ecurb

Housing Price Corrections in the Bay Area

We saw this cycle of ebb and flow in the mid-90s housing malaise and have seen it again since 2005 in the Sacramento region, with Yuba/Sutter, Galt, Wheatland, Winters, rapidly declining in price as Roseville, Folsom, and Sacramento County housing repriced . . .the new factor here is foreclosures which are driving prices below 2003 levels. Bought my first house in 91. . .it lost value until 1998 then rose slightly until 03 . . .shoot up like a rocket in 04/05 and has fallen back to earth in pieces since August 05 the peak