With the Federal Reserve cutting interest rates by a quarter of a percent, it could also lead to lower mortgage rates.
"I'm looking for just a nice home for a big family," Sandra said. "And a big back yard."
The Sacramento couple says so far, they have not found the right price.
Now, a Federal Reserve interest rate cut could help reduce monthly mortgage payments.
Ryan Lundquist is a Sacramento real estate analyst and appraiser.
Lundquist calls the Sacramento housing market dismal, with the fewest homes selling since the housing crash in 2007.
The median number of days on the market in Sacramento, Stockton, and Modesto is 51, 50, and 48 days, respectively.
Now, could a rate cut be the key to a turnaround?
"I'd say for buyers, I mean, look at your lifestyle and finances and when is that colliding with the housing market," Lundquist said.
Besides the rate cut on Wednesday, the Federal Reserve is forecasting several more rate cuts through the end of the year that should make borrowing less expensive.
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