Rising mortgage rates making dramatic impact on Sacramento real estate market
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Rising mortgage rates making dramatic impact on Sacramento real estate market
Aug 22, 2023
CBS NewsJames Taylor,CBS13 Photojournalist
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Today’s Sacramento buyers are hypersensitive — to price, condition, interest rates, EVERYTHING. If a home needs paint, carpet, or is even slightly overpriced… they’re passing. But the homes that check all the boxes? Gone in days. Multiple offers. Full price or better. The market is polarizing: 🔥 Perfect homes fly 😬 Anything off sits Buyers aren’t lowballing — they’re just trying to survive the math. Groceries cost more, inflation’s real, and mortgage payments are no joke. So sellers have to st
1:31
Today’s Sacramento buyers are hypersensitive — to price, condition, interest rates, EVERYTHING. If a home needs paint, carpet, or is even slightly overpriced… they’re passing. But the homes that check all the boxes? Gone in days. Multiple offers. Full price or better. The market is polarizing: 🔥 Perfect homes fly 😬 Anything off sits Buyers aren’t lowballing — they’re just trying to survive the math. Groceries cost more, inflation’s real, and mortgage payments are no joke. So sellers have to st
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