I received this handy chart from Lyon Real Estate a few days ago, which gives a pretty clear overview of what happened in real estate in Sacramento and its surrounding four-county area in 2008. What makes Sacramento a little bit different from other parts of the country is its huge drop in inventory and spike in REO sales. Lots of other major metropolitan cities are experiencing price drops, but those price declines typically are not coupled with falling inventory and rising sales like we're seeing in the Sacramento real estate market.
This is absolutely a fabulous opportunity for first-time home buyers in Sacramento. I specialize in REO and short sales and can help any first-time home buyer navigate these crazy waters toward a successful purchase. Call Elizabeth Weintraub. 916.233.6759. I always answer my cell phone.
Chart: Lyon Real Estate and Trendgraphix
The Short Sale Savior, by Elizabeth Weintraub, coming to a bookstore near you in February.
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Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.
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Elizabeth
It looks like everything is lining up for a great year in Sacramento.
Sincerely
Tom Braatz