Newsletter, 11/12/21

The housing market will cool off in 2022,
but not by much, says Fannie Mae

As far as 2022 outlooks go, Fannie Mae’s forecast is a Goldilocks—right in the middle. On the bullish end of the spectrum are Zillow and Goldman Sachs. In the coming 12 months, Zillow foresees U.S. home prices jumping 13.6%. Meanwhile, Goldman Sachs expects home prices to swing up a staggering 16% by the end of 2022. But not everyone sees the frenzy continuing: CoreLogicll

, a real estate data firm, is far more bearish—forecasting just 2.2% home price growth over the coming 12 months.

All of these forecasts should, of course, be taken with a grain of salt. After a

, at the onset of the pandemic—when some states had banned in-person real estate viewings—CoreLogic forecast prices would fall 1.3% between April 2020 and April 2021. For that same 12-month period, Zillow predicted home prices would fall between 2% to 3%. Not only did the housing market not slide backward, it went on one of the biggest runs in U.S. history.

Source: fortune.com

Ralene Nelson, REALTOR®

SOLD – 841 W Brannan Island Rd Spc 4, Isleton, 2 bed/2 bath/1382 sq ft

Nice 2 bedroom 1 bath single wide modular home located in the Spindrift Marina Mobile Home Park along the Delta Loop. A perfect spot for someone who loves to fish, kayak, jet ski, and more. READ MORE

JUST LISTED – 1085 Vintage Dr Rio Vista, CA,
2bd/2bth/1382sf

REAL ESTATE NEWS & VIEWS

Housing market predictions for 2022: Rates, prices, and inventory

Will the housing market improve in 2022?

The 2021 housing market was a double-edged sword for home shoppers.

Low rates and increased flexibility with working from home put many first-time buyers on the map. But limited inventory and skyrocketing prices made housing harder to come by.

But things could soon level out to a more ‘normalized’ market, according to the experts.

Although rates are rising and home supply remains low, competition might start to taper off and price gains could moderate.

In short, 2022 should be a better market for many buyers.

READ MORE

California Housing Market To Remain Solid If Pandemic Is Kept Under Control

CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) Releases its 2022 California Housing Market Forecast

• Existing, single-family home sales are forecast to total 416,800 units in 2022, a decline of 5.2 percent from 2021’s projected pace of 439,800.
• California’s median home price is forecast to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021.
• Housing affordability is expected to drop to 23 percent next year from a projected 26 percent in 2021.

 READ MORE

Things To Do This Week-End

Twelfth Night – Written by William Shakespeare

The Wilkerson Theater, 1721 25th St, Sacramento, CA

In today’s world, this play is very current and relevant. Actor’s Workshop of Sacramento is excited to present Twelfth Night too Sacramento with a modern interpretation because this type of art can style inspired all of us.
Twelfth Night is a story about trying to annul class, religion, and even gender.
Why does mankind have such a desire to be loved by others? Who do we really love? Why do we love them? Are “they” really what we think they are? This play answers all of those questions and inspires us to follow our hearts no matter what others tell us. Come see for yourself how this amazing ancient play can still be relevant to your life and maybe it will inspire you to follow your heart too
READ MORE

 Enrique Iglesias & Ricky Martin

GRAMMY Award-winning, multi-platinum powerhouse artists Enrique Iglesias and Ricky Martin are hitting the road together for the first time ever. The global superstars have built unstoppable solo careers with dozens of #1 songs and millions of albums between them, and are now joining forces live in concert this fall. Fans can expect to hear renowned hits from two of the biggest names in pop and Latin music on their historic North American arena tour. The GRAMMY nominee has become one of the most powerful Latin pop artists of his generation.
READ MORE

Lodi Roc-Vemberfest 2021