Sacramento Housing More Affordable Than The Nation Overall

By
Property Manager with HomePointe Property Management, CRMC 00691121

According to the National Association of Home Builders-Wells Fargo Housing Opportunity Index, the Sacramento Region has an index of 70.3%.  This means that 70.3% of families earning a median income can afford to buy a home. 

The index for the nation during the reporting period, 3rd Quarter 2009, is 70.1%. 

Sacramento has not been this affordable in many years.  Of course it is due to reduced pricing with all the foreclosures and short sales. 

Investors, it is time to buy!

Posted by

Robert A. Machado, CPM, MPM

HomePointe Property Management

Sacramento, Yolo, El Dorado, and Placer Counties

We manage residential and commercial property.

916-429-1205 x 105

rmachado@HomePointe.com

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California Sacramento County
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El Dorado Hills Real Estate
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Rainmaker
1,317,807
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Wow -- I was surprised to see this.  I would think that California prices are still very high compared to mahy other regions.  Very interesting.  BTW are you related to the Machados in MA?

Mar 16, 2010 04:37 PM #1
Rainmaker
254,487
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

Joan,  I have purchased homes under 100k, one for 60k that previously sold for over 200k.  It is more affordable.  I do not know any Machado's in MA.  But do have relatives there.

Mar 16, 2010 05:24 PM #2
Rainmaker
2,844,867
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Robert - That's a pretty encouraging percentage for our area!  It's certainly more encouraging than a few years ago!

Mar 17, 2010 12:37 PM #3
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Rainmaker
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Robert Machado

CPM MPM - Property Manager and Property Management
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