There has been really exciting news emerging about California these past several days! These developments are surfacing from a variety of sources.
(1) DataQuick, a real estate research firm reported that California foreclosure activity dove 38% in the last quarter of 2012 in comparison to the same quarter of 2011. The tally was the lowest fourth quarter, since 2006.
(2) Zillow added additional optimism about California housing, when it forecast a 12% increase in Sacramento home values for 2013. The Greater Sacramento market rapidly changed from a Buyers market to a Sellers market several months ago. The capital city, and other regions around the state are experiencing dramatically reduced housing inventory.
It has been many years since citizens of California have been painted as rosy a picture, as they were during the State of the State Address, as presented by Governor Jerry Brown this morning. Yes, folks, California has a balanced budget. And although I thought Governor Moonbeam of the 1980s was pretty dreamy, nothing compares to the golden words uttered from his mouth today. Even many of our Republican representatives seemed to savor what he was saying. In addition to the revelation of our improved financial situation, other important points included:
(A) Remarks about improving our state regulations in order to make California more competitive and friendlier to business.
(B) Ideas to reduce the rapid rate of student tuition at our universities and colleges.
The Governor emphasized during his speech, "We have promises to keep. The most important one is the one we made to the people if Prop 30 passed. This means living within our means and not spending what we don't have." He also promoted “building reserves against the leaner times that will surely come."
It is beginning to look like California is moving forward in the effort to cure our financial ills, and truly become The Golden State once again!
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