Sacramento CA Homes For Sale – News You Can Use
Well the latest report on when home prices will bottom out in Sacramento Ca is March 2010. So say the experts that are smarter than I. (whoever they are). Here is who they are: First American Core Logic’s Loan Performance Home Price Index. They say that home prices in 45 of the largest housing markets are expected to fall 4.2 percent before they hit rock bottom in March.
They also went on to say that by October prices are expected to be heading upward by about 1 percent compared to 2009.
Of course all such predictions are accompanied by something like EXCEPT. You know something that will cover up their behinds in case their predictions don’t work out. In this case their predictions will come to be if the “Shadow Inventory” of homes owned by banks but have not yet been put on the market stay off the market. Believe me folks there are a lot of homes out there in this “shadow inventory”. Of course supposedly the banks and the government are working on loan modifications that would reduce this shadow inventory. How much it would reduce it is yet to be seen.
Sincerely,
Wes Clark
