Timbo

Sacramento, California: Reaching Prices Where There is Demand

Hey, I live in Sacramento. An article in the paper yesterday pointed out that the # of vacant homes in the Sac area rose 40% year over year. Sacramento is #2 in CA for vacant homes. Don't believe all the hype about inventory going down. I see many vacant homes without for sale signs. I guess the owners like it that way. Also, if you run the sales by zip you will see volume at record lows in the nicer areas of town. First the volume drops then price. Oh, rents are down year over year as well so all those investors will have a nice time getting cash flow in a market flooded with rentals. Wake up!