REAL ESTATE NEWS
Some Highlights
- Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer.
- When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play.
- If you’re ready to upgrade to a home that matches your changing needs, reach out to a real estate professional.
Will The Housing Market Crash? Experts Give 5-Year Predictions
Why the Housing Market Will Likely Stay Hot
If you were hoping for a major downturn to snag a cheaper home, think again. Most housing experts are predicting the market to remain strong for a while for several reasons.
1. Millennial Demand for Housing is Up, With Gen Z Right Behind
2. Supply Can’t Keep Up With Demand
3. Borrowers Are Less Likely To Default On Their Mortgages
4. Warning Signs That Could Dampen the Housing Market
READ MORE
Mortgage interest rate predictions: Will rates go down in June 2022?
| Housing Authority | 30-Year Mortgage Rate Forecast (Q2 2022) |
| Freddie Mac | 4.80% |
| National Association of Home Builders | 5.05% |
| Fannie Mae | 5.10% |
| National Association of Realtors | 5.10% |
| Mortgage Bankers Association | 5.20% |
| Wells Fargo | 5.40% |
| Average Prediction | 5.11% |
Mortgage rate predictions for 2022
The average 30-year fixed-rate mortgage ended the first quarter of 2022 at 4.67%, according to Freddie Mac.
All six of the major housing authorities we gathered project that average to rise over the second quarter of 2022.
Freddie Mac and the National Association of Home Builders sit at the low end of the group, estimating the average 30-year fixed interest rate will settle at 4.8% or 5.05% by the end of Q2. The Mortgage Bankers Association and Wells Fargo had the highest predictions, with forecasts of 5.2% and 5.4%, respectively, by the end of June.
READ MORE
Ralene Nelson, REALTOR®
FOR SALE – 366 Silver Ridge Dr. Rio Vista
2 bed/2 bath/1,579sqft
Asking $480,000. Clean Soraya model located in the Trilogy Active Adult Community. Tiled floors with carpet in bedrooms, quartz counters & lighter cabinets in kitchen. Kitchen has bar w/stools for entertaining/casual dining. Built in entertainment space in great room provides the chef access to the activities too. Dining area for more formal dining with slider to the covered patio area. Larger master bedroom, with double sinks & walk in closet in master bath. 2nd bedroom to the front of home with bath next to bedroom. Den can be utilized as an office or even 3rd bedroom. Larger lot with low maintenance gardens with drip system. Don’t miss the opportunity to own this home. Solar home, prepaid by builder for 20 yrs, 14 yrs remaining. Trilogy offers so many amenities with a low monthly HOA fee. Swimming pools/spas, tennis courts, bocce ball courts, billiards, & gym. Cafe & restaurant located in the development. READ MORE
FOR SALE – 13 Amador Cir, Rio Vista, 4bds/2.5bths/1,989sq.ft.
PRICE CHANGE $699,900 – Your beautiful dream home is on the market!! This remodeled home has a newer kitchen & baths, saltwater pool, spa, and gorgeous bbq kitchen with bar/firepit, refrigerator, ice maker & more. RV parking for 2, so your ski boat & RV will fit in the RV garage. The garage is equipped with sewer connection & electricity. Sliding doors open up to the pool area. Home is 3 bedroom, can be 4, & 2.5 baths. The master sitting area was the 4th bedroom, so can be closed off. The Master bath has double sinks, a walk-in shower, and a bidet & master bedroom have a large deck with views of the N hills. A spiral staircase off deck takes you to the pool area. The family room has an entertainment bar w/refrigerator & sink. Step out to the backyard to a swimming pool with solar heating, BBQ kitchen with all the amenities, an outdoor shower w/tankless water heater, and a stage for a band. No rear neighbors. The home also has a double-car garage as well, with indoor laundry. READ MORE
FOR SALE – 30 S 2nd St. Rio Vista, Residence and Commercial Building
Asking $699,500 – Are you looking for a home and in need of a business space? Or perhaps a home with a possibility of in-law quarters? This home might meet those requirements. Victorian style home with partial wrap-around porch provides a cozy place for morning coffee or afternoon beverage. 2 bedrooms up with 1.5 baths on the main floor. The possible room upstairs to add at a minimum 1/2 bath. Laminate flooring on the main floor with carpeted stairway & in bedrooms. HVAC & tankless water heater with inside laundry. 2nd building has been used as a commercial, however, could be added onto & remodeled to be ADU/2nd unit. READ MORE
FOR SALE – 303 Center St, Rio Vista, 4 bed 1.5 bath 1,775sqft
Asking – $380,000. Are you looking for a project, look no further. This 3 bedroom, 1.5 bath home is a perfect match for that project. Spacious with 1776 sq feet, needs some TLC, can be lovely home. Flooring is mixed, laminate, wood and carpet in bedrooms. This home does not have cental heat/air, but has wall air unit & gas unit. No garage, has large side yard for play or entertaining area. READ MORE
JUST SOLD – 2398 Walters Way #44, Concord, 2 bed 1 bath 720sqft
Quiet location, end of cul de sac, Unit 44 is close to carport parking & is ground floor unit. Two bedroom, one bath, with vinyl flooring throughout. The kitchen has Formica counters with painted white cabinets. Refrigerator, washer/dryer convey with property. Small patio/fenced. Low HOA fees are $275, including a community swimming pool. Perfect home for first-time buyers or retirement, close to shopping. READ MORE
PENDING SALE – 2259 Revival Ln, Rio Vista, 2bd/2bth/1837sf
PRICE REDUCED – $555,000, Located in the new active adult community, Summit at Liberty, the Lincoln model is bright & cheery, and shows like a model home. Professionally landscaped with drip system & low maintenance, so just bring your furniture. Very private for the lot is fenced. The Lincoln model is a 3 bedroom 2 bath home with a room that can be used as formal dining, den or as seller, combo den/office. Laminate flooring throughout, blinds & custom paint. Granite kitchen counters, stainless sink & appliances with bar for dining. The pantry is large so will delight your chef. Seller has replaced ceiling fans and has installed a ceiling fan in the patio area. Comes with paid solar. The amenities are beautiful, pool, large spa, bocce ball courts, pickleball & tennis courts & even a wine bar area. READ MORE
PENDING SALE – 670 Rubier Way, Rio Vista, 4bd/2.5bth/1859sf
Asking – $545,000. This popular 2 story home in Rio Vista’s family development, Homecoming, is a move-in ready home. Exterior & interior have new paint including all cabinets (kitchen & baths) & railings/staircase. Laminate flooring in living/dining & family rooms with a tiled kitchen. The fireplace in the family room makes a cozy room in the cooler months. Carpet upstairs, with laminate in the master bedroom. The Master bedroom has his/her closets, double sinks in the bath & cabinets are painted. Hall bath also has a painted cabinet. The front bedroom is utilized as their classroom, it is a nice size bedroom with a walk-in closet. No rear neighbors make the backyard very private for BBQs. Home is equipped with a car charger for your electric car! Just bring your furniture. READ MORE
PENDING SALE – 470 Belvedere Dr. Rio Vista
2bd/2bth/1,853sf/6,421sf lot
Asking $575,000 – Located in the Active Adult Community, Trilogy, this beautiful Reflect model, with a larger lot, has been professionally landscaped with paver stone patio and walkway on side of house. Artificial turf side yard, & piped electricity to BBQ area. The backyard is a beautiful area for entertaining your family & friends. Close to the dog park, and there’s path around the lake. This 2 bedroom 2 bath home has granite counters with expresso cabinets, convection microwave & oven, and island. Tile throughout with carpet in bedrooms. Laundry has space for an additional refrigerator/freezer & garage has a utility sink. Water softener & water filtration system under kitchen sink. Just bring your toys and enjoy the activities that include 2 swimming pools/spas, tennis & bocce courts, 18 hole golf course, & more while enjoying a low HOA fee. READ MORE
Events in Northern California this Week-End
Marina Lounge; Champagne Brunch
Sun, May 29, 2022, 12:00 PM – 3:00 PM
700 Main Street, Suisun City, CA
Join the Marina Lounge every Sunday at 12pm for our Champagne Brunch or Soul Food Buffet $25.00 Check out our website for the weekly caterer & menu. Later listen to the smooth beats of DJ Smurf until 8pm. See you Sunday! Good People, Good Food, Good Time, Good Vibe!
READ MORE
Summer Music at Nostra Vita with Crosstown 5
Sat, May 28, 11 AM – 2 PM
Nostra Vita Family Winery, 1150 W Turner Road, Lodi, CA
Summer Music at Nostra Vita Family Winery
We’re excited to welcome back Crosstown 5 here at Nostra Vita Family Winery!
With an excellent mix of old classics and some of today’s newest hits, Crosstown 5 is sure to be a crowd favorite regardless of age!
Tables seat up to 6 people. Separate reservations must be made under the same name if you wish to be seated together. Wine Club members: up to 2 tickets @ $5 each. General public: $15 per ticket. Your tickets must be paid for in advance.
Children 10 and up are invited but must remain seated with an adult. No pets on site. There will be no wine tasting during this event. Bottle sales and Wine Slushie sales only.
Please feel free to bring your own food for dinner as there will not be a food truck on site.
**No outside alcohol is allowed on site.
All ticket purchases are non-refundable.
International Kids Festival in Sacramento
Saturday 10am – 4pm
William A Carroll Amphitheatre, 3901 Land Park Dr, Sacramento, CA
Looking for a fun way to spend the day with your family in Sacramento?
Join the International Kids Festival and enjoy pony rides, jumbo inflatables, rock climbing wall, miniature train rides, trampolines, face painting and more! Try some amazing food from a parade of local food trucks while you watch spectacular stage entertainment by professional dancers, gymnasts, and athletes. Don’t miss big fun for the entire family! READ MORE
Stone Soul Concert in Concord
Sunday 29th May 2022, 7pm
Concord Pavilion, 2000 Kirker Pass Rd. Concord, CA
Prepare for a soul-tastic event as Stone Soul Concert comes to the Concord Pavilion on Sunday 29th May 2022! The incredible show features soul sensations, Maze featuring Frankie Beverly, Gladys Knight, The ZAPP Band, Montell Jordan, Chubb Rock, and S.O.S. Band! The Stone Soul concert is an annual celebration of R&B, soul, and hip hop music. On May 29th, fans can expect performers to cover their biggest hits and fan favorites! This event provides a rare chance for you to see these incredible acts performing on one stage. So get your tickets now, and don’t miss this chance to be part of the Stone Soul Concert! READ MORE ~ BUY TICKETS