What’s Going on in the Sacramento Market?

Today we wanted to stop by with some important updates on the local housing market and the mortgage loan market.

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Today we wanted to drop by with an update on our real estate market and the mortgage market.

Interest rates have gone up in the last few months. Just 90 days ago you could get a 30-year fixed mortgage with a 3.875% rate, but now, that same loan will hold a rate of over 4%. This is still a great rate for someone with good credit who puts down a decent down payment. This uptick in rates will only have a small impact on your monthly payment, so you'll only have to worry about the amount you qualified for if you planned on maxing out the amount you qualified for before rates went up.

For a $300,000 loan, this rate will affect affordability by about $10,000 on average. This isn't a ton of money, but it will continue to creep up; the Fed has stated that rates will increase by the end of the year.

Another adjustment in our market is the standard conforming lending limit on FHA and conventional loans. The maximum allowed amount for these loans has gone up a bit, which will be a nice boost for many buyers.

Even though rates rose, they are still
at fantastic levels for buyers.

When it comes to the market itself, we're just as busy now as we were in July. With the election over, people who were on a 'wait and see' basis have entered the market now that they know what the situation is. Rising rates also caused some of these people who were on the fence to hop into the market.

We can also see that inventory is still extremely low. Even if everyone who planned on selling their home in the next two years sold their homes in the first quarter of 2017, we'd still be short on inventory. That means sellers have a great opportunity to get top dollar in this market.

If you're thinking about selling or buying a house or you have any questions about the Sacramento real estate market, don't hesitate to give us a call or send us an email soon. We'd love to help you out!

Experience Sacramento! Your Premier Event December Newsletter

Check out this great newsletter we create each month for our family, friends, and clients!   We have scoured the events this month throughout the Greater Sacramento Area to bring you the Best of Sacramento. Check out everything that is happening.

Summary of Events: 

December 2016



Harris Center
DEC 2nd, 2016

Tickets: $20

The Nell Robinson & Jim Nunally Band brings five genre-busting artists together to bring joyful music infused with folk, bluegrass, americana, roots, swing, jazz, 
and the blues. Alt-Roots,
Folkbilly - whatever you call it - it's original, 
well done, & a pleasure to hear. Featuring 
Pete Grant on pedal steel, Jim Kerwin on bass fiddle 
and Jon Arkin on percussion. This is 
truly an all-star band.

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WAR-Jazz & Funk Band
Crest Theater
Dec 28thrd, 2016

Tickets: $45-$55
What do you get when you take Funk, Jazz, R&B and Rock & Roll and mix it all together? Well, you get one of the greatest bands of all time; WAR has sold more than 50 million albums worldwide. Lonnie Jordan, original lead singer, keyboardist extraordinaire and musical director has always been the voice of WAR and is one of the most versatile and musically talented men of the twentieth century.
 http://r20.rs6.net/tn.jsp?f=001e8in8na3ZumMiJRfdWiBiWMiQeDIjpYnltoQj3UTbzxlz48taDK6uEc7sxH26l_46tWjcLk0K8bq-oMQ5dS5my7ImkCI8Bql6W35C-_dhWIRM6vLwaEeib583PBrO_c6Y7Gfs6haRxaUJo8RZcIOK9V78Nxhsl9_rEs8CeQ_BKZSxzXHaQ25i-YTw-3XIgSY7ccD2UaHtcDwEL8XLqo0l0az6i-o_ItF&c=h-HOU_767T1jLPzKl23-yQfl0JtMOjZ-Hc0ewlO_fk6-QGAkpM5LUA==&ch=9CAEtqGu4eEhx5FlKYktFpkX38tPuwG9wTXULV-02M6sx1UCjuu5eQ==    -BACK TO SUMMARY-                                                                        

Stevie Nicks
Golden 1 Center
Dec. 13th, 2016  

Tickets: $30-$110

Singer Stevie Nicks, the multi-platinum, Grammy® Award Winning-music icon today announced The 24 Karat Gold Tour.  Produced exclusively by Live Nation, the 27-city tour with Pretenders, will begin on Tuesday, October 25 in Phoenix, Arizona and will see the legendary Nicks perform throughout North America this Fall.

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EL Dorado Hills Tree Lighting
Town Center- El Dorado Hills
Dec. 3rd, 2016

El Dorado Hills Town Center will host the Annual Christmas Tree Lighting in partnership with the El Dorado Hills Chamber of Commerce. The event kicks off at 4pm with a merchant open house. The "Stuff Your Stocking" game starts at 4pm, where children visit participating businesses to fill their stockings with special gifts.  Enjoy a live band from 4:30-6pm and at 6pm. Santa will arrive on his traditional EDH fire truck to   light the tree with his magic glitter  around 6:30pm.  There will be face  painting, cookies and hot chocolate.

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Crest Theater
Dec. 10th, 2016

Tickets: $18.75-$40

A Country Music Association Female Vocalist of the Year, she's also won the prestigious Album of the Year for There's More Where That Came From, plus a pair of Single of the Years for "I May Hate Myself in the Morning" and "I Hope You Dance." I Hope You Dance sold over 6 million albums; the title track topped multiple charts in multiple formats around the globe.

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Trans-Siberian Orchestra
Golden 1 Center
Dec. 28th, 2016 

Tickets: $36-$73
Paul O'Neill launched a project in 1996 that over the past 20 years has become a critically-acclaimed, multi-platinum, musical powerhouse: Trans-Siberian Orchestra. The progressive rock group's record-setting "rock theater" tours sell out venues year after year and have cemented TSO's status as a           must-attend, multi-generational, holiday tradition.

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Artmix Imortal
Crocker Art Museum
Dec. 8th, 2016

Tickets: $0-$10

Celebrate this thing called line & remember Prince & David Bowie, pop icons who gifted us with magical 
music and memories. Come in your best Bowie and prince inspired outfits, get creative, sing
karaoke, &check out visionary performances & a phenomenal fashion show. Dance to an amazing Prince set by DJ Epik & to The Jean Genies band as they bring back Bowie. Enjoy food & drink discounts during happy hour from 5 - 6 pm & $5 drink specials all night. 
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              Harris Center
              Dec. 3rd, 2016

            Tickets: $9-$15

Laugh when two merry elves arrive at a small village in the Black Forest to discover a poor, gentle shoemaker who clearly needs their assistance. Their good deeds, kindness and resourcefulness save the shoemaker and his wife from a bleak and unhappy holiday in this beloved CTC classic adored by both children and adults.

Suggested for grades K-5.

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About Experience Sacramento
Sacramento Events is the premier event listing newsletter that provides information on the best local and regional events, including performances, activities, movies, food, and more!

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