Say what you want about rising home prices in California, the fact is experts report 3 out of 4 people cannot afford to buy a home in this state. We have pockets of affordability, areas like Sacramento, for example, or Riverside, you know, cities near a more expensive metropolis. As I read an Orange County Register article about the dire straits of our housing market and the predictions from a CAR economist, I decided to take a look at our own micro-market in Sacramento.
Sacramento is different because we were among the first hit when the market crashed. Our record high was August of 2005, not 2007. You can read more in my personal blog today at this link: Rising California Home Prices to Break 2007 Record High.