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sacramento real estate market: Does Median Income have anything to do with Median Home Values? - 02/16/08 12:06 PM
Okay, I'm really sick and tired of this argument. You know how it goes: "Median income has not kept up with median home values in Sacramento, this home prices must fall until everyone in Sacramento can afford to pay a third of their monthly budget toward their mortgage." It's a seemingly innocent calculation and very easy to remember; so simple in fact that it gets quoted again and again and unfortunately believed.
Here is a list of areas where median incomes do not - by a long shot - keep pace with median home values. Interesting, huh?
Here are a few … (0 comments)

sacramento real estate market: Focus on condos - 09/08/07 08:09 PM
Lately, we at Elite Properties have been receiving more calls on people looking for condos that single family residences. And why not? Prices for condos have fallen to levels that allow first-time buyers to actually be able to think about home ownership.
However, even within this market, are there areas that hold their value better than others? I sure think so. I think Crosswoods is one such area worth looking into. It backs into a greenbelt and is a world in itself.
And it's clearly holding its value compared to the overall Sacramento county condo market. … (0 comments)

 

PURVA BROWN

Sacramento, CA

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