I was recently asked and honored to share my insight about the 2013 Sacramento Real Estate market for Ryan Lundquist's amazing blog. He compiled input from me and 11 other agents from around the area and asked for a twitter version recap. Talk about a hard task but here's what i came up with:
"The market was in full sprint mode from January through July with prices skyrocketing, multiple offer competition, no inventory to speak of and cash buyers everywhere. As 2013 comes to an end, the market is taking a holiday breather where many cash investors have pulled back, inventory is trickling up and buyers are taking a bit more time to make a decision, as balance of power is being restored."
I'm looking forward to 2014 in Sacramento Real Estate. It is shaping up to be an interesting year where it's anyone's guess what will happen for sure. I think it will be a mixed bag of results where there's a little something for everyone: first time buyers will have a fair shot, move up buyers will around again and actually be able to time their move to the new house while selling the old one, local investors will find some good deals here and there, short sales and foreclosures will still be scattered around and the values will bounce around but be up a little at the end of the year.
Here's the link to post so you can see everyone's thoughts.
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