Jim Wasserman writes that last month, Sacramento County marked the fourth anniversary of its housing boom high with a median sales price of $180,000 – a whopping 53.5 percent less than in August 2005, property researcher MDA DataQuick said Thursday.
The county’s August sales tally of 2,061 new and existing homes likewise fell well short of [...]
Continue reading about Sacramento County median home price down 53.5 percent from 2005 high
This story is taken from Sacbee / Business / Real Estate :
Legislation to extend California’s maximum $10,000 new-home buyer tax credit to thousands more buyers has stalled, failing to pass during the Legislature’s weekend rush to adjournment.
Assembly Bill 765, a priority for home builders in the capital region and statewide, was among many pushed aside by [...]
Continue reading about California Legislature fails to renew new-home tax credit
Saxramento Bee’s Jim Wasserman writes this:
A popular state tax credit of up to $10,000 that helped sell hundreds of new houses throughout the Sacramento region earlier this year appears to be coming back.
A plan to extend the state tax credit to another 4,285 buyers of new, unoccupied homes in California – possibly as many as [...]
Continue reading about California bill would extend tax credit on new homes
My favorite writer from the Sacramento Bee, Jim Wasserman, writes this today:
Hats are off today to Sacramento’s Michael Choe, 43, a supervising engineer with the state Department of Toxic Substances Control. This week he earned his second appearance in Time magazine since 2005 – for making good calls in this crazed real estate market.
Choe sold [...]
Continue reading about Home Front: Sacramento-area man called the housing crash
Nava’s Fraud Prevention Measure Passed by State Senate
Legislation Will Stop Loan Modification Scams
Assemblymember Pedro Nava (D-Santa Barbara), Chair of the Assembly Banking & Finance Committee, announced that his legislation to crackdown on loan foreclosure rip-offs was approved by the State Senate today on a 21 to 16 vote.
“California families face a barrage of solicitations making promises [...]
Continue reading about Crackdown on loan modification firms passes state Senate
AP Real Estate writer, Alan Zibel had this to say:
Sales of new homes surged 9.6 percent in July, another sign the housing market is climbing back from the historic bottom it reached early this year. Driven by falling prices, the fourth-straight monthly increase was greater than expected.
The Commerce Department said Wednesday that sales rose to [...]
Continue reading about July new US home sales up 9.6 percent