Reporting from Sacramento —
The Golden State’s real estate market lost a bit more of its luster as the total value of California’s properties fell for the second year in a row. Ouch!
Closer to home, we are experiencing somewhat the same situation. Even though interest rates are still at historical lows, the amount of closed transactions in Kingsburg has dropped about 20% since this same time last year. Looking back at this summer, we had 7 closed escrows in Aug, 8 in July & 10 in June. The number of Active listings went from 39 back up to 47, which is exactly the opposite from last month. We are still holding over 30 pending escrows, waiting to close …. again a good thing. So in summary, the state of the local real estate market is reflected in the County, State and National economic situations.
On a personal note, our trip to Washington DC in late August to attend the Honor Rally at the Lincoln Memorial was an awesome experience. It was like being at a picnic with 750,000 of your personal friends or family. Nowhere did we see or hear any negativity, protests, hate or drama. It was a very moving event and one which we will forever remember. It was so good to see our military honored and treated with such esteem, especially the Vietnam Veterans from the 1970s.
One of our favorite things to have experienced was the divine fly over by a flock of geese, which flew in formation, from the Washington Monument, down over the reflecting pool in front of the Lincoln Memorial. Truly amazing! See picture below.
Thank you to all of you who took the time to sign our t-shirts for the Rally. We know you were there in spirit!