Jason Walter, Real Estate Pro in Sacramento, CA

It's been a wild year in real estate for Sacramento County. What are your predictions for the greater Sacramento real estate market in 2014?

Asked by Jason Walter, Sacramento, CA Sun Dec 1, 2013

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4
Great question Jason. I believe inventory will continue to improve making it easier for buyers to get into contract next year. Obviously, there are tons of frustrated buyers that ran into months of rough competition. Couple that with rising interest rates during part of the year and you saw a lot of buyers priced out of the market. New buyers are now coming in to the market with current preapprovals. I believe that trend will continue. Cash buyers are really picking their spots now as the run up in pricing has affected the math and the investments are not quite as attractive as they were at the beginning of the year. The stock market has experienced a significant run up. If there's a correction in stocks in the first quarter, as some are predicting, you may see more cash buyers looking to park their money in real estate with a more stable returns on their investment. The RE market is quite price sensitive at the moment after a stretch of "sky's the limit". Homes that are priced logically, within reasonable ranges for the neighborhood, will continue to sell. Those priced at the high end, or higher, will likely sit.
2 votes Thank Flag Link Sun Dec 1, 2013
1) I believe we will continue to stabilize in the market.

2) Buyers are finding they can be more picky and wait for the right home.

3) We will see an increase in inventory in the spring and summer months.

4) Buyers will still demand an updated home.

5) Interest rates will probably rise and fall again and rise again.

6) Hopefully short sales and foreclosures will be next to nothing.
1 vote Thank Flag Link Tue Dec 3, 2013
Inventory prediction in 2014 = More
Interest rate in 2014 = More
Demand = Same as 2013 unless we hav 4% unemployment rate
Now you do the math
0 votes Thank Flag Link Sun Feb 9, 2014
Predictions are very difficult, especially about the future.
0 votes Thank Flag Link Mon Dec 2, 2013
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