Ryan Lundquist

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Ryan Lundquist

Ryan Lundquist

@SacAppraiser

Appraiser, housing market analyst, graph maker, blogger, speaker, woodworker wannabe, and family man.

Sacramento, CA Katılım Ekim 2009
1.6K Takip Edilen14.9K Takipçiler
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
Pretty cool to be in the New York Times today. It’s a piece about tech companies, and I shared some thoughts about tech home flipping. nytimes.com/2023/01/23/tec…
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
I had so much fun in Reno this weekend. So grateful for a getaway to recharge. Went to a concert, magic show, and a skate park this morning. This is me figuring out how to do it all again. Leaning into life in 2026. That’s the theme.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
@jillayne Yes. So much fun. We had great seats also. Makes such a difference.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
One of the things I’m doing this year is leaning into going to concerts with my wife and friends. We saw Switchfoot, Lit, and Fuel last night in Reno. Such a fun show. My friend got the set list from two of the bands and a Lit pick. These will look cool in my man cave.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
@GoLikeHell_ They certainly play a role in setting the price, but they don’t make the market go up or go down. If they could keep prices higher, 2007 wouldn’t have happened. And prices have softened this past year. There’s something bigger than agents.
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GoLikeHell
GoLikeHell@GoLikeHell_·
@SacAppraiser Absolutely disagree. They help set prices to move homes. Higher the price, higher the commission. Look at the NAR lawsuit, that was caused by realtors trying to ensure commissions. Realtors are at the top of the food chain for causing home valuation issues
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
A reminder for my real estate friends. Stay focused. Be yourself. Have a plan. Work the plan. Run toward the challenge of this market. Don’t obsess over prices and rates. Find the people who have incentive to participate in today’s market. Bottom line.
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GoLikeHell
GoLikeHell@GoLikeHell_·
@SacAppraiser My advice would be to lower the prices of the homes and be the first, after that it's going to be a race to the bottom.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
@ThatJonKorn Yeah, most homes at this price point do sell below the original list price. I find the highest prices locally are the most overpriced in general.
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Jonathan Korn
Jonathan Korn@ThatJonKorn·
@SacAppraiser If it's in Sacramento and it's over $2M, it's overpriced, and you can expect it to sell under asking.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
Different vibes in the Bay Area and Sacramento. Properties in the Bay Area are often priced strategically low. More on my blog. What stands out to you here?
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
@GregBalzer That diminishes demand, which could help soften prices. One of the big factors here is seller behavior though also. If sellers start backing off due to uncertainty, that could keep things tighter.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
Let's look to multiple price metrics to try to understand the market. Here are various sources I watch every month. I think we can generally say prices are down about 2% from one year ago in the Sacramento region. Look to the comps most of all though.
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Shawn Gorham
Shawn Gorham@shawngorham·
Baker bought us In N Out today Keith takes Baker to $45 cheeseburgers - we had lunch for 3 under $30 - I think I need to make friends with Keith rather than Baker
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
I’ve been married for 26 years as of today. Pretty cool.
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Matt Carrell
Matt Carrell@MatthewCarrell·
@SacAppraiser Sacramento market has a better understanding of value than does the Bay area market.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
@vodenti @ReleveRE Yeah, hard to get big change right now. It feels like it's on the radar though. People have noticed for sure.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
Some gas prices spotted earlier today in the Sacramento area. This is important to watch along with the price of other things. For the housing market, we want to keep a close eye on seller and buyer behavior.
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Ryan Lundquist
Ryan Lundquist@SacAppraiser·
@conorsen @opinion New homes volume has been rebounding lately in Sacramento. The last few months have outpaced last year at the same time. I'm not ready to say we'll be up from here on out, but a little bit of momentum lately. Fat concessions, some lower prices, & less supply in resale lately.
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Conor Sen
Conor Sen@conorsen·
[@opinion] My housing friends may think I'm early, but I think the outlook for homebuilders has shifted from 🔴to 🟡 this year -- resale inventory is stabilizing, costs are coming down, and they've made a big enough dent on affordability that the worst feels behind us: bloomberg.com/opinion/articl…
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