Newsletter, 12/3/21

California Housing Market Forecast 2021-2022

Realtor.com® 2022 Forecast for Key Housing Indicators

Housing Indicator	2022 Realtor.com® Forecast	2021 Realtor.com® Housing Data Expectations
Existing Home Median Sales Price Appreciation	Up 2.9%	Up 12%
Existing Home Sales	Up 6.6%	6.0 million
Existing Home For-Sale Inventory	Up 0.3%	Down 18%
Mortgage Rates	Average 3.3% throughout the year, 3.6% by end of year	Average 3.0%, 3.2% by end of year
Single-Family Home Housing Starts	Up 5%	Up 15%
Homeownership Rate	65.8%	65.5%

JUST LISTED – 615 Montezuma St, Rio Vista, CA
3 bd/2 ba/1,300 sqft/Large Lot

Asking $450,000 – Centrally located in town, Rio Vista, walk to coffee, dinner, or even the grocery store. Own a little piece of history, built-in 1916, on a larger lot. This lot will accommodate a mother in law little house. This 3 bedroom, 2 bath home has a full basement, with a detached 2 car garage and large backyard. Jack & Jill bath, shower over tub, master has a walk-in shower. Carpet in bedrooms and living room. Larger kitchen with island, pantry, newer refrigerator, stove on the island, 2 pantries & sink/window overlooks the backyard. Large dining area for the family. Separate laundry room with sink. The basement makes for a great entertainment area. Backyard has room for a pool, so bring your BBQ for a great family party. 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.
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REAL ESTATE NEWS

Where the housing market is going in 2022
as told by 7 leading forecast models

A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from their workplace, and a demographic wave of first-time millennial homebuyers entering into the market. Of course, years of under-building means there simply aren’t enough homes available to meet this demand. Cue record price growth.

But how much longer will this run last? After all, home price appreciation of 19.9%—a 12-month record set between Aug. 2020 and Aug. 2021—can’t be sustained forever.

Home prices up 20%, but buyers, take heart

Yearly gain smaller than the previous month, suggesting growth is flattening

U.S. home prices remain significantly higher than a year ago, but the growth is easing and perhaps even ending, according to new figures.

U.S. home prices increased 19.5 percent year-over-year in September, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index released Tuesday. The year-over-year rise in home prices was just below the 19.8 percent annual rise in August.
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Things To Do This Weekend in Northern California

Holiday Home Tour 2021 in Rio Vista
Sat, December 4, 2021, 11:00 AM – 4:30 PM PST

Rio Vista, 116 Main Street, Rio Vista, CA

Holiday Home Tour 2021 brings you 7 exciting homes to tour in their holiday finest.
About this event

The 2021 Holiday Home Tour hosted by RioVision will be held on December 4, 2021, in conjunction with other holiday activities. It will be a day of fun and shopping as you ooh and ahh at the beautifully decorated homes in Rio Vista and shop at the Olde Tyme Christmas Faire in the Rio Vista Museum. Tickets are available for General Admission to only the home tour for $25.00. Our very special VIP Tickets (limited to 65) includes a river view experience, refreshments, and the Holiday Home Tour for $50.00.

Super Holiday Boutique – 12th annual FREE in Concord

Centre Concord
5298 Clayton Rd, Concord, CA
Free Family Ticket includes $2 Holiday Buck (presented at check-in) and pre-registration for Holiday Raffle. Ticket NOT NECESSARY for admission. ONE REGISTRATION PER FAMILY.

The Nutcracker in Tracy

FRIDAY, DECEMBER 3, 2021 AT 7:00PM &
SATURDAY, DECEMBER 4, 2021 AT 1:00PM

715 Central Avenue
Tracy, CA 95376

Facility Hours
Mon. – Thurs.: 8AM – 6PM
Fri.: 8AM – 5PM
(Closed Alternate Fridays)
We will also be open one (1) hour prior to any ticketed performance!

Phone: 209-831-6TKT (6858)
Fax: 209-831-6271
Box Office: boxoffice@cityoftracy.org
Ticket Price(s): $23-$65 (Additional fees apply) – Buy Tickets

Polar Express Train Rides
at Railtown 1897 State Historic Park

Starts: November 26, 2021
Ends: December 18, 2021
Occurs: Sunday, Friday, Saturday
Time: Departures: 4:30, 6:00pm, 7:30pm
Location: Jamestown
18115 5th Ave., Jamestown, CA 95327
Event Type: Arts, Theatre & Performance
View Website
209-984-3953