The City Council reviewed the long-range blueprint that will guide housing through roughly 2045, cleared two more subdivision phases in the massive Rio del Oro project, and advanced a zoning code rewrite covering specific land uses.
The City Council set aside local subsidy dollars for a new income-restricted apartment project in Westpark and reviewed first-quarter numbers on federal rent vouchers, while the Planning Commission cleared a two-story home addition on South Lincoln Street.
West Sacramento and Winters posted double-digit price gains while Davis and Woodland slipped, leaving buyers facing very different conditions across the county.
A jump in 30-year rates to 6.53% pushes the median Loomis mortgage payment past half of local household income, an extreme by any standard.
Fair Oaks and Arden-Arcade saw prices climb more than 5% year-over-year while Rancho Cordova and Citrus Heights posted drops of 8% or steeper.
A 0.35-point rate increase adds $159 to the monthly payment on a median-priced home — a steeper hit than most peer cities are absorbing.
A higher home price has erased almost all the relief from a lower mortgage rate, leaving Granite Bay buyers paying $114 more per month than last June.
A jump from 6.18% to 6.53% adds about $101 to the monthly payment on a median-priced Orangevale home — roughly $1,207 more per year.
A 0.35-point jump in 30-year rates pushes the monthly payment on a typical Rocklin home up by roughly $128, one of the steeper hits in the area.
A 0.35-point jump in 30-year rates adds $115 to the monthly payment on a typical Roseville home, pushing the bill to nearly a third of local income.