• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

Sacramento Appraisal Blog | Real Estate Appraiser

Real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.

  • About
  • Appraisals
  • Order
  • Ask Ryan
  • Areas
  • Classes
  • Press
  • Trends
  • Share
  • Contact

conventional loans

5 things that are increasing in the Sacramento real estate market

September 17, 2013 By Ryan Lundquist 3 Comments

Real estate markets constantly change, so it’s important to watch them closely so we can adjust our business plan or prepare clients for what is happening or is coming. Here are 5 things that are increasing right now in the Sacramento market. Any thoughts or further insight? I’d love to hear your take in the comments below.

  1. Image purchased at 123rf dot com and used with permission - 14688774_s - smallerOpportunity: Buyers are gaining power since housing inventory has been increasing. More homes for sale has led to a slightly longer marketing period too, which also helps buyers have a greater selection as well as more power to negotiate. The local market had only one month of housing supply for a long stretch, but is now up to two months. The difference between only one month of housing supply and close to two months has been striking.
  2. FHA Uptick: If you didn’t know, FHA loans have seen a 3% increase over the past 75 days in Sacramento County. The increase has been 6% under $200,000 for the same time period.
  3. The Price is Right: We are in a market where sellers really need to price their properties correctly. For the most part it seems like sellers are starting to get in tune with the market beginning to shift (though certainly not always). It’s crucial to be “in the market” rather than “on the market” like Jay Papasan says.
  4. Real estate insight - image by Sacramento Appraisal BlogMore Owner Occupants: Having less cash purchases has helped create more opportunity for owner occupants to purchase in starter neighborhoods. There has been an 8% decline in cash purchases in Sacramento County over the past several months compared to the previous quarter (and a 10% decline when looking at all sales under $200,000).
  5. The Return of Closing Costs: As a real estate market gets more competitive it is common to see buyers begin to request a little something back from the sellers to help cover closing costs (particularly at the lower end of the sales spectrum). Requests for closing costs disappeared or felt irrelevant for quite a while when the market was insanely hot, but they will slowly creep back as the market “normalizes”. In fact, I have already been seeing quite a few requests for credits or closing costs in FHA deals and lower-end flipped properties.

The latest real estate market stats in Sacramento County:

real estate market trends in sacramento - cash - conventional - fha - by Sacramento Appraisal Blog

Question: What are you seeing happen in the market?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Market Trends Tagged With: cash in Sacramento market, conventional loans, decline of cash sales, FHA loans, Home Appraiser, House Appraiser, Jay Papasan, less cash investors, more houses for sale, more houses for sale in Sacramento, more inventory in Sacramento, real estate market trends, Sacramento County, Sacramento Real Estate

Primary Sidebar

Subscribe to Weekly Post

(only 1 post per week)

Connect with Ryan

 Facebook Twitter LinkedIn YouTube Google+ Pinterest

Search this site

Blog Categories

  • Appraisal Stuff (390)
  • Bankruptcy (3)
  • Divorce (4)
  • Estate Settlement (6)
  • FHA Appraisal Articles (56)
  • Internet (53)
  • Market Trends (417)
  • Photos from the Field (126)
  • Property Taxes (70)
  • Random Stuff (221)
  • Resources (553)
  • Videos (161)

Blog Archives: 2009 – 2017

Lundquist Appraisal Links

  • Appraisal Order Form
  • Appraisal Website
  • Rancho Cordova Appraiser Website
  • Sacramento Appraisal Blog Sitemap
  • Sacramento Real Estate Appraiser Facebook Page
  • Twitter: Sacramento Appraiser (@SacAppraiser)
  • YouTube: Sacramento Appraiser Channel

Most Recent Posts

  • The players in the market & normal pendings
  • How do we value a house with a HUGE non-permitted addition?
  • More owners, less sales, & confidence
  • Being neutral, price per square foot, and the Governor’s new digs
  • At least read this part of the appraisal
  • Will buyers step on the gas or brakes in 2019?
  • Real estate trends to watch in 2019
  • The real estate left behind after a fire
  • An underrated metric & slumping volume
  • Seven years of price increases & my blue kitchen island

Disclaimer

First off, thank you for being here. Now let's get into the fine print. The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

The information on this website is meant entirely for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or any other potential real estate or non-real estate purpose. The material found on this website is meant for casual reading only and is not intended for use in a court of law or any other legal use. Ryan will not appear in court in any capacity based on any information posted here. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose or valuation consulting, please contact Ryan at 916-595-3735 for more information.

There are no affiliate links on this blog, but there are three advertisements. Please do your homework before doing business with any advertisers as advertisements are not affiliated with this blog in any way. Two ads are located on the sidebar and one is at the bottom of each post. The ads earn a minor amount of revenue and are a simple reward for providing consistent original content to readers. If you think the ads interfere with your blog experience or the integrity of the blog somehow, let me know. I'm always open to feedback. Thank you again for being here.

Copyright © 2019 Sacramento Appraisal Blog