Home Price Declines Softening

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(Sacramento, CA)
Thursday, November 5, 2009
That’s according to new figures out Thursday.

Alex Villacorta is a statistician with the research firm Clear Capital. He says it’s good news for Sacramento…which was one of the first regions in the country to see prices plummet.
“It started to decline in 2005 which was a full year before the national picture and it’s been in double-digit declines ever since that time. And so with the most recent price gains for Sacramento this particular summer and even now into the fall have erased some of those losses.”
The Sacramento market’s yearly decline in October was just 9.7%.
Meanwhile, the price gains seen this past summer are expected to soften as we get into the winter months…traditionally a time when housing sales slowdown.