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By Frank Valente

Associate Broker at eXp realty of California. Active agent and broker since 2003 in the Sacramento Region. Retired from the Navy in 2002 after 24 years as a Commander. Former Surface Warfare Officer.

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You can listen to my full market update in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:35 — How interest rates have changed since December 2021

2:11 — Home affordability has taken a dramatic hit

2:32 — Active homes in our area

3:38 — We are still technically in a seller’s market

4:32 — A closer look at affordability

6:22 — We still have plenty of buyers, but demand has dropped at all price levels

6:59 — Wrapping up today’s topic

If you have questions about this or anything else, please call or email me. I am always willing to help!

 

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