Home >

Where Is the Real Estate Market Headed?

Fallhousingmarket With Autumn Here, What Can We Expect The Real Estate Market To Do?

With Autumn here, what can we expect the real estate market to do?

Typically, things slow down once the kids settle in at school, while sales prices and bidding wars all start to drop. But, here’s what the experts and data have to say about this Autumn’s housing market:

The supply of for-sale housing is incredibly low. In fact, Redfin reported that the total inventory was at an all-time low in June, dropping 15% compared to just one year earlier.

Because of the meager supply, existing home sales fell by about 2% in July. New home sales, however, were up 4.4% for the month and 31.5% over the year. Experts expect this trend to continue for the rest of this quarter.

Prospective homebuyers are turning to new construction as a way around the low inventory. The supply chain for builders continues to be a challenge, but builders are seeing it somewhat normalizing in most markets and believe that it will likely remain this way through the remainder of 2023.

If you are a prospective buyer getting turned down by other conventional lenders, don’t give up hope. We at Sun Pacific Mortgage have rescued many many buyers just like you, with our unique, fast & flexible private loan programs that allow otherwise rejected buyers to become homeowners.  We are also able to help homeowners access their equity to then get cash for downpayment on another home if they want to downsize or move out of area.  Whether you are shopping for a resale or a new home, we would like the chance to help!

You can reach us at 707-523-2099 or find us at www.sunpacmortgage.com.

An Unexpected Building Boom – California Real Estate New Construction

Califonira New Home Construction Homebuilders In California Are Not The Only Ones Busy During The Last Couple Of Months In A Surprise Surge, According To Dan Burns In Reuters.

Homebuilders in California are not the only ones busy during the last couple of months in a surprise surge, according to Dan Burns in Reuters.

“Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades.”

The Commerce Department said it reached a seasonally adjusted pace of 1.6 million units per year. This statistic indicates that homebuilding increased at the fastest rate since January 1990.

Permits for future construction also climbed suggesting the housing market may be turning a corner. Homebuilders are liking this market because the “rate-locked” present homeowners are not selling, making new homes much more available to the present buyers.

Throughout many of the populated California Counties, such as Marin, Sonoma, Santa Cruz, Sacramento and others, there are plenty of buyers increasingly looking at new construction and many builders are enjoying the improved supply chain which has lowered material costs.

If you are looking to purchase one of the more available newer constructions, consider a privately financed mortgage through Sun Pacific Mortgage. We are not limited to providing loans to the “pristinely perfect” credit score population. Property condition is also not an issue with us. Our Lenders have an interest primarily in the equity available in the property so a good down payment or existing equity on real estate you want to pull cash out on, is what is concentrated on.

If you are considering buying or refinancing in California or Hawaii, give us a call at 707-523-2099 or find us at www.sunpacmortgage.com.

California North Bay Real Estate Trends

Wine Country Real Estate Trends For January 2022

Overbidding has become a common catch word in real estate, with resolute, prospective buyers showing over time that they’re willing to pay over asking price. The trend has accelerated in the last few years since the pandemic took hold. In May 2020, 25% of the offers were over the listing price. Three years later, 55% of the bids were over.

Listings are low all over California and across the nation, insiders have indicated. Therefore, home sales are fewer in numbers by about 20%. One North Bay County, Sonoma, knows the pain of the housing shortage, lacking about 38,000 units to provide adequate shelter for its residents. Still, home sales are still happening as the demand refuses to subside.

We just need to look at the median home price in the following cities to realize that the “supply and demand” principle is alive and well in the North Bay.

2023 Sonoma County median sales price

-Brokerwood: $2.9M

-Sea Ranch: $1.3M

-Healdsburg & Bodega Bay: $1.2M

-Penngrove & Glen Ellen: $1.1M

-Sebastopol: $1M

-Sonoma: $987,000

-Santa Rosa: $943,000

-Petaluma East & West: $925,000 & $850,000, respectively

Source: Compass

The heavy demand and lack of resale property has forced the average days on the market to plunge in a 3 ½-year period, from a high of 88 days in January 2020 to 40 in May 2023, according to the Compass analysis.

For those hopeful homebuyers and Investors, if you are looking to increase your odds with a stronger purchase offer, or you want to get in on those fix & flips or up & coming newly constructed homes but having difficulty with mortgage approval elsewhere, try reaching out to Sun Pacific Mortgage & Real Estate.  We have been lending in California for almost 36 years, are family owned & operated and are trusted by over 10,000 borrowers & buyers.  We are happy to help when we can!  Find us at www.sunpacificmortgage.com or call us at 707-523-2099.

The Hottest ZIP Codes in California Today

Californiarealestatehot We Are All Aware That The Housing Market Has Slowed Considerably This Year, Especially If We Compare It To The Past Pandemic Fueled Frenzy Of 2020-2022. The Obvious Reasons For This Slump Are The High Interest Rates And Low Inventory In A Very Competitive Market, But There Are Still Some Areas, Even In California, Where There Is Still Heightened Activity.

We are all aware that the housing market has slowed considerably this year, especially if we compare it to the past pandemic fueled frenzy of 2020-2022. The obvious reasons for this slump are the high interest rates and low inventory in a very competitive market, but there are still some areas, even in California, where there is still heightened activity.

This month in the SFGate they reported on a survey that was done by Realtor.com recording the most recent hottest ZIP codes in the country’s various metro areas. The rankings were based on a combination of market demand measured by views on Realtor.com and how fast homes sold. The list includers only one hot ZIP code per metro area. In California Livermore was the hottest spot in the Bay Area and Bakersfield was the most desirable in the Central Valley.

Livermore’s 94550 ended up at No.44 on the list with a median list price of $1.4 million. Granted, the area isn’t exactly affordable, and yet homes attracted more than double the attention per property and spent less time on the market compared with the greater San Francisco metro area.

Another surprising city which made the list was Bakersfield’s 93309 which landed at No. 24. It had a median list price of $340,000 in June 2023, a much more affordable price in a much more affordable metro area in the state.

In 2022, the only California market to crack the top 50 was Eureka, which took the 28th spot. The medium home price at the time was $480,000, but this year homes in the area are staying on the market longer causing it to drop off the list.

Prices have risen dramatically in the past few years in California, and no ZIP code has made it to the top 10 hottest ZIP codes since 2019.

If you are a hopeful buyer in this stressful economy, and if you have tried to qualify for a convention mortgage and failed, don’t despair! Sun Pacific Mortgage has rescued thousands of buyers just like you over the past 35 years. We have a family of investors who are willing to offer you a privately financed loan allowing you to realize your dream of homeownership today. Give us a call at 707-523-2099 or find us online at www.sunpacificmortgage.com.

Why Invest in California Trust Deeds?

2022 05 Msr 1 The Short Answer To That Question Is Wouldn’t You Want Your Investment Money To Gain Upwards Of 12% Or More Interest? There Are Very Few Stocks Or Bonds These Days Paying Such Handsome Interest.The short answer to that question is wouldn’t you want your investment money to gain upwards of 12% or more interest? There are very few stocks or bonds these days paying such handsome interest.

What are trust deeds? Trust deeds (mortgages) are investments in a loan, secured by real estate, directly to the borrower. Rather than putting your money in a bank and having the bank make the real estate loan, private investors actually make the loan directly. The trust deed investment business is huge in California.

There are two ways to invest in trust deeds: One is through a mortgage fund (like a mutual fund), the other is by investing directly in trust deeds through a licensed mortgage broker.

With a hard-money mortgage fund, also known as private money, you are investing with many other shareholders in real estate for which you do not need to be directly responsible.  Sounds good, right? Except, that just about every hard money mortgage fund in history has failed horribly during the regular real estate crashes that seem to hit every ten to fourteen years.

Sun Pacific Mortgage has been in the trust deed business in California for over 35 years. Our investors finance trust deeds directly through a legitimate mortgage broker. In this case, once the borrower and property are vetted and equity determined, the investor is directly lending to the actual borrower on a specific piece of property.

Then you make the monthly return on investment as the borrower makes their payments.  If you are interested in participating in such an investment, reach out to Sun Pacific Mortgage via their website at www.Sunpacificmortgage.com or by phone at 707-523-2099 to find out more.

Roping In That Loan Size & Speed Ya Need!

Bull Wrangling Get Your Ropes Around That Stubborn Loan By Taking Advantage Of Our Private Money Programs.  With Funding Options Over 2 Million, After 35 Years We Still Have Not Run Out Of Money And Are Ready To Quickly Work With You To Get Your Real Estate Loan Funded - Just Like We Did Below:Get your ropes around that stubborn loan by taking advantage of our Private Money Programs.  With funding options over 2 million, after 35 years we still have not run out of money and are ready to quickly work with you to get your real estate loan funded – just like we did below:

Recently Funded

Program: Owner-Occupied Purchase
Loan Size: 1.72 million
Location: Contra Costa County
Why Came To Us: Self employed with difficult to prove income.

Program: Business Purpose Refinance
Loan Size: 780k
Location: Sacramento County
Why Came To Us: Wanted to do debt consolidation on business debt & on high interest rate credit cards to repair FICO.Program: Investment Property Refinance
Loan Size: 950k
Location: Alameda County
Why Came To Us: Debt to income ratio higher as Borrower owned multiple properties and flipped houses.

We work many Borrowers to help get the refinance or purchase financing they need – FAST – and despite being turned down by their Local Lender.  Visit our website at www.sunpacificmortgage.com or give us a call at 707-523-2099 with your scenario to see how we can help you or someone you know wrangle up that needed loan!

BIG And FAST With Our Private Money Loans!

Wild Ride Getting Financing Turned Down At The Last Minute Or Loan Taking Too Long? End The Wild Ride And Get Financed With One Of Our Direct Private Money Programs.

Turned down at the last minute or loan taking too long? End the wild ride and get financed with one of our Direct Private Money Programs.

So how our Private Money loans can help you or someone you know just like was done below:

Recently Funded

Program: Investment Property Cash-Out
Loan Size: 885k
Location: Los Angeles County
Why Came To Us: Difficult to prove income as self-employed

Program: Investment Property Purchase
Loan Size: 804k
Location: Marin County
Why Came To Us: Recent divorce created debt and credit issues that the borrower wanted to consolidate so could repair both.

Program: Owner-Occupied Refinance Business Purpose
Loan Size: 625k
Location: Sacramento County
Why Came To Us: Business loan coming due and still had FICO issues to handle before qualifying for conventional financing.

If you or someone you know needs fast financing or you’re having difficulty proving income or otherwise turned down, we have the answer! Visit our website at www.sunpacificmortgage.com us at 707-523-2099 and we will get back to you with how we can help.

Real Estate Returns To A More Normal Growth

0379 637486163868813724 According To Danielle Hale, Realtor.com’s Chief Economist, The More Bullish Outlook Predicted For This Year’s Real Estate Market Has Been Revised To Slip This Year, But Less Than 1%. She Expects Home Prices To Rebound More Convincingly In 2024.

According to Danielle Hale, Realtor.com’s chief economist, the more bullish outlook predicted for this year’s real estate market has been revised to slip this year, but less than 1%. She expects home prices to rebound more convincingly in 2024.

Although the pace of growth will be nothing like sellers or buyers witnessed during the past couple of years, it will be the real estate market’s normal pace.

When Zillow polled 117 economists and housing experts, their consensus was that home prices would increase at an annual rate of 3.5% until 2027.

“A return to more normal growth would be welcome after the rollercoaster ride that home prices have been on lately,” Jeff Tucker, Zillow’s senior economist said in the survey release.

The annual return on single-family homes reached nearly 13% between 2021-2022. In California, the appreciation was even higher. That’s a sharp contrast to so-called “normal growth”, which averaged an annual increase of 4.8% between 1987-2000.

Although housing prices may be declining in certain areas of California versus last year, they have been up month over month for the last three months.  Much of that increase is because of an imbalance in supply and demand. The number of previously owned homes on the market was at a record low in May, which helps to keep prices elevated.

Buyers are turning to new homes but with an eye to affordable ones. Buyers may find better deals later this year when price increases seen in spring and summer tend to slow down as the most popular time for homebuying winds down.

If you are looking to access the equity accrued during the past couple of months but have high debt-to-income ratios, can’t prove your income or need a fast close, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We have been in business for over 35 years offering private mortgages to prospective California homeowners, being a trusted source for alternative financing.

North Bay Real Estate Statistic Comparing March 2021 to June 2023

Northbaycomps In The July 24, 2023 Issue Of The North Bay Business Journal, There Were Several Charts Comparing The State Of Real Estate In Four North Bay Counties: Napa, Solano, Marin &Amp; Sonoma, Between March 2021 And June 2023.


In the July 24, 2023 issue of the North Bay Business Journal, there were several charts comparing the state of real estate in four North Bay Counties: Napa, Solano, Marin & Sonoma, between March 2021 and June 2023.

While listings may be shrinking and the median days on the market may be lengthening, the median price of homes has maintained almost all the appreciation it acquired over the past two years.


  • New Listings: Mar.2021=178, June 2023 =130
  • Total Listings: Mar.2021 =353, June 2023 =356
  • Median Sales Price: Mar.2021 =$1,359,000, June 2023 =$1,697,500
  • Median Days on Market: Mar.2021 =60, June 2023 =66


  • New Listings: Mar.’21-504, June ’23-388
  • Total Listings: Mar.’21-651, June ’23 823
  • Median Sales Price: Mar.’21-$521,975, June ’23-$626,000
  • Median Days on Market: Mar.’21-26, June ’23-37


  • New Listings: Mar.2021 =356, June 2023 =264
  • Total Listings: Mar.2021 =466, June 2023 =543
  • Median Sales Price: Mar.2021 =$1,350,000, June 2023 =$1,425,500
  • Median Days of Market: Mar.2021 =41, June 2021 =53


  • New Listings: Mar.2021 =690, June 2023 =440
  • Total Listings: Mar.2021 =1104, June 2023 =1035
  • Median Sales Price: Mar. 2021 =$822,000, June 2023 =$1,124,000
  • Median Days on Market: Mar.2021 =42, June 2023 =47

Whether you are a potential home buyer or you are an investor looking for a solid real estate investment to grow your wealth, Sun Pacific Mortgage family team could be the perfect match for your needs.

As an Investor, you can co-invest or individually invest for higher returns, as high as 12% at times. We have been in business for over 3 decades now, offering private mortgages to those in need of fast mortgages and to borrowers who don’t qualify for a conventional loan because of a variety of reasons.  Email through our website, give us a call at 707-523-2099 or find us at www.sunpacmortgage.com.


Hot Summer Financing!

2 Copy Turned Down By Your Local Lender For A Refinance Or Purchase Loan - Because Of Credit Issues, Difficult-To-Prove Income, Property Doesn’t Qualify?

Turned down by your local lender for a refinance or purchase loan – because of credit issues, difficult-to-prove income, property doesn’t qualify?

These aren’t a problem for us! Let’s work together to help you or someone you know get into their dream home.

Recently Funded With Our HOT Summer Programs:

Program: Owner Occupied Refinance, Business Purpose
Loan Size: 705k
Location:  Sonoma County
Days To Fund: 6 Days
Why Came To Us:  Self-employed with difficult to prove income

Program: Non-Owner Occupied Purchase
Loan Size: 631k
Location:  Sacramento County
Days To Fund: 11 Days
Why Came To Us:

Program: Owner Occupied Bridge Purchase
Loan Size: 615k
Location:  Contra Costa County
Days To Fund: 13 Days
Why Came To Us: Sellers didn’t want a sale contingency offer so Borrower got our fast Bridge loan to remove this contingency & got their offer accepted!

Program: Owner Occupied Cash out for Business Purpose
Loan Size: 581k
Location:  Monterey County
Days To Fund: 15 Days
Why Came To Us:  Had free and clear property but had credit issues and wanted to debt consolidation to improve FICO

Just call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com to see what we can do to help!

Posts navigation