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The Sacramento Housing Market

July 6, 2023

Sacramentohousingmarket The Sacramento Housing Market Is Still Very Competitive. Homes In Sacramento Can Receive 4 Offers On Average And Sell In Around 10 Days. The Median Sale Price Of A Home In The Area Was $490,000 Last Month, Down 7.5% Since Last Year.The Sacramento housing market is still very competitive. Homes in Sacramento can receive 4 offers on average and sell in around 10 days. The median sale price of a home in the area was $490,000 last month, down 7.5% since last year.

Many homes are still getting multiple offers, some with waived contingencies. The average home sells for about 1% above list price while hot homes can sell for about 5% above list price and go pending in around 6 days.

The Sacramento housing market has been a topic of great interest for homeowners, real estate agents, and investors alike. As with most of California, Sacramento is currently a seller’s market. The market forecast indicates a projected increase of 0.8% in home values over the next year, suggesting a positive trend soon. The side benefit of the relatively affordable Sacramento real estate market and increasing demand is that any real estate investment there will see significant appreciation.

One of the reasons the Sacramento market is much healthier than other areas is due to its true income mix. It offers real estate investment investors more options than luxury homes and densely packed affordable units, the only types of housing you see built in San Francisco.

If you are interested in purchasing or refinancing a property in Sacramento, or anywhere in California or Hawaii for that matter, but do not qualify for a conventional loan or just need some fast & flexible financing, consider a private mortgage with Sun Pacific Mortgage. Over the past 35 years we have helped over 10,000 borrowers get financing when everyone else turned them down. You can reach us at 707-523-2099 or find us at www.sunpacificmortgage.com.

Super-Fast Loan Done For Broker

January 30, 2017

Superbowl Promo Property Refinance In Santa Clara, California

Property Refinance in Santa Clara, California

I work with many loan Brokers and Realtors.  One of my Broker buddies called with a transaction he needed to get done for a borrower on a rental property refinance. The clients needed a $770,000 first mortgage at 10% interest only for 2 years – and it was needed quick as they had to close escrow on a new purchase of a multifamily property.

This Broker is a true professional.  He already spoke with the clients and had all of the documentation he knew was required for loan approval, which he then sent me.

The phone call to me on January 3rd and by January 22 all transactions were completed – the refinance and the new multifamily purchase. Touchdown!

Hard Money loans are like magic.  They have speed and flexibility.  In this type of market, with multiple offers, borrowers can benefit from hard money as it fulfills a tremendous purpose in real estate buying these days.