Elk Grove Real Estate by Mode Real Estate Group

06/05/2026

Open House Saturday on this new Elk Grove listing.
Stop by from 1:00 to 4:00
8976 Richborough Way, Elk Grove 95624
4 bedroom, 2 bathroom with open floor plan!
Don't miss this one!

06/04/2026

Just Listed! 4 bedroom, 2 bathroom in Hampton Village!
Great location, great house and great price!

06/04/2026

Data shows inflation is moving in the wrong direction. But before the headlines send anyone into a panic, here's what's actually going on, why it matters for the housing market, and what it means if you're thinking about buying or selling.

Inflation Went Up – Here’s What That Actually Means
The government tracks inflation in a variety of ways. One is something called PCE – the Personal Consumption Expenditures Price Index. It measures how much more (or less) people are paying for goods and services compared to a year ago. And just based on your own expenses, you can probably guess which way that’s trending.

That’s the one everyone is talking about right now. Check out the yellow line to see how that’s spiked since February. A big driver of this jump is the ongoing conflict in the Middle East, which has pushed gas and energy prices significantly higher.

Now, you may have noticed there’s a second line. The blue line shows core PCE. That’s the same measure, but with gas and energy prices stripped out. The Federal Reserve (the Fed) actually watches this number most closely because energy prices swing around a lot and can be misleading.

And here’s the somewhat encouraging part.

Core PCE is rising, but not nearly as fast as the overall number. That suggests a good chunk of the inflation spike we’re seeing right now is tied directly to what’s happening overseas. So, when that situation settles down, inflation may settle a bit, too.

Why This Matters for Mortgage Rates
Here's the housing connection. When inflation is high, the Fed tends to keep the Federal Funds Rate elevated or even raise it to try to taper spending and cool inflation back down. And while it's not a one-for-one relationship, that Federal Funds Rate can have an impact on your mortgage rate when you buy.

Right now, based on the information we have, there's roughly a 50/50 chance the Fed actually raises the Federal Funds Rate before the end of 2026, according to CME FedWatch.

But This Is Not 2008 – Not Even Close
Just remember, a tough economy does not equal a housing crash. The conditions today are very different from what led to the 2008 collapse. Here's why:

Inventory is still relatively low. There's no flood of homes hitting the market.

Most homeowners today have strong equity in their homes.

Lending standards are far stricter than they were before 2008.

Today's challenge is affordability, not a wave of distressed underwater sellers.

Uncomfortable and unhealthy are not the same thing. The market feels hard right now, but "hard" and "crashing" are very different.

You Still Have Options. Here’s What To Do.
High rates don't mean homeownership is out of reach. It just means the path looks a little different. There are real strategies that can help, depending on your situation:

Ask your lender about different loan options. Adjustable-rate mortgages (ARMs) or rate buydowns may help lower your monthly payment in the short term.

Explore first-time buyer programs, down payment assistance, or seller concessions that could help offset costs.

Stay in close touch with a trusted agent and lender. When rates shift, and they will, you’ll want to be ready to move fast.

The right strategy, tailored to your goals, matters a lot more than waiting for the perfect moment that may never come.

06/02/2026

It's time once again for a market update.
This is for single family homes only.

THIS IS INTERESTING...
INVENTORY IS UP IN SACRAMENTO COUNTY, BUT NOT IN ELK GROVE. PENDINGS ARE ALSO UP AS WELL AS SOLD PRICES. THE MARKET IS DEFINITELY STILL MOVING AND BUYERS ARE STILL OUT THERE EVEN WITH THE HIGH INTEREST RATES AND ECONOMIC UNCERTAINTY. IT'S JUST NOT A HOT, HOT MARKET LIKE SO MANY HAD PREDICTED. FEELS TO ME LIKE THINGS ARE JUST SORT OF STUCK IN A SEA OF SLUDGE RIGHT NOW. JUST MOVING ALONG SLOWLY...IT'S UNLIKE MOST SUMMER MARKETS.

05/30/2026

Coming Soon in Elk Grove!!!
4 bedroom, 2 bathroom single story, almost 1800 square feet, 3 car garage in 95624.
Will be on the market next week!
DM me for details!

05/27/2026

We have recorded!!!
Closed $20,000 over the list price of $800,000. Sold with 5 offers in 5 days! 11 acres in Herald with beautiful manufactured home, pond, 2 story barn & more! I loved selling this property! Thank you to my sellers, Brad and Drina! So excited for your next adventure!

05/25/2026

You've probably heard that mortgage debt in America just hit an all-time high. And that's true. But here's what the headline leaves out. Equity is also near an all-time high. And at $34.1 trillion, it's more than double the $14.4 trillion in debt. That's a good thing. It means most homeowners own far more than they owe. So, they have a real financial cushion right now. That’s something homeowners didn’t have during the crash of 2008. Back then, people owed more than their homes were worth. Today, it’s just the opposite. Homeowners are in a much better position, and the housing market is on stronger footing than the headlines suggest.

05/25/2026

You’ve probably heard of the Veterans Affairs (VA) home loan. But do you know what it offers? In a recent survey, 68% of Veterans didn’t know they may be able to buy a home with zero money down. 77% didn’t know PMI isn’t always required. Many also have no idea they may be able to count their Basic Allowance for Housing (BAH) and Basic Allowance for Subsistence (BAS) as income. Any of those VA loan benefits could make homeownership more achievable than you realize. If you’ve served (or know someone who has), get in touch with a trusted lender for more information on VA home loan options and what you may qualify for.

05/25/2026

Pricing it right from the beginning is probably the most important thing in marketing your home!

Pricing it right makes all the difference. That’s what the stats show us. What are you seeing out there right now? What types of properties are getting into contract? And what is sitting? 

05/20/2026

Signing day for these 2!

It has been so wonderful to work with Brad and Drina to help them sell their long time home in Herald! We will be closing right after Memorial Day and then they are on to their next adventure! I think this is the 4th or 5th client of mine that will be living and traveling in their motor home for a while! I envy them! ❤️