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There's NO doom OR gloom in the Sacramento CA real estate market!
There's NO doom OR gloom in the Sacramento CA real estate market!
Jonathan Bowman wrote a post called "Don't Drink the Doom and Gloom Kool-aid" in which he talks about his local news reports that are predicting more foreclosures and implying that there is going to be another failure of the real estate market resulting, and his well-written disagreement with that report. It's too bad that many of those articles aren't written by real estate professionals in the trenches, because "doom and gloom" is the last term I would use to describe the market here, and in most parts of the country right now.  My experience the last month or so has been that every agent has a number of willing and able buyers, but there are very few homes for them to buy.  Since several major banks have been prevented from foreclosing for some time due to the robo-signing scandal, and homes on which they did foreclose have been kept in limbo, I would welcome the release of some of those into the market.  I don't mean I want people to be foreclosed on I guess, but I have heard of some folks who haven't made a payment in 2 ... more

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