The DaRosa team welcomes you to our Digital Real Estate Newsletter! Our goal is to provide you with valuable information that will help you in your home buying and selling process! Feel free to browse our website!!

If you lined up the last few months of market commentaries and read them back to back, there would be one significant takeaway: The market is constantly changing - and a lot can happen in a month! If you are considering buying or selling a home, the future trend for interest rates and home values matter most! While many headlines indicate buyers are sitting on the sidelines waiting for a crash, the data continues to point to a normalizing market.

Here's the number of active listings on September 1st each year in the Sacramento region for the past 8 years. Right now we have more active listings on the market at this time than we did the past 2 years, so improvement is definitely here, but still not quite back to normal.

Goldman Sachs predicts 1.8% home appreciation in 2023 and 5% 30-year fixed rates. Freddie Mac projects a 4% appreciation and rates above 5% for 2023. These forecasts are national, so there is the possibility we will see some markets drop slightly. But interest rates may rise as well. Either way, homeownership will remain one of the best ways to build personal net worth.

Buyers who are eligible for a HomeReady mortgage can actually use a portion of rental income from roommates to qualify! Here's how it works: A borrower purchasing a new home, who has a roommate planning to live with them, can use a portion of that rental income to improve their purchasing power and help cover the mortgage payment. If shared residency can be validated, and provide documentation for prior rental payments, up to 30% of the qualifying income can come from a roommate!

While it is still a demand-driven market, the increase in inventory has given buyers more choices. One of the strategies we are using instead of a price reduction is to offer a seller paid 2/1 buydown. That helps lower the starting interest rate for buyers and is a powerful marketing tool. We would love to get you an analysis to show what it would cost and the benefit we can advertise to the buyer! Click the link to reach out to your friendly DaRosa Team Agent Today!

Last month we had a hugely impactful Community Giveback Event where we donated our time and resources to the Boys and Girls Club of Greater Sacramento! Click to read more about our day of service!

Do you have a friend or family member that wants to have access to the most valuable real estate knowledge, transaction help, or help with any other real estate related need? We would be honored to extend our services and extensive real estate knowledge! Click the link to Access our Referral Hub!