Hello May! This month, we’re dishing out an exciting line-up of festivities, food, and fun in and around the Sacramento region. From Cinco De Mayo and Mother’s Day celebrations to special ways to honor our country’s armed forces and those who have served this Memorial Day, we’ve got you covered. We also take a closer look at the current real estate market for both buyers and sellers as well as predictions from some of the nation’s top industry experts. Read on for the full scoop!
Whether you’re a local, new in town, or just passing through, we hope that you will find something in our Sacramento events line-up that will pique your interest!
Sacramento Events:
River Cats Schedule: Click Here For May Games
Sac Republic FC Schedule: Click Here For May Matches
Concerts in the Park: Click Here For This Year’s Schedule
Spring Concert Series in Old Folsom (Every Sunday): Click Here for the Complete Schedule
Now through July 31st (Select Sundays): Waterfront Yoga in Old Sacramento
May 5th: Big Day of Giving 2022
May 5th: Food Truck Mania & Classic Cars in Old Fair Oaks
May 6th-7th: Cal Expo Job Fair
May 7th: Art, Beer & Wine Festival @ El Dorado Hills Town Centre
May 7th-8th: Berryfest Strawberry Festival in Roseville
May 6th-June 26th (Select Days): Old Sacramento Brew Boat Tours
May 7th: Sacramento River Lunch Cruise on the River City Queen
May 7th-8th: East Sac Garden Tour
May 8th: Mother’s Day Sights & Sips Cruise
May 8th: Sacramento Antique Faire
May 8th: Mother’s Day Brunch at Esther’s Park
May 8th: Crafts & Drafts @ Drakes The Barn
May 11th: Eric Church @ Golden 1
May 14th: Gold Country 5K @ El Dorado Hills Town Center
May 14th-15th: 2022 Sacramento Grilled Cheese Festival
May 14th-15th: Country in the Park @ Cal Expo
May 18th: Pearl Jam @ Golden 1
May 20th: Taste of Fair Oaks
May 21st: 2022 Brews In The Burbs @ Sunrise Mall
May 21st-June 12th (Every Saturday): Dance on the Edge of Summer
May 26th-30th: Sacramento County Fair
May 30th: Memorial Day Sights & Sips Cruise
May 30th: California Automobile Museum Memorial Day Car Show
May 30th: No Excuses Memorial Day 5k
May 30th: Memorial Day Observance in Rancho Cordova
This month’s “Good Eats” section is dedicated to our favorite Cinco De Mayo restaurants and Mother’s Day brunch spots around town. Read on for a complete list!
For the Margarita & Mexican Food Lover: Cinco De Mayo is the perfect excuse to dig into some delicious tacos and pile on the chips and guac. That’s why we’re sharing some of our favorite spots with you to try out this year!
- Mexquite Restauant: Located in Folsom, Mexquite Restaurant has a friendly staff, delicious Mexican food, and a festive atmosphere. Their authentic dishes have even helped them secure the award for Style Magazine’s “Favorite Mexican Restaurant” over the past 10 years. You can select from over 100 Tequilas to create your custom margarita – all of which are made with Agave Nectar and fresh-squeezed lime juice. Sip your margarita out on their beautiful outdoor patio and enjoy food and drink specials all day long with a Live DJ from 5 pm to 10 pm.
- Mesa Mercado: If you’re a fan of the finer things in life, like freshly muddled margaritas and authentic Mexican cuisine, then you may want to make Mesa Mercado inside the Carmichael Milagro Centre your go-to Cinco De Mayo destination. For a margarita with a little kick to it, try their “Pepino Picante”, with muddled cucumber, chili powder, fresh lime juice, 100% blue agave tequila, and mescal. For a sweeter margarita without a headache, try their “Mango” margarita, with pureed mango and chile, their secret margarita mix, freshly sliced mango, and chile spice topped at the rim. If you want some food to go with that margarita, you can’t go wrong with their marinated skirt steak or roasted pork tacos.
- Zócalo: Another favorite hot spot is Zócalo, an upscale restaurant and bar that serves up some delicious handcrafted margaritas, mouth-watering dishes, and a lovely dining atmosphere. We recommend kicking off your meal with their freshly prepared guacamole starter. Because why not? For entrees, try their “Baja Fish Tacos” or their popular “Carnitas” plate. Their robust drink menu features everything from classic margaritas to mojitos and Palomas. Click here to find a location near you.
- Centro Cocina Mexicana: With a vibrant setting in the heart of midtown Sacramento and delicious cuisine, it’s no wonder Centro has been in business for over 25 years. From salsas to masa and corn tortillas, slow-cooked meats, and hearty soups, all of their dishes are created from scratch using the freshest ingredients. Centro will be open for lunch at noon on Cinco De Mayo and specials will be available all day. They are even offering a custom menu with a range of ceviche, taco, and combination plate options. Any margarita lovers out there? Centro will be canning their Margarita a la Centro — each can is 12 ounces, which is equivalent to 2 cocktails for only $12. This special is available at their outdoor bar. Make your reservations here.
“Mother’s Day Approved” Brunch Spots: Mark your calendars because Mother’s Day is this Sunday, May 8th! And what better way to celebrate mom than with a delicious brunch in her honor? Below are our top four picks.
- Rancho Roble Vineyards: This Mother’s Day is the perfect opportunity to stop by Rancho Roble Vineyards, the hidden gem of Placer County. This beautiful estate will be hosting a special Mother’s Day event featuring a private tasting on Rancho’s beautiful front patio. A collection of their whites and reds will be poured. You and mom can also enjoy a mini-cheese and fruit board with this lovely tasting. This is a very special experience and has limited tasting spaces. Reserve your seats/time here. If you can’t make it Sunday, stop by on Friday May 6th for “Mom’s Night Out” featuring Bubbly, beautiful weather and a food truck to start your Mother’s Day weekend off right. Purchase your tickets here.
- High Hand Nursery & Cafe: Nestled in a beautiful nursery, High-Hand Café is another great spot for a lovely Mother’s Day celebration. Take a walk through their enchanting nursery beforehand, where you will find an amazing collection of plants, trees, shrubs, and perennials from top growers. When it comes to your dining experience, enjoy picture-perfect outdoor seating and a menu that reflects their passion for farm-fresh local ingredients. We recommend making a reservation in advance by calling (916) 660-0117 – extension 3.
- Farmhaus: Located in Granite Bay, this charming restaurant serves up fantastic dishes using only the freshest of ingredients and provides a warm and inviting atmosphere for guests. Plus, their outdoor dining area makes for a great brunch spot! Not sure what to order? While all of their dishes are raved about, we recommend trying one that includes their homemade pastrami. Parking can be an issue so try and arrive early to avoid outside crowds. Make reservations ahead of time by calling (916) 772-3276.
- Paragary’s in Midtown: Paragary’s is a Midtown Sacramento neighborhood bistro known for delicious seasonal cuisine in a beautiful setting. The garden-like patio is a Sacramento outdoor dining destination, featuring waterfalls, lush plantings, and decades-old olive trees. This Sunday, Paragary’s will be featuring a special Mother’s Day Brunch menu. Check out all of their brunch offerings here and be sure to make a reservation ASAP as spaces will fill up quickly. Click here to reserve your table.
In this month’s market snapshot, we turn to some of the country’s leading economists, who share their insights, predictions, and overall trends for real estate markets across the nation.
Are More Homes Coming to the Market in 2022?:
About 64% of prospective home sellers plan to list their properties by the end of August, according to a Realtor.com report. In even better news, a 43% share of those selling have expected prices below $350,000 — the range most first-time buyers target — and 22% anticipate listing between $350,000 and $500,000.
Jeff Tucker, senior economist at Zillow adds:
“An inventory peak in late summer or early fall is the most likely scenario, given how the market returned to normal seasonal trends in 2021. The stock of existing homes on the market is finally starting to refill, as our March data shows total inventory now rising strongly.”
Will Housing Inventory Ever Rebound?:
Low inventory keeps the housing market from equilibrium and has given sellers the upper hand in the past few years. However, a silver lining for buyers may sit on the horizon. For-sale housing supply averaged 1.6 million units per month in 2018 and 2019 but fell to around 1 million in 2021, according to Zillow. Based on a March survey conducted by the company, a 74% share of industry experts believe that the market will get back to those pre-pandemic inventory levels by 2024.
Danielle Hale, chief economist at Realtor.com adds:
“We’re going to start to take a step in that balanced direction this year. It’s going to take a couple of years just because the building shortfall is so big and because we still have so many young households, so there’s a lot of demand. The market will eventually get to balance, it’s just not going to happen overnight. We need to have more building. At the end of 2021, the U.S. was 5.8 million single-family homes short. It essentially means we’re five years behind when it comes to construction.”
What Role do Rising Interest Rates Play?:
The rise in mortgage rates works both for and against increasing inventory. Some otherwise would-be sellers could decide to stay put if they find the new interest rates to be unfavorable. Although, the higher costs to buy should lower demand and reduce the market competition.
Daryl Fairweather, chief economist at Redfin adds:
“The higher interest rates will lead to a lock-in effect for homeowners, so they may not list. And it also might reduce demand from home buyers, especially for people really sensitive to prices. But the market should slow down and that means homes will sit for-sale longer and more inventory will just accumulate because of that. Similar to previous years, we’ll see inventory probably start to grow around the third quarter.”
What Advice Do Economists Give to Buyers in 2022?:
Trying to buy a house right now can be challenging for many buyers because of increased interest rates coupled with a lack of inventory. However, it’s important to stay on top of your local housing market and speak with your Realtor about what changes they are seeing.
Danielle Hale, chief economist at Realtor.com adds:
“Higher costs are going to make home purchasing more challenging. Buyers are going to have to get creative, maybe look further out into the suburbs, or maybe consider less expensive metros than they might have before. Most buyers tend to try to complete their home purchases in the summer, with August as the end of that bulk moving season. So the best time for buyers is normally in the fall because sellers who list then usually are a little more willing to negotiate. But I wouldn’t necessarily put home search plans on pause. My advice is when you find a home that fits your checklist and is in your budget, put an offer in.”
