September 14, 2017 | Steve Milne
Modesto has one of the highest home flipping rates in the United States. Analysts say flippers like Modesto because it still has a lot of low-priced housing available.
July 20, 2017 | Steve Milne
Banks are repossessing fewer Sacramento area homes, according to new numbers out today. It's great news for homeowners. But it means fewer opportunities for first-time home buyers who don't have a lot of money to spend and are looking for discounts.
June 29, 2017 | Steve Milne
Sacramento County's median home price was $318,000 in the second-quarter of this year, helping to sink the affordability index even further. Analysts say affordability is the lowest it's been since the first quarter of 2008.
February 2, 2017 | Steve Milne
More third-party buyers are stepping into the Sacramento area housing market. Those are investors who buy foreclosures to convert into rentals or resell at higher prices. Last year, 45 percent of foreclosure auction sales went to third-party buyers.
December 22, 2016 | Steve Milne
Annual home-price appreciation in the fourth-quarter outpaced wage growth in Sacramento County. The median sales price of $305,000 is up 12 percent from a year ago, while average weekly wage growth is up by only one-percent.
July 14, 2016 | Steve Milne
New real estate statistics show there were about 25,700 California properties with foreclosure filings in the second-quarter. Research firm RealtyTrac says that's 25 percent below the pre-recession average.
June 23, 2016 | Steve Milne
A new report finds that home prices continue to outpace wage growth throughout the country - including the Sacramento region.
May 19, 2016 | Steve Milne
A real estate report finds a 50 percent drop in Sacramento area "zombie foreclosures." That's when the bank has started the foreclosure process but not repossessed the property and the owner has left. The data also show vacancy rates are shrinking.
May 5, 2016 | Steve Milne
RealtyTrac says at the end of the first-quarter, there were 611,563 California properties seriously underwater, representing 7.5 percent of all properties with a mortgage. That was down 18 percent from the same period last year.
April 28, 2016 | Steve Milne
New real estate statistics for both California and Sacramento County show institutional investors, or companies that buy and flip homes, accounted for less than one percent of all property sales in the first-quarter.
