A quick update for you. What is happening with cash and FHA in Sacramento County over the past few months? Take a quick scan of the graphs below to get a sense of the market. Overall there has been slightly more cash and slightly less FHA in January and February. However, the market has been a bit funky for three months as there have been so few sales, and this makes for weaker data. My suspicion too is that cash has been able to close more readily, whereas FHA buyers are sitting in contract and among the close to 2300 pendings in Sacramento right now. We’ll also see if March changes stats a bit as there should theoretically be more sales this month. Nonetheless, this is the latest and we should keep our eyes on the market closely to be able to share accurate information, speak confidently with clients and make informed real estate decisions. Enjoy and share one or two graphs on your own blog if you wish (see my sharing policy for specifics). Any thoughts?
Questions: What are you seeing out there in the market? Anything to add to the trends above?