US Home Sales Plummet as Inventory Rises; Great Time for Central Valley Buyers

The latest figures for existing homes sales were released this week with very discouraging results. Existing homes sales have hit the largest monthly decline in history at 27.2%. This is coupled with a record breaking 11 year peak in housing inventory. On the bright side, if you are looking to buy in the San Joaquin valley, there is no better time than the present. With great inventory to choose from and 30 year fixed mortgage rates at an all time low of 4.56% it is truly a buyer’s market.