Act Quickly! Sacramento Real Estate Prices on the Rise!
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...
Sacramento One Of Fifteen Markets With 99.9% Risk Of Decline
[caption id="attachment_128" align="alignright" width="193" caption="Sacramento one of 15 Real Estate Markets With 99.9% Risk Decline Through 2011"][/caption] Mortgage Insurer PMI Group said in its quarterly Economic and Real Estate Trends (ERET) report (see US Market Risk Index ) that the Sacramento—Arden-Arcade—Roseville CA real estate market has a 99.9% chance of lower home prices through March 31, 2011. The 15 Real Estate Markets with the highest probability of lower prices in 2011 each have a 99 percent chance, PMI said. They include Miami, Fort Lauderdale, West Palm Beach, Orlando, Tampa and Jacksonville in Florida; Riverside, Los Angeles, Santa Ana, Sacramento and San Diego in California; Las Vegas; Phoenix; Providence, Rhode Island; and Detroit. “The housing market has been hit by a demand shock of...
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