The Silver Lining to the National Home Sale Projections from Yesterday is that the NW California and specifically Humboldt County, housing market is solid in multiple sectors.
Yesterday, Monday, April 13th, the chief economist, Lawrence Yun, released a press statement stating a lower revision than previously stated for the number of homes projected to sell nationally, from 14% increase to a 4% increase over 2025.
The buyer demand is still very strong with a shortfall of homes available in certain sectors, such as 300-500,000 dollar range. This portion of the market in Humboldt County is occasionally experiencing multiple offer situations when buyers recognize strong value.
Also, according to Yun, expect the new norm for interest rates to be low 6’ to 6.5%.
This is an opportunity for buyers, even with a tight inventory to be a homeowner and still expect appreciation as well as the perks of home ownership.