Mo Hadid

California REALTOR®

Archives for September 2022

Happy October Sacramento!

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There are so many fun things to do in Sacramento, CA. Keep reading for some of the fun events happening this October.

 

Sac Porchfest

When: October 1st, 2022

Where: Boulevard Park neighborhood of Midtown Sacramento, near the intersection of I Street and 21st Street.

“Sac Porchfest is a fun, free, community-focused afternoon of local music in Midtown Sacramento. The grassroots event debuted in Sacramento in 2015 and is hosted annually. Artists perform throughout the afternoon on porch “stages” in the Boulevard Park neighborhood, near the intersection of 21st Street and I Street.

The event showcases some of the things that make Sacramento great — talented performers, tree-lined streets, beautiful architecture, and friendly people.” Learn more here.

 

Acorn Harvest: West Sacramento

When: October 1st, 2022

Where: West Sacramento Barge Canal recreation access Barge Canal Access Road West Sacramento, CA 95691

“Join us for an acorn harvest event to explore our open space areas and harvest acorns used to grow native oaks for reforestation efforts. Come learn about native oaks and how to properly collect healthy acorns that SacTree will plant at a later date. We will be walking through oak woodlands through areas of tall grass and uneven ground.

We provide all the necessary training and supplies to harvest acorns. Participants will receive a short, hands-on training on site.” Learn more here.

 

Sacramento Home & Garden Show

When: October 7th-8th, 2022

Where: Cal Expo, Building A & B
1600 Exposition Blvd
Sacramento,CA95815United States

“The annual fall edition of the Sacramento Home & Garden Show returns to Cal Expo this October! Renovating and upgrading your home can be a stressful process if you don’t have the right team to help. For over 40 years, the Sacramento Home & Garden Show have been helping homeowners find the resources, savings, and professionals to get the job done right!

Meet and learn from top local experts in a casual, comfortable, no-pressure environment. You’ll see the newest in landscaping, gardening, patios, fencing, decks, heating and air, solar, insulation, remodeling, new construction, plumbing, kitchens, baths, closets, home furnishings, appliances, lighting, roofing, painting, gutters, home security, windows, doors, siding, tile, stone, granite, BBQs, pools, spas and more!” Learn more here.

 

Sacramento Turn Verein – Oktoberfest 2022

When: October 7th-8th, 2022

Where: Turner Hall, 3349 J Street Sacramento, CA 95816

“The Sacramento Turn Verein will hold its 53rd Annual Oktoberfest at Turner Hall, a celebration patterned after the world-famous Oktoberfest in Munich. The largest folk festival in the world has been a Bavarian tradition for 200 years.

Many Sacramentans have come to anticipate the Turn Verein’s Oktoberfest because they know they can enjoy traditional German music, food and drink that they can find only at this event. The Sacramento Turners host the best Oktoberfest in the Sacramento area.

Entertainment includes German band Gruber Family Band in the Main Hall , AKA LIVE the rock-& roll band upstairs in the Festhall, the Alpenmeisters in the Biergarten and performances by the Alpentänzer Schuhplattlers.” Learn more here.

 

Fall Festival Spooktacular

When: October 8th, 2022

Where: Esther’s Park 3408 3rd Avenue Sacramento, CA 95817

“The Night Market Series Presents: Fall Festival Spooktacular There will be FREE admission, live music & DJ, 20+ local owned businesses and community organizations, live art and performances, Food and Drinks, and fun for all ages.” Learn more here. 

 

Día de Los Muertos Fiesta 2022

When: October 14th, 2022

Where: California Museum, Archives Plaza 1020 O Street Sacramento, CA 95814

“Celebrate the new exhibit Mujeres Inspiradoras: Dia de los Muertos 2022 at the California Museum’s annual Día de los Muertos Fiesta on Fri., Oct. 14! Highlights include: Public opening of the new exhibit Mujeres Inspiradoras: Dia de los Muertos 2022, Appearances by exhibit artists Sonya Fe, Lila Rivera and Willow Vielguth, Mayahuel food, drinks and snacks for sale
Maquilli Tonatiuh Aztec Dancers performance and ceremonial blessing, Live music by Mariachi Bonitas de Dinorah Klingler, Sugar Skull Workshops with Rob-O of I Love Sugar Skulls ($15 materials fee), Mercado de los Muertos featuring pop up shops from John S. Huerta Arte and other local artists and artisans. There will be a costume contest with prizes, hands-on activities for kids suitable for ages 3 & up, and more fun for the entire family & all ages — don’t miss it!” Learn more here.

 

Stamp & Scrapbook Expo

When: October 21-22, 2022

Where: Cal Expo, Pavilion
1600 Exposition Blvd
Sacramento,CA95815United States

“Stamp & Scrapbook Expo caters to paper crafters of all types and experience levels. Card Makers, Stampers and Scrapbook enthusiasts can find new products and designs from vendors. Swap ideas with like-minded crafters and learn new techniques by taking a workshop.” Learn more here.

 

Tractors & Brews

When: October 28th, 2022

Where: California Agricultural Museum, 1958 Hays Lane Woodland, CA 95776

“Oktoberfest becomes the focal point for this year’s Tractors & Brews at the museum. Opening on Friday, October 28th from 6pm – 9pm; this traditional Bavarian style watering hole will feature music, food tasting, and a variety of brews and wines. This is sure to be our biggest and best Tractors & Brews event to date and we want you to be a part of it. Event proceeds benefit the museum while congratulating makers of myth and their success in digging in. This an all ages welcome type of event. We encourage all families to come on by and enjoy the festival!” Learn more here.

 

Trick or Treat – FestiFall

When: October 29th, 2022

Where: Sutter Street Parking Garage, 905 Leidesdorff St, Folsom, CA 95630

“Visit Historic Folsom for some good old fashioned Trick or Treating! Fun and treats up and down the district! 1-4PM Trick or Treating with all participating merchants on Sutter Street. 1-4pm Jump Houses, Games, Prizes and more! At the Sutter St & Wool St lot. Event sponsored by Bayside Folsom and The Folsom Historic District Association. FREE Parking at 905 Leidesdorff St in the parking garage.” Learn more here.

 

Pumpkin Patch

When: Everyday until Halloween

Where: 2952 Carson Road, Placerville, CA 95667

“Experience Apple Hill Family Fun Amongst the Farms at Our Scenic U-Pick Pumpkin Patch! Boa Vista’s Apple Hill Pumpkin Patch is Officially Open Daily Until Halloween and has been Creating Lasting Family Farm Memories during Fall in the Beautiful Apple Hill California Farming Area for Decades. Open 8am to 5pm Every Day Until Halloween! The Family Friendly Apple Hill Pumpkin Patch Will Be Open and Filled with Countless Farm Grown Pumpkins! Enjoy a Fun Day in Apple Hill California at the Pumpkin Patch and Snap Pictures with the Famous Boa Vista Family Farm Cut-Outs and Enjoy the Beautiful Scenery!” Learn more here.

 

Sacramento Scream Park

When: Various Dates Throughout October

Where: Haunted House Sacramento, 4909 Auburn Blvd, Sacramento, CA 95841

“Sacramento Scream Park is Sacramento’s largest and most elaborate haunted house event! The actors are back for 2022! This 30 minute walk-through has three unique themes, filled with countless scares and trained actors. Get psychologically consumed by our extraordinarily detailed sets designs that leave you wondering how to get out of this real-life horror movie.” Learn more here.

 

Events time and dates are subjected to change please visit websites for more information.

 

Crucial First Step Before Buying a Home

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Some Highlights

Are Things Just Slowing Down, Or Is A Crash Coming?

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The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming?

To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year.

The Reality of the Shift in Today’s Housing Market

The reality is we’re seeing an inflection point in housing supply and demand. According to realtor.com, active listings have increased more than 26% over last year, while showings from the latest ShowingTime Showing Index have decreased almost 17% from last year (see graph below). This is an inflection point for housing because, over the past two years, we’ve seen a massive amount of demand (showings) and not enough homes available for sale for the number of people that wanted to buy. That caused the market frenzy.

Today, supply and demand look very different, and the market is slowing down from the pace we’ve seen. This offers proof of the sudden slowdown so many people are feeling.

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble? | Keeping Current Matters

What Experts Are Saying About Home Prices in the Coming Year

Right now, most experts are forecasting home price appreciation in 2023, but at a much slower pace than the last two years. The average of the six forecasters below is for national home prices to appreciate by 2.5% in the coming year. Only one of the six is calling for home price depreciation.

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble? | Keeping Current Matters

When we look at the shift taking place along with what experts are saying, we can conclude the national real estate market is slowing down but is not a bubble getting ready to burst. This isn’t to say that a few overheated markets won’t experience home price depreciation, but there isn’t a case to be made for a national housing bubble.

Bottom Line

The real estate market is slowing down, and that’s causing many to fear we’re in a housing bubble. What we’ve experienced in the housing market over the past two years were historic levels of demand and constrained supply. That led to homes going up in value at a record pace. While some overheated markets may experience price depreciation in the short term, according to experts, the national real estate market will appreciate in the coming year. Want more information about the Sacramento housing market? Click here to contact Mo Hadid with Quest Real Estate.

Should You List Your Home This Fall?

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Should I Sell My House This Year?

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.

Opportunity #1: You Have More Options for Your Move

One of the biggest stories today is the growing supply of homes for sale. Housing inventory has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.

If you’re selling your house to make a move, it means you’ll have more options for your own home search. That gives you an even better chance to find a home that checks all of your boxes. So, if you’ve put off selling because you were worried about being able to find somewhere to go, know your options have improved.

Opportunity #2: The Number of Homes on the Market Is Still Low

Just remember, while data shows the number of homes for sale has increased this year, housing supply is still firmly in sellers’ market territory. To be in a balanced market where there are enough homes available to meet the pace of buyer demand, there would need to be a six months’ supply of homes. According to the latest report from the National Association of Realtors (NAR), in July, there was only a 3.3 months’ supply.

While you’ll have more options for your own home search, inventory is still low, and that means your home will still be in demand if you price it right. That’s why the most recent data from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.

Opportunity #3: Your Equity Has Grown by Record Amounts

The home price appreciation the market saw over the past few years has likely given your equity (and your net worth) a considerable boost. Danielle Hale, Chief Economist at realtor.com, explains:

“Home owners trying to decide if now is the time to list their home for sale are still in a good position in many markets across the country as a decade of rising home prices gives them a substantial equity cushion . . .” 

If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help. It may be just what you need to cover a large portion (if not all) of the down payment on your next home.

Bottom Line

If you’re thinking about selling your house this season, contact Mo Hadid with Quest Real Estate so you have the expert insights you need to make the best possible move today.

 

Experts Predict Mortgage Rates Will Stabilize

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Expert Forecasts on Mortgage Rates

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow?

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from the housing market experts.

Experts Project Mortgage Rates Will Stabilize

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead. According to the latest projections, mortgage rates are expected to hover in the low to mid 5% range initially, and then potentially dip into the high 4% range by later next year (see chart below):

Expert Forecasts on Mortgage Rates | Keeping Current Matters

That could bring you some welcome relief. So far this year, mortgage rates have climbed over 2% due to the Federal Reserve’s response to inflation, and that’s made it more expensive to buy a home. And wondering if the rise in rates will continue is keeping some prospective buyers on the sidelines.

But now that experts say mortgage rates should stabilize, this gives you a bit more certainty about what they think the future holds, and that may help you feel more confident about your decision to buy a home.

Bottom Line

Whether you’re looking to buy your first home, move up to a larger home, or even downsize, you need to know what’s happening in the housing market so you can make the most informed decision possible. Contact Mo Hadid with Quest Real Estate for what’s happening in the Sacramento housing market and what that means for your homeownership goals.

Is It Still A Sellers’ Market?

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Some Highlights

  • While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low.
  • The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price.
  • You haven’t missed your opportunity to sell. Contact Mo Hadid with Quest Real Estate today!

 

Mo Hadid
Broker & CEO

(916) 804-0039|Contact Mo
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