Spring has sprung in Sacramento!  The  weather is nice and our citizens are outside more often than not.  The  Sacramento real estate market has taken quite a turn since last year.  Prices are up and the recovery is in full swing.  In January 2012 there were 2984 homes listed in the multiple listing service.  In March 2013, that number has dropped to 1378.  That is 54% less homes on the market!  Demand is growing and listed homes are not keeping up.  Values at the low end are increasing.  The question now is, can you find a home at any price?  In many cases the answer is no since 

multiple offers are being made on lower end homes.  The other aspect that is important is that institutional investors have been purchasing homes through the MLS and the court house steps (foreclosed homes).  These investors are not flipping them as much, they are fixing them up and renting them.  This is keeping a steady inventory of homes in the rental market which is keeping rents in check.  The long view is that Sacramento real estate is looking like a good place to park your money right  now.

Robert A. Machado, CPM, MPM

HomePointe Property Management

Sacramento, Yolo, El Dorado, and Place Counties

We manage residential and commercial property.

916-429-1205 x 105

rmachado@HomePointe.com

 

Sacramento Area January 2013 Market Update
01/29/2013
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The Sacramento Rental Market is slowing recovering from the normal holiday slowdown. In most recent years we have had a more robust January. This January has seen improvement but not as good as we had hoped. Many single family rentals on coming… more
National Association of Residential Property Managers (NARPM)…
10/25/2011
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I just returned from the 23rd Annual Convention of NARPM which was held in Dallas, Texas, October 18-21, 2011. The association celebrated their 23rd convention anniversary during the event while various general sessions emphasized professionalism… more
Sacramento Region Rental Market Update for October 2011
10/10/2011
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Not much has changed in the rental real estate market in the last six months. Rentals are in demand, but single family rents are only inching upward. High unemployment and foreclosure activity has reduced investor confidence as well as demand for… more
Selecting a Property Manager Web Presence & Communication Part 1 of 2
10/10/2011
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If you are in the market for a property manager for your single family home, duplex, condominium, or small apartment you may want to read this article and next months article as well. There are many factors to consider when looking for a… more
Sacramento Region Rental Market Update
08/12/2011
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HomePointe current vacancy rate is 3. 5%. This is a landlords market with some cautions. With high unemployment, rents have not been able to rise up as one would expect with a low vacancy rate. But it does mean that landlords can expect to rent their… more
HomePointe Joins Sacramento Kings Business Advantage Program
07/04/2011
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HomePointe Property Management has partnered with the Sacramento Kings for the 2011 season. As part of the program HomePointe will be able to market its services to other Kings businesses and HomePointe will be displayed on the Kings website at www… more
Fireworks Shows This July 4th, 2011
06/30/2011
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Fireworks shows this weekend: Carmichael: July 4th at La Sierra Community center. Parade begins at 7:00pm and fireworks begin at 9:30pm Citrus Heights: July 4th at Sunrise Mall. A carnival is open all weekend in the parking lot. Fireworks begin… more
Free Property Management Consultations Available
02/27/2011
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Are you an investor or future investor that would like to know more about how to manage property? Or, maybe you have an existing tenant and have a problem you do not know how to solve. Maybe you are considering purchasing a rental and would like to… more
Allow Two Persons Per Bedroom At A Minimum
01/20/2011
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You can avoid a Fair Housing Complaint by allowing 2 persons per bedroom. Some also allow one extra person for their rentals. Be sure not to restrict the number of adults. For example, do not limit occupancy to two adults and two children in a two… more