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Stories related to: real estate

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State Government

Measure To Eliminate California’s ‘Moving Penalty’ Qualifies For November Ballot

May 17, 2018 | Chris Nichols

Supporters say the initiative would give homeowners 55 and up a property tax discount when they buy a pricier home. That, in turn, could ease the state’s housing crunch by freeing up inventory for younger buyers.

ATTOM Data Solutions

Flipping Homes In Sacramento On The Decline, Study Says

March 8, 2018 | Steve Milne

The dwindling supply of low-priced homes in Sacramento means fewer properties are being purchased, fixed-up and then put back on the market within a 12-month period, known as flipping. About 2,200 homes were flipped in 2017, down 2 percent from 2016.

Ken Lund / Flickr

Strong End Of Year Home Sales Predicted For Reno

November 30, 2017 | Steve Milne

A new list of 123 U.S. metro areas where home buyers are most likely to move in the fourth quarter puts Reno at No. 8 and Sacramento at 46. The list is based on the number of home mortgage applications filed between July and September.

Business

Modesto's Home Flipping Rate Rises, Bucking National Trend

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.

DJ Crazy Gabe / Flickr

Investors Buying More Home Foreclosures As Inventory Declines

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.

Home Affordability In Sacramento County At Nine Year Low

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.

Courtesy of Taylor White / Flickr

Sacramento Home Prices Still Outpacing Wage Growth

March 30, 2017 | Steve Milne

Home prices continue to outpace wage growth in Sacramento County. The median sales price in the first-quarter was about $293,000, up six percent from a year ago. While wages only went up five percent.

Sacramento Not On List Of Best Markets For Buying Single Family Rentals

March 23, 2017 | Steve Milne

If you're thinking about buying rental properties and becoming a landlord, you'd see solid returns on single-family properties in the Midwest, Rust Belt and Southeast ... but not so much in Sacramento.

Rich Pedroncelli / Associated Press

More Competition For Low-Priced Foreclosures

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.

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