There are many buyers in Sacramento who, having zero experience in real estate, think they know exactly what will happen in our market place. They don't own a home. Not even sure if they want to. But they surely possess a lot of opinions and ideas. The one you hear batted about the most is about the market crashing, because it fell once you know. It bombed. So it could happen again. Except it's not.
We don't have the same economic conditions. Almost every homeowner has equity, except a few hard-money lenders left holding the short straw. About 20% of our transactions are cash. And prices continue to rise. You can read more in my personal blog today and see the whole story at this link: The Shock of 12 Months: April 2018 Sacramento Real Estate Market.