WHOOHOO...FINALLY SOMEONE ELSE IS SAYING IT!!!

Reblogger Elaine Giamona
Real Estate Broker/Owner with McCoy Real Estate and Property Management, Lincoln, CA

And I repeat... WHOOHOO..  some good news, and the Wall Street Journal, no less.  Paula Swayne of Sacramento posted this today.  Re our Sacramento market. 

Original content by Paula Swayne CalBRE # 01188158

In recent months I have been saying that Sacramento is stabilizing...we are done with about 80% of our foreclosures, our sales have doubled since last year at this time and it appears that the decline in market values is creeping rather than racing down the speedway.

On April 28th, an article came out on the Wall Street Journal with the headline "First Housing Markets to Heal? Analyst Bets on Sacramento, Washington".  Whoohoo!  The analyst is John Burns.  According to Mr. Burns, the fact that Sacramento's new home supply has shrunk more than other markets he tracks, along with very affordable housing and the ability to get loans improving is evidence that Sacramento has early recovery potential.  He cites that employment could be a deterrent in this recovery.  Personally, I am going to continue to believe that we are on our way!

Washington DC is also poised for an early recovery.  While jobs are not the issue that Sacramento has, he felt that the housing market might fall an additional 5%-10%.

There are a few cities he cited as taking the longest to recover, but I want this post to be positive, so I am going to leave it here...life is getting better by the day!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the scissors to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
22,464

Elaine Giamona

Broker
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information