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What’s Up with Real Estate?
National news and local views for the week ending Friday, January 10, 2025
Samson Badal
The current real estate market offers unique opportunities for buyersthough it’s a bit different from the past. With mortgage rates higher than in recent years, it’s a time for careful and strategic decisions. Please call me at 916-790-1599, and let’s talk about helping you find your best value.
National Real Estate News
A little pick-me-up
There was definitely a bit of pick-up in homebuying activity in the last quarter of 2024, as falling mortgage rates (May-September) and rising inventory (+20-30% year-over-year) improved both choice and affordability. Sadly, that may have ended with the recent sharp rise in mortgage rates. [Source: NAR]
Up and up
With Fed members having lowered their expectations for rate cuts in 2025 from four to just two, and limited recent progress getting inflation down, average mortgage rates have been grinding higher. And with the spring selling season around the corner, the timing is far from ideal. [Source: Federal Reserve]
Time for a change?
Life happens and circumstances change. If you’re feeling dissatisfied with your current home or its location, the start of the year is a great time to reassess your wants and needs! I can help you formalize your preferences, think about your budget, explain the local supply/demand dynamics, and keep an eye out for listings that match your needs.
Local Market Trends
As of Friday, January 10, 2025
| Area | Median Price | Active Listings | New Listings – 5 days | Median Days on Market |
|---|---|---|---|---|
| Roseville, CA |
$671,990
0.1%
|
118
-0.3%
|
7 |
69
0.3%
|
| Rocklin, CA |
$539,000
-0.2%
|
5
-0.9%
|
– |
97
0.5%
|
| San Jose, CA |
$1,038,500
-0.2%
|
318
-0.2%
|
83 |
38
-0.1%
|
/
) from Dec. to Jan. 2025.