market update: Sacramento Rental Market Update Spring 2014 - 04/29/14 12:50 AM
April 2014
 
As of November 2013 investors in the Sacramento Region now own approximately 80,000 rental units which represents 25% of the market.  Before the recession investors owned 1 in 6 homes, or 17% of the single family market.
 
On the sale side, the inventory of homes for sale has dropped to a supply of only 1.5 months, meaning if no new properties came  on to the market, they would  all  be sold in a month and a half.  A month prior that number was 2 months inventory.
 
Sales prices are slowly rising and this is causing move … (4 comments)

market update: Sacramento Area January 2013 Market Update - 01/29/13 03:21 AM
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 online from recent investor purchases which is giving renters plenty of choices and holding rents in check.  With the improved sales market demand, look for some investors to switch their rental to a sale which should slowly lower vacancies.  Rents are not expected to rise much in the coming months.
 
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market update: Foreclosure Activity Seems to be Abating - 08/02/09 05:17 PM
We have noted that in the last 45 days fewer of our clients are letting their investment homes go into foreclosure.  This is mirroring what I am reading in the Sacramento Bee and Wall Street Journal.  We may well have hit bottom or at least taking a breather.
I suspect that most of the upside down owners have already let their homes go leaving the rest of us that have owned for longer periods.
It is noteworthy that the low end is experiencing mulitple offers and price bidding wars.  Things are looking up for a change!  We are also seeing a … (2 comments)

market update: Rental Market Update for June 2008 Sacramento Area - 06/08/08 04:54 AM
The rental market is improving steadily in the Sacramento Region.  Our offices accepted 71 deposits from new tenants in June 2008.  That is an increase from May when we accepted 55 deposits.  This is a 30% increase from month to month.
What we are seeing is increased activity for rentals and increased inventory.  Landlords are being created from current owners that are unwilling to sell at current prices.  Some landlords are losing their property to foreclosure which is removing some inventory, but overall inventory is still increasing.  Many investors are buying REO's and putting those properties back into the rental market. 
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market update: Sacramento Rental Market May 2008 - 05/04/08 06:33 PM
The rental market is continuing down the middle path as it has done for the past six months.  While there is plenty of demand for rentals in the Sacramento Region, there are still plenty of houses to rent.
But, you say, the sales market is pretty bad, this should improve the rental market.  That is normally the case but there are factors involved that have impacted the situation.
1.  Sellers cannot sell at prices they are comfortable with.  Those sellers are having to either not sell or rent their property.  If they rent it, it adds to the stock of rental houses.  This … (0 comments)