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  • More Clues Housing Bottom May Be Near in Sacramento [View article]
    I take my data from broadly published reports that collect their data from the entire market. I understand someone can make different assumptions from walking around their block, but that is a pretty limited sample.

    There was a huge amount of fraud concerning the mortgages of those who bought or refinanced during the market peak of 2005 and 2006. I would assume that most of those homes have been walked away from by now and in the hands of banks. The 4000 buyers a month now in Sacramento are getting homes at attractive prices and with decent mortgages. Those buyers will be fine as will those who purchased before 2004 and did not refinance at higher values to withdraw cash.
    Sep 29 10:32 am |Rating: 0 0
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