Over the course of the past few months, Sacramento home prices have started rising twice as fast as the national average! They are rising even faster than the pace set during much of the last housing boom. The median home price in Sacramento County grew by 22.4 percent, in the time period between January 2012 and January 2013. That's the second-largest January-to-January Sacramento County home price increase in the last two decades. The last time this happened, it was the 2005 peak of the housing boom. For the last few decades, Sacramento County has endured successive real estate booms and busts, each one larger every time. It seems as though another boom is upon us. Nevertheless, certain real estate experts have argued previously that...
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