Pending sales rose 3% from September as early indicators of demand are strengthening.
The median price of homes sold in October was $378,700, up 13% from a year earlier, the lowest growth rate since December 2020. October marked the 15th consecutive month of double-digit price gains. Seasonally-adjusted closed home sales and new listings of homes for sale both fell from a year earlier, by 8% and 11% respectively. Overall the housing market experienced fairly typical seasonal cooling in October. However, relief for homebuyers may be short-lived as pending sales rose 3% from September and early signals of demand are picking back up again in the first weeks of November. READ MORE
Ralene Nelson, REALTOR®
3955 W Walnut Grove Rd Spc 16, Walnut Grove, 2 bed 1 bath 672sqft
$75,000 – This home makes a great vacation spot or retirement home. It is completely remodeled, located in the Riverside Mobile Home Park at Wimpy’s Resort. Two bedroom, 1 bath with new laminate flooring, granite kitchen counters, cabinets, countertop portable dishwasher, small microwave & stainless refrigerator. Washer/dryer included. Dual pane windows, blinds, newer roof (5-2019), and HVAC. Park rent includes water, sewer, garbage & tree trimming. Wimpy’s has a boat launch & restaurant, just bring your boat, water toys & fishing pools. Let the fun & relaxation begin. READ MORE
FOR SALE – 1085 Vintage Dr Rio Vista, CA, 2bd/2bth/1382sf.
Spinnaker model, located in Trilogy, on the 2nd fairway, with views of the pond. This is an Active Adult Community. Coveted location, currently only golf course home for sale. Two bedroom, 2 bath with den, and kitchen overlooking the golf course. Professionally landscaped with the fence, small grassy area for your pet. Patio with cover & privacy screen & walkway around home. The sunsets are spectacular from this backyard. Carpet throughout with vinyl in kitchen & bath. Oak cabinets & white tile counters. Two-car garage with built-in storage cabinets, new hot water heater. READ MORE
REAL ESTATE NEWS
A Roundup of Real Estate Predictions for 2022
We’re fast approaching the end of 2021, and the real estate predictions for 2022 have begun to fly.
Over the past month or so, a slew of housing and mortgage-related forecasts have come online. And while they differ in some ways, there seems to be some general consensus forming.
For instance, many forecasters have suggested that home prices will slow down next year. That seems to be a recurring theme among 2022 real estate predictions.
Experts Make Real Estate Predictions for 2022
Some housing analysts expect to see a major slowdown in home-price growth next year. Others believe that buyers will have more inventory to choose from, compared to this year. Affordable housing markets could see an influx of buyers in 2022. And the general consensus for mortgage rates is that they’ll trend upward over the coming months.
Here’s a look at these and other real estate predictions for 2022:
2. More inventory overall, but few starter homes
3. Continued migration toward affordable housing markets
4. Higher mortgage rates ahead
Housing market predictions for 2022: Rates, prices, and inventory
- Housing market predictions
- Home price predictions
- Inventory predictions
- Mortgage rates forecast
- Will the market crash?
- Should I buy now or wait?
Will the housing market improve in 2022?
The 2021 housing market was a tough one for home shoppers.
Low rates and increased flexibility from working remotely put many first-time homebuyers on the map. But limited inventory, skyrocketing prices, and fierce bidding wars made housing harder to come by.
But things may soon level out to a more ‘normalized’ market, according to real estate experts. We could see competition start to taper off and price growth begin to moderate.
In short, 2022 should be a better market for buyers.
Things To Do This Weekend in California
Thu-Sun, 6pm & 7:30pm (Thru 12/24
Theatre of Lights is a free holiday lighting extravaganza at the Old Sacramento Waterfront produced by the Downtown Sacramento Partnership. The nightly performances Thursday through Sunday from Thanksgiving Eve – Christmas Eve (no show on Thanksgiving) features a live-action retelling of Moore’s 1823 poem — “A Visit from St. Nicholas,” more popularly known as “’Twas the Night Before Christmas.” READ MORE
George Lopez: OMG Hi! Comedy Tour
Sat, Nov 27, 7 – 11 PM
George Lopez returns to Stockton on November 27 when he takes the stage at the historic Bob Hope Theatre for his OMG Hi! Comedy Tour.
Vienna Boys Choir; Christmas in Vienna
Saturday, November 27, 2021, 8:00 pm in Berkeley
Celebrate the start of the holiday season with a choir of crystalline young voices raised in song! The world-renowned Vienna Boys Choir returns to Berkeley on Thanksgiving weekend, decked out in their trademark sailor suits and bearing a “garland of carols of many nations” (New York Classical Review). READ MORE
Sonora Victorian Christmas Festival
November 26 – 28 in Sonora
A great Christmas festival with a tradition of a Christmas festival held this weekend for over 40 years. The festival is Victorian-themed as the public loves themed events, especially at Christmas. The event focuses on unique high-quality artisans with many people doing their entire Christmas shopping at this event and making a post-Thanksgiving Christmas Festival a family tradition.
- Admission: $5 – $8
- Days/Hours Open: Fri 10am‑5pm, Sat 10am‑5pm, Sun 10am‑4pm
- Address: 220 Southgate Drive, Sonora, CA 95370
- Entertainment: 3 stages – Local. Music: Variety ??
- Other Activities: victorian themed event with horse and carriage, kids