Even with rates lower than a year ago, the latest uptick adds $91 to the monthly payment on a median Sacramento home, erasing recent buyer relief.
A 0.35-point jump in 30-year rates lifts the monthly payment on a typical Auburn home to 51.1% of local median income.
A 0.35-point rate jump since our last check pushes the monthly payment on a median-priced Lincoln home to $3,143, an extra $1,361 a year.
A jump from 6.18% to 6.53% adds about $84 to the monthly payment on a median-priced home — roughly $1,009 over a year.
With a median price near $715K, even a fractional rate move pushes Fair Oaks monthly payments up sharply — well past what peer cities are absorbing this month.
Builders pulled 843 residential permits across the Bay Area in April, a 148.7% jump from a year earlier even as statewide permitting edged lower.
Builders pulled 1,388 residential permits across the Sacramento region in April, with the 12-month trend down 12.7% even as monthly activity rebounded sharply from winter.
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.