Interest Rate Changes 2019
Lots of changes in our West Roseville real estate market in the past year. (CLICK HERE for the LATEST real estate market updates for the Roseville CA area. 😄 )
For that matter, a lot of changes in the real estate market in the United States, thanks in large part to interest rate changes!
As Kiplinger shares, “The Fed Turns Dovish!” According to author David Payne, “Some investors are betting on a rate cut, but are likely to be disappointed. They think the slowing global economy will force the Fed to backtrack. However, Chairman Jerome Powell emphasized March 19 that many things are going right: Wages are growing, consumer confidence has rebounded, and financial conditions are good. He said that economic fundamentals are strong. Cutting rates would look pessimistic, and the Fed is not pessimistic.” Sounds like relatively good news for home buyers.
For that matter, it seems to be spelling good news for those looking to refi as well. Check out this Forbes headline: Mortgage Rate Drop Opens Refi Door For Nearly 5 Million Homeowners, with this intriguing quote, ““While this will certainly impact buying power and housing demand as we enter the spring homebuying season, it’s also had a massive impact on refinance incentive almost overnight,” Black Knight reported in its newly released Mortgage Monitor.”
According to the latest update newsletter from Big Valley lender, Rodney Anderson, “Rates for a 30-year fixed rate mortgage trended downward again, according to Freddie Mac's Primary Mortgage Market Survey for the week ending March 21. Rates have dropped sharply since November 2018.” Great news, indeed!
West Roseville 95747
General Real Estate Market Update
Aren't the flowering fruit trees a sweet delight as we drive around all of Roseville and the surrounding greater Sacramento Valley? I thought they'd make a lovely background for the latest West Roseville real estate market update trends for our 95747 zip code area.
Check out these great charts from the Sacramento MLS:
Apparently last month was VERY active and we're a bit slower (RAIN!). BUT overall between now and last year, we are AHEAD!
55 Plus Senior Retirement Communities Real Estate Market Update
As long time readers of my blog know well, we have several great 55 + senior retirement communities in the 95747 zip code, with more coming. So let's check out 3 of my fave 55+ homes – The Club, Silverado Homes at Eskaton Village, and the lovely golf retirement community of Sun City Roseville CA:
In the past 6 months:
- Del Webb The Club at Westpark – there were about 15 sold over past 6 months and 29 homes sold over past year.
- Silverado Homes at Eskaton – there were about 15 sold over past 6 months and 29 homes sold over past year.
- Sun City Roseville California – there were about 92 homes sold over the past 6 months and185 over the past year.
Sun City Roseville continues to lead in sales, which makes perfect sense, since it is so much bigger than the other communities. Giving you a great choice from a large golf retirement community with tons of options or a smaller setting retirement community – both with great activity options and each with their own specialities for the specific needs of various buyers. A win-win-win all around.
Happy Spring in West Roseville CA 95747!
Speaking of Sun City Roseville, and indeed, all of West Roseville. This area is so beautiful in the spring. Enjoy this video of some of the beautiful sights I photographed while walking around the sidewalks of Sun City as well as the sweet hidden byways you can find hidden in the midst of Sun City. Did you know it's a bird sanctuary too? Sweet! 🙂
House Hunting in West Roseville CA
55 + Retirement Homes for Sale in West Roseville
Specifically house hunting for 55 homes for sale Roseville CA? Check these lovelies out!
Homes for Sale in West Roseville CA
Let's Get Going
Ready to start house hunting? Give us a call at 916-768-0127 or email us at KayeSwainRE@gmail.com.