Market Minute November 13th, 2021
The California housing market continues to have a lot to be optimistic about as home sales and mortgage applications stabilize and fundamentals like mortgage delinquencies are improving. Furthermore, California has kept a lid on the pandemic thus far into the winter, which is helping to fuel a broader economic improvement as fewer workers enter onto the unemployment rolls. However, many ongoing challenges remain including rising inflation, eroding consumer sentiment, and the likelihood of rising rates as we enter 2022 so “elbow grease” remains the mantra. SOURCE: https://www.car.org/marketdata/marketminute
Ralene Nelson, REALTOR®
PENDING/CONTINGENT – 549 Western Hills Dr, Rio Vista
Fantastic opportunity to own this Asti model, in Trilogy, the Active Adult Community. If you love to entertain your family & friends, BBQ & more, this is the model. Larger home with large island kitchen/great room with fireplace and living/dining room for the more formal meal. Den with double doors can make for a 3rd bedroom. Not one but two patio areas that fit the time of day or season, add a small fire pit for those cozy evenings. This 2 bedroom, 2.5 bath home has room for overnight stays. READ MORE
COMING SOON – 615 Montezuma St, Rio Vista, CA, 3 bd/2 ba/1,300 sqft/Large Lot
This 1300 square foot single-family home built in 1916 has 2560sf, 3 bedrooms, 2.0 bathrooms, and a basement. Contact Ralene Nelson for more information at 707-334-0699.
REAL ESTATE NEWS
Home Sales About To Surge?
We May See a Winter Like Never Before.
Like most industries, residential real estate has seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year.
Real estate is very similar. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s even labeled as the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring and remains strong throughout the summer. Once fall sets in, the number of buyers and sellers typically drops off. READ MORE
Housing Market Predictions 2022: Will It Crash or Boom?
So, you’re thinking pretty hard about buying or selling a home sometime soon and want to know how the housing market is going to look. Well, housing market predictions are about as reliable as a weather forecast—no one can predict what’s going to happen with 100% accuracy. But we can check out what real estate experts are saying and make some guesses about the future from there.
Remember, a housing market forecast can only give you an idea of what to expect if you buy or sell a house in the coming months. But never let them control your housing decisions—only your personal situation and finances should do that.
With that said, let’s take a closer look at how the market is doing.
Things To Do This Weekend in California
My Fair Lady in San Francisco. Through November 28th
ORPHEUM THEATRE, 1192 Market St. San Francisco
From Lincoln Center Theater “a sumptuous new production of the most perfect musical of all time” (Entertainment Weekly), Lerner & Loewe’s MY FAIR LADY. Director Bartlett Sher’s glowing production is “thrilling, glorious and better than it ever was” (New York Times). “Every so often a revival comes along that reminds you how indispensable great theater can be” (NY1).
Boasting such classic songs as “I Could Have Danced All Night,” “The Rain in Spain,” “Wouldn’t It Be Loverly” and “On the Street Where You Live,” MY FAIR LADY tells the story of Eliza Doolittle, a young Cockney flower seller, and Henry Higgins, a linguistics professor who is determined to transform her into his idea of a “proper lady.” But who is really being transformed? READ MORE
Spyro Gyra; Jazz Fusion, Jazz Group
Tickets – www.ticketweb.com/search
Saturday, November 20, 2021 – 7PM & 9:30PM
Sunday, November 21, 2021 – 3PM & 6:30PM
BLUE NOTE NAPA is located on the 1st floor of the Historic Napa Valley Opera House. We are an intimate 190 person seated live music club and restaurant where you may enjoy performances of world-renowned and local Bay Area artists alike. We offer a dinner menu with an elegant wine and cocktail list. These are available for purchase in all seating sections before or whilst you take in a show.
– Proof of full vaccination (must be 2 weeks past final dose) with a matching government issued photo ID, is required for entry. We will accept one of the following for venue entry: CDC Vaccination Card (or photo) w/ matching photo ID (if a minor, then legal guardian’s photo ID) or a CA Digital Vaccine Card.
-Masks are required to be worn unless actively eating or drinking.
SAC BEER FEST
Live Concert in SacramentoFrom Puerto Rico: Huey Dunbar (DLG)
From Perú: Luigui CarbajalFull Bar & Craft Beers
MORE INFO & TICKETS