All posts by Team Kriege

The MBS Highway Survey, which is comprised of roughly 3,000 Mortgage and Real Estate Professionals, was just released for October. There is certainly a slowdown in activity and pricing pressure from September to October, with only 29% of respondents are still citing that their markets are active, while 71% note that it is slower. 5% of those surveyed are still seeing price increases, while 74% are seeing some degree of price decreases, although many of these are listing prices that are coming down to earth and not home value declines.

Ryan Lundquist

Thanks Ryan! You always have your pulse on the market! And although you are in Sacramento, there is enough resemblance in the market, to make this applicable in Southern California.  https://sacramentoappraisalblog.com/2022/09/27/chuck-norris-eats-7-mortgage-rates-for-breakfast/

Markets in a Minute

Ryan Lundquist

Thanks Ryan! You always have your pulse on the market! Checkout August 15th Blog post showing Orange County & LA county in the green with room for appreciation. https://sacramentoappraisalblog.com/…/the-inventory…/

PRICE GROWTH IS SLOWING: (By Ryan Lundquist):

Instead of being up 15-20% from last year, we’re starting to see stats closer to 6% or so (though each county is different). In a normal year we should see a slight dip for the next couple of months and then a bit of a flat median price trend. Let’s keep watching to see what happens. But there is a little bump sometimes in the fall too as buyers tend to have one last rush on the market before the holidays, so be on the lookout.

Markets in a Minute