What’s the Latest News From Our Market?

A lack of sellers and a lack of new construction means inventory is low in our market.

Want to sell your home? Get a FREE home value report
Want to buy a home? Search all homes for sale

What’s been happening lately in our Sacramento market?

As you may recall, in my last video I discussed all the reasons we weren’t in a bubble. I cited in particular a lack of new construction and a lack of sellers.


Right now, we’re still just barely back to peak home prices, and some areas are still not back to peak prices. Over time, we’ve needed about 10,000 to 12,000 new homes a year to keep up with population growth, and since the 1970s, new home construction has never been very constant—it’s either been boom or bust. Our “boom” years had as many as 20,000 new homes, and our “bust” years had as few as 5,000. During our last “bust” year, we were down to 2,500 new homes, and we’re still  currently not back above 10,000 units.


The fact is, unless something weird happens, prices cannot be in a bubble. We’ve had year after year of an average days on market of less than 30 days and an average of less than two months for unsold inventory.


"A surplus of new homes isn’t going to pop up overnight."

The average days on market is the amount of time it takes for a home to go into escrow after the moment it gets listed, but that doesn’t take into consideration the homes that don’t sell. If homes don’t go into escrow, they don’t get included in the average days on market. What does get added into the equation is the unsold inventory, which is what the average months of inventory is—the unsold inventory that’s carried over month after month.

Basically, there aren’t enough places to live. Like I said, unless something weird happens, a surplus of new homes isn’t going to pop up overnight.

In other news, interest rates are going up. Prices might not appreciate as fast as they have been, but every neighborhood is different, and you can’t always tell exactly what’s going on just by looking at the numbers.

If you’re curious what your home is worth or you’re thinking of buying or selling a home, feel free to call or email me. I’d love to talk to you.

Experience Sacramento - April 2018

Experience Sacramento 
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.



EXPERIENCE SACRAMENTO
Premier Event Newsletter


V101 Freestyle Throwback Jam
GOLDEN 1 CENTER
April 13
PRICING: $30 and up
The biggest names in Freestyle and Old School  music, including Grammy Award nominee TAYLOR DAYNE, The King of Freestyle STEVIE B , The Queen of Freestyle LISA LISA and 80's Pop sensation EXPOSE  collaborate to perform popular rhythmic dance and old school mega hits. 


CalExpo
April 8
PRICING: $49.50 and up


Sabroso Craft Beer, Taco & Music Festival, headlined by The Offspring is a day filled with craft beer, tasty gourmet tacos, Lucha Libre style wrestling and live music! 




Amazing Grace!
HARRIS CENTER
April 1
PRICING: $56 and up
The awe-inspiring true story behind the world's most beloved song - captured in a Broadway musical. "The hymn, which many associate with the civil rights movement, was written in the 18th century by an Englishman who worked in the slave-trading business.


Sacramento "FootGolf"
Tournament

William Land Golf Course 
April 7
PRICING: $50 single, $150 Team of 4
The game is played the same way as golf, except players use a futbol/soccer ball instead of a golf ball, and the ball is kicked rather than struck with a club, working towards a 21-inch "cup" in place of the usual golf hole. Lowest score wins! 

-Every player gets a Puente Futbol Foundation ball, bag, & pump-
-Live Music & Free Beer-
-New & fun challenges on the course for the event only-
-Awards & Special Category Prizes-
-All Ages-



STAR OF ABC'S SHARK
TANK KEVIN O'LEARY
LIVE

Crest Theater
April 19
PRICING: $19.99 and up


WEALTH BUILDING STRATEGIES FROM A SHARK
What You'll Learn at Kevin O'Leary Live!
Just about everyone dreams about finding personal freedom, but for too many, it remains just a dream. Kevin O'Leary has unlocked the secrets of achieving - and keeping - the kind of freedom you long for.




Canon Live Learning
Workshop

GOLDEN 1 CENTER
April 21 & 22
PRICING:  $50


Cars and Cameras! What could be better than combining two hobbies into one great photography workshop?Join Canon Live Learning instructors Jim Rose and Dave Henry in a program designed to help you make great images of cars from all eras - from a 1886 Benz to modern day classics.


CLASSICAL CONCERT:
AARON LARGET-CAPLAN

Crocker Art Museum
April 8
PRICING: $6 and up


Renowned classical guitarist Aaron Larget-Caplan will return for his second appearance at the Crocker Art Museum to showcase the powerful connection between music and visual art. 




Morris Day and The Time

Crest Theater
March 31
PRICING: $55 and up

A 7-foot clown walks into a bar. He motions for a soda water and sits there staring at his drink. The year was 1998 and Puddles had wandered into the Star Community Bar in Atlanta, GA where bartender Big Mike Geier first laid eyes on the sad, silent clown. Known as "The sad clown with the golden voice" and for singing pop anthems with tear-jerking bravura. Puddles is in town for a rare appearance in Sacramento. Don't miss it!

Experience Sacramento - March 2018

Experience Sacramento 
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:



EXPERIENCE SACRAMENTO
Premier Event Newsletter

 Lorde

Lorde

GOLDEN 1 CENTER
March 12
PRICING: $37 and up

After a highly anticipated wait, LORDE has returned - and she's coming to Sacramento. Melodrama, her sophomore album, has been released and so has the news of her World Tour. 



2018 Sacramento Boat Show

CalExpo
March 8-11
PRICING: $12

The Sacramento Boat Show is the largest Power Boat show in Northern California and each year thousands of boating enthusiasts visit the show to check out the latest boat models and accessories. The show features more wake board boats, tournament ski boats, fishing boats, family runabouts and pontoon boats than any other event in Northern California. Exhibits range from boats 8 to 35 feet, houseboats up to 70 feet, and scores of accessories to enhance the thrill of the water sport and fishing lifestyle. 




Lee Rock Of The Stray Cats

HARRIS CENTER
March 8
PRICING: $24 and up

Lee Rocker and the Stray Cats sold more than 10 million records, garnered an astounding 23 gold and platinum records worldwide, were music video pioneers of the MTV generation and secured their place in the history of rock and roll. Since then, Rocker has been consistently touring, recording and performing around the globe. He is known for making his upright double bass appear as if it were a lightweight instrument as he spins, throws it in the air, catches and plays it on stages throughout the world.



Capitol Beer Fest

5th Street & Capitol
March 3
PRICING: $40

For the 8th Annual Capitol Beer Fest, we are more than a little excited to be BACK ON CAPITOL MALL! And, we've moved the event to a Saturday, allowing you the opportunity to enjoy our event and then the rest of your weekend. Expect the same high quality event you've come to know and love that includes four hours of 125+ of the nation's best brewers, 20 food trucks, and live music!





6th Annual Brazilian Carnival
at the Old Sugar Mill

Old Sugar Mill
March 3
PRICING: $22 and up

MARDI GRAS Beads for Everyone! (while supplies last)
Enjoy a spectacular evening that mixes the sounds, samba and feathers of Brazilian Carnaval and the carefree spirit of Mardi Gras. Entertainment includes Brazilian band SambaDa, Brazilian Dance Company featuring dancers and percussion, Fabiana Passoni (Bossa Nova), DJ R.D.M. playing music in the back patio, Costume Contest and more! 





Jurassic Quest

GOLDEN 1 CENTER
March 16-18
PRICING:  $18 and up. 

Jurassic Quest is Americas Largest and most realistic Dinosaur Event. Our guests will walk through the Cretaceous period, the Jurassic Period and The Triassic period and experience for themselves what it was like to be among living, breathing dinosaurs.




Audio Muse:
Mino Yanci +2Hermano

Crocker Art Museum
March 15
PRICING: $8

Audio Muse is the Crocker Art Museum's new monthly music series. Visualize the music as the region's best bands perform alongside digital, video, or new-media artists for multisensory concerts that rock! Indescribable, undefinable, transcending; it's a jazz-inspired night with Mino Yanci, which translates literally and figuratively into "musical freedom." The band proclaims: "You are welcome to define what our music is to you. But as for us, we just want to be free." 




Morris Day and The Time

Crest Theater
March 31
PRICING: $55 and up

In his new album, Day combines classic old school sounds with new music featuring hot new artists. He delivers energetic vocals and witty lyrics, complimented by his trademark smooth-as-silk dance moves, all wrapped up in flashy, dapper fashions!

Experience Sacramento! Premier Events February 2018!

Experience Sacramento 
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:



EXPERIENCE SACRAMENTO
Premier Event Newsletter



Miranda Lambert

GOLDEN 1 CENTER
February 8
PRICING: $39 and up

The Livin' Like Hippies Tour receives its name from the lyrics of Lambert's aptly titled song "Highway Vagabond" which appears on The Nerve side of Lambert's 24-song, double album, The Weight Of These Wings.

In every community during her 24-city 2018 Livin' Like Hippies Tour, Miranda's 501c3 nonprofit, MuttNation Foundation, will collect food, treats, supplies & cash donations for a local shelter at the "Fill the Little Red Wagon" activation, to be located at Golden 1 Center plaza before the show.



2018 Americas Rugby 
Championship: USA vs Canada

CalExpo
February 10
PRICING: $20 

"It is exciting to be back in Sacramento. A number of our players have come from Jesuit High School over the years and we have had great support from the fans at Papa Murphy's Park," said Hodges. "Test matches against Canada are always fiercely contested and we will need to be on top of our game as Canada will come into battle hardened from their two 2019 RWC qualification matches against Uruguay."



INTERNATIONAL GUITAR NIGHT

HARRIS CENTER
February 21
PRICING: $18 and up

Each year, International Guitar Night's founder Brian Gore invites a new cast of guitar luminaries from around the world for special concert tours highlighting the diversity of acoustic guitar music. For IGN's 18th year of touring, Germany's Gypsy Jazz legend Lulo Reinhardt will return as the show's host and will be joined by Calum Graham, the young Canadian contemporary sensation; Marek Pasieczny, Poland's innovative classical composer/performer, and award-winning American guitarist Michael Chapdelaine.



Tobymac, Hits Deep Tour 2018

GOLDEN 1 CENTER
February 11
PRICING: $13 and up

Food for the Hungry presents the TobyMac: Hits Deep Tour 2018. TobyMac is back with another star-studded lineup for this year's Hits Deep Tour. Joining Toby will be Mandisa, Danny Gokey, Ryan Stevenson, and Finding Favour.





MICHELLE XIAO YOU

Crocker Art Museum
Feb 11
PRICING: $6 and up

Michelle Xiao You, famed violinist of the Sacramento Philharmonic and Opera, will present a virtuosic program featuring European composers of the late 19th century. Performing works such as Franz Schubert's Arpeggione Sonata, Vittorio Monti's Cardas, and Edward Elgar's romantic Love's Greeting, Michelle You will wow audiences with her passionate delivery and exemplary musicianship.




Disney On Ice: Follow Your Heart

GOLDEN 1 CENTER
February 15-19
PRICING:  $11 and up. 

Follow your heart straight to adventure when Disney On Ice comes to Sacramento! Just keep swimming with Dory and new pal Hank from Disney & Pixar's Finding Dory as they set out to find her parents. See the Disney Princesses achieve their dreams through bravery, kindness and perseverance. Lastly, celebrate true friendship with The Toy Story gang. Make unforgettable memories with Mickey and your Disney friends when Disney On Ice presents Follow Your Heart skates into Golden 1 Center!




AUDIO MUSE: PLANET BOOTY

Crocker Art Museum
February 15
PRICING: $8

Dance, laugh, and mix to the infectious sounds of Planet Booty, a unique high-energy, eclectic electro-funk trio. With live instrumentation uniquely combined with electronic beats - you won't be able to stand still. This is just what the doctor ordered---one nation under a groove, getting down just for the funk of it! The Digital Artist will be Camille Adams in Collaboration with Cody Martin Films. For Audio Muse, all ages are welcome. Enjoy $6 drink specials and farm-to-fork delights available at the Crocker Cafe by Supper Club.




DEEPAK CHOPRA, MD

Crest Theater
February 17
PRICING: $35 and up

DEEPAK CHOPRA MD, FACP, founder of The Chopra Foundation and co-founder of The Chopra Center for Wellbeing is a world-renowned pioneer in integrative medicine and personal transformation, and is Board Certified in Internal Medicine, Endocrinology and Metabolism. He is a Fellow of the American College of Physicians and a member of the American Association of Clinical Endocrinologists. 
Chopra is the author of more than 85 books including 25 New York Times bestsellers. A global force in the field of human empowerment.

What Does Our Level of Inventory Say About Our Market?


A lack of sellers and a lack of new construction means inventory is low in our market.

Want to sell your Home? Get a FREE home value report.
Want to buy a Home? Search all homes for sale.

What’s been happening lately in our Sacramento market?
As you may recall, in my last video I discussed all the reasons we weren’t in a bubble. In particular, I cited a lack of new construction and a lack of sellers.

Right now, we’re still just barely back to peak home prices, and some areas are still not back to peak prices. Over time, we’ve needed about 10,000 to 12,000 new homes a year to keep up with population growth, and since the 1970s, new home construction has never been very constant—it’s either been boom or bust. Our “boom” years had as many as 20,000 new homes, and our “bust” years had as few as 5,000. During our last “bust” year, we were down to 2,500 new homes, and we’re still  currently not back above 10,000 units

The fact is, unless something weird happens, prices cannot be in a bubble. We’ve had year after year of an average days on market of fewer than 30 days and an average of fewer than two months for unsold inventory.

The average days on market is the amount of time it takes for a home to go into escrow after the moment it gets listed, but that doesn’t take into consideration the homes that don’t sell. If homes don’t go into escrow, they don’t get included in the average days on market. What does get added to the equation is the unsold inventory, which is what the average months of inventory is—the unsold inventory that’s carried over month after month.
A surplus of new homes isn’t going to pop up overnight.
Basically, there aren’t enough places to live. Like I said, unless something weird happens, a surplus of new homes isn’t going to pop up overnight.

In other news, interest rates are going up. Prices might not appreciate as fast as they have been, but every neighborhood is different, and you can’t always tell exactly what’s going on just by looking at the numbers.

If you’re curious what your home is worth or you’re thinking of buying or selling a home, feel free to call or email me. I’d love to talk to you.

Is It a Bubble or a Big Bell



After 6 years of rising prices and demand, is this market on thin ice? Do you wonder if we're headed for another bubble? We've seen year after year of decreasing number of homes for sale while demand and prices increase! Here’s what you should expect in 2018.

Want to sell your Home? Get a FREE home value report.
Want to buy a Home? Search all homes for sale.

I get asked the same question all the time: “What’s going on with the market right now?” "Why are prices still going up?" and "why are there still no houses for sale?". They are valid questions! After several years of a strong upward market, many people are getting nervous that a bubble is about to burst.


There are many reasons why this is not a bubble. I'll explain that what we're experiencing is not like any other 7 - 10 year cycle of the past 60 or 70 years. There are just too many fundamentals powering this steadily rising market.

Over my next few videos, I’ll be offering even more numbers and information that prove that we’re not heading for a bubble in this market. For right now, rent remains high,and getting higher, interest rates remain low, great homes in good neighborhoods that are priced right sell in less than a week... and I don’t envision any big change coming anytime soon.

For my full breakdown of the market, watch the video above. If you have any other questions, comments, or of you just want say hi- please give me a call, text or send me an email. 916-316-3810 or forth@thehoytgroup.com

I look forward to hearing from you!