With the arrival of June, it’s time to dive into our beloved community’s thriving real estate scene.
We currently have seven Active listings with a median price of $849,900, eight Pending homes with a median price of $799,500, and in May, we had seven home sales with a median sold price of $830,000. The 30-year fixed rate loan is at an average of about 6.9%; a year ago, it was roughly 5.27%, according to the Bankrate.
Experts expect rates to decrease by the end of 2023 as the Fed’s round of rate hikes draws to an end, but the resilience of the U.S. economy is throwing a wrinkle into those expectations. So is the ongoing political showdown over the federal debt ceiling.
With all the news buzzing around us about inflation, interest rates, and other market news, I am thrilled to unveil an upcoming Home-Wise seminar designed explicitly for our vibrant local community. My dynamic duo of guest speakers, attorneys Jay Woidtke and Emma Woidtke, as we dive deep into the world of innovative estate planning strategies. What should be in your estate plan? Discover essential strategies to protect your assets, minimize taxes, and ensure your loved ones are provided for. And find out more about the “Big Picture” impact of Prop 19 and “Triggering” events on when you should revisit and review your estate plan.
Please take advantage of this valuable opportunity for anyone at any stage in your life and mark your calendars for Saturday, June 10th, from 11 am to 12 pm at our local San Lorenzo Library. This is an opportunity you will want to take advantage of! Call me at 510-278-0800 or firstname.lastname@example.org if you wish to sign up. Seats are filling up, so reserve your spot now!