personal blog today and see the whole story at this link: The Shock of 12 Months: April 2018 Sacramento Real Estate Market.

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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
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Tags:
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april 2018 sacramento real estate market
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Rainmaker
3,490,057
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, I heard this from a first time buyer the other day --- we are waiting until the market crashes again.  Well, you will be waiting quite a while!  

May 09, 2018 06:08 AM #1
Rainmaker
3,961,507
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

May 09, 2018 06:09 AM #2
Rainmaker
486,404
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

That's the tough part for a buyers agent to try to explain to their client that maybe not everything on their wish list can be satisfied. Plus, wait another year, and they can then afford even less of a house. Real estate is in cycles, but another crash like we had 10 years ago? I don't have a crystal ball but it isn't going to happen in the next year or so. So keep renting, it pays the mortgage for someone else whose equity will go up.

May 09, 2018 07:46 AM #3
Rainmaker
1,982,525
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Joan Cox Yet, if you ask them to point to any credible source, ANY CREDIBLE stats, they can't do it. Well, maybe some website the Russians run.

May 10, 2018 07:33 AM #4
Rainmaker
1,982,525
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Gita Bantwal Always nice to see your face and that you have dropped by, Gita.

May 10, 2018 07:34 AM #5
Rainmaker
1,982,525
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hella M. Rothwell, Broker/Realtor® Except if the buyer's agent had done that to start with and educated the client, they wouldn't be saying such goofy stuff. You don't need a crystal ball to predict what is happening. Low # homes in inventory, higher interest rates, fewer sales, higher prices. There is nothing to indicate a big uptick in inventory.

May 10, 2018 07:37 AM #6
Ambassador
3,273,372
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Elizabeth- the right time to buy a house is when you're ready to buy a house. Just like the stock market, you can't always tell what will go up or down. 

May 10, 2018 09:35 AM #7
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Rainmaker
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