Watch out Phoenix and Miami - Sacramento is challenging for most bubblicious market in the US:
This street, with its views of broad swaths of empty grasslands and air freight carriers landing at Mather Field, also clearly reveals the region's utterly changed post-boom real estate market: 10,316 existing homes in El Dorado, Placer, Sacramento and Yolo counties were for sale in March compared with 3,799 a year ago, according to real estate analyst TrendGraphix
"It's a completely different story than it was one year ago," said Michael Lyon, head of Sacramento-based Lyon Real Estate.
May 08, 2006
Ponzi Scheme Sacramento: The epicenter for the pileup of houses for sale...
Subscribe to:
Post Comments (Atom)
4 comments:
when professional real estate agents (like the one pictured in the SacBee article) are dumping 6 homes, you KNOW it is the rats leaving the Titanic!
Speaking as someone who lives in Sacramento. Bring on the housing Crash! I'll be debt free and ready to buy when prices plummet!
isn't it amazing what is going on?
My local area (south west of Boston) has a mountain of homes for sale...they are not Toll brothers, Centex, etc. homes. Just plain homes period! what the hell is going on??
def. not bullish...but misleading when you only look interms of % increase. The absolute number is more important.
Post a Comment