Signs Point to Sacramento Housing Recovery
Many GreatWest GMAC Real Estate Professionals have been noticing that the Sacramento housing market has been stabilizing. About 80% of the foreclosure market is completed, and sales have doubled in number since a year ago. It appears that the housing market declines of the past months have began to slow, rather than continuing to dive over a cliff.
The Wall Street Journal released a few days ago, with the headline, “First Housing Markets to Heal? - Analyst Bets on Sacramento, Washington” (article linked below).
According to analyst, John Burns, Sacramento’s new home supply has shrunk more than other markets he tracts. Mr. Burns also touts Sacramento housing affordability, and the ability to get mortgages. However he does go on to say that unemployment could deter in this recovery. But all in all, John Burns article is bullish on housing for our area.
Related Links: blogs.wsj.com/developments/2009/04/28/first-housing-markets-to-heal-analyst-bets-on-sacramento-washington/
|
Link directly to this article.
