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Rising Market in Sacramento Real Estate is Not Slowing

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Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #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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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

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 RE/MAX Gold. 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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Joan Cox
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
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
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
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - 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
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - 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
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - 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
Kathy Streib
Cypress, TX
Home Stager/Redesign

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
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  • Sacramento, CA
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  • Carmichael, CA
  • West Sacramento, CA
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Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you.

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