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In this morning’s Sac Bee News, the projection for Sacramento Real Estate is to be the first nationally to bounce back since we were the first to see a slowdown in the real estate market place.
All eyes are upon us, Sacramento is being watched since projections indicate that we are now in a “normal market” with continued low interest rates, fixed-rate mortgages averaging 6.4% and a consistent job growth. New home builders expect their sales to be up by 10% in 2007 for El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties. The following is an excerpt from the Sacramento article:
“Your market may come back a little earlier than others because you actually fell a little earlier than others,” Thompson said
As I suggested in an earlier blog, it is time for Home Buyers who have been waiting and anticipating prices lowering even further to be smart and get while the getting is good. Don’t put off … you may be sorry in the end.
Becky,
Glad you asked, the article appeared in the Sac Bee Business section on October 27th by Jim Wasserman. He covered the Builders Nationwide that met to discuss the current market trends.
Yes, buyers need to be active right now and get while the getting is good!
Hi Gena,
I liked the information that you have provided. Which day was the article you are referring to appear in the Bee? I would like to read that article. So what is your take; are you seeing any signs of a bounce back. I am a Sac Realtor and my phones have definitely been ringing more. This last week it has felt like the old days. We’ll see what happens.
Gena: Love your blog! I thought San Diego’s market had scraped its knee first;-)
More buyers are emerging as they see the bargains that are out there. I should forward your blog to the San Diego Union Tribune.
Roberta,Please feel free to forward to the San Diego Union Tribune. You have my permission.