Well, the Feds met last week and did exactly what was expected…nothing. The inflation level did the same. This doesn’t mean that we aren’t all still experiencing higher prices at the pump, in the grocery store, at restaurants, etc. It just means the prices haven’t gone up…more.

Due to the recent bird flu outbreak in chickens, eggs are pricey and you may have a tough time finding them right now. Kind of like the housing market. But there is some good news on the horizon. New listings in the Sacramento area for 2024 were up from 2023…total sales volume in 10 local counties in 2024 were $1.4 billion higher than the prior year. More homes on the market for buyers.

Mortgage rates have flattened out as well, hanging around mid 6’s to 7’s and I believe people are beginning to accept that these rates are now the norm. Sellers who have been reluctant to sell due to the fact that they are sitting on a 3% mortgage are realizing that if they want that house/neighborhood/lifestyle they’ve had their eye on, waiting for rates to come down substantially may not happen anytime soon.

So a little bit of good news for buyers, and it’s looking like this trend may continue into 2025.

For those of you who would like more info on the Sacramento area housing stats, here’s a link to Ryan Lundquist’s blog. He’s a local appraiser who has his pulse on the Sacramento area market: https://sacramentoappraisalblog.com/2025/01/14/the-2024-housing-market-was-better-than-2023/