Ed Ritter Real Estate

Ever wanted to live in Historic Folsom? Here's your chance! 1107 Mormon Street 4 Bedrooms 2 Bathrooms 1693 Square Feet... Built in 1961 Let me know if you need to check it out!

Supporting delicious local businesses since 1986.

COVID-19 Update: Agents can now show occupied property, which is a step forward in moving the real estate market back to normalcy. Please send me all your real estate related questions and concerns!

Market pressures are changing the behavior of lenders. Few are going to this extreme, but this is a real symptom of the turmoil in the industry. https://www.reuters.com//us-jp-morgan-mortgages-credit-exc

I've spent the last week or so gathering my thoughts in preparation of writing this. If you read it, I'd love to hear from you. https://edritter.com//coronavirus-and-the-housing-market-/

Despite being deemed non-essential (which is quite true) I'd like to try my best at being indispensable. In our local market, I'm tracking three things: 1. Cancelled listings, which are sellers removing their homes from the market. 2. Back on market homes, which are buyers cancelling their contracts. 3. Hold listings,which are sellers pausing their listing rather than cancelling.... I have seen a sharp uptick in all three, which tells us what we already know: consumer confidence is falling in a highly uncertain time. I am planning a long form post explaining my thoughts on all of this, so stay tuned for that, but in the mean time suffice to say that I remain optimistic that the housing market holds together, and after some lag we largely return to normal.