Finding it hard to find the right house to buy? Feeling like your home is not worth as much as it was 2 years ago? Take a look at this market information specifically created for Shasta and Tehama Counties and perhaps you will find out why.
The good news is that there looks like there will finally be some relief from the high interest rates but don't think you will see 4% anytime soon. COVID prompted the Federal Reserve Board to lower rates to an unprecedented 0%. Definitely simulated the economy but now our inventory is low due to inflation rising along with interest rates coupled with home owners who don't want to lose their 3% interest rate on their existing loan. Quite the dilemma. See below.
