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Stories related to: real estate

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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.

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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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Sacramento To Lead Nation In Home Price, Sales Gains

November 30, 2016 | Steve Milne

There's good news and bad news in a new housing forecast out Wednesday, depending on whether you already own a home in the Sacramento area or are trying to buy one.

Homeowners Staying Put, Market Stagnating

November 17, 2016 | Steve Milne

Sacramento's housing market has hit a logjam. Homeowners are staying in their homes longer to amass equity. That's shrinking the inventory of properties available for first-time home buyers .

Sacramento Area Home Prices Continue To Outpace Wages

September 29, 2016 | Steve Milne

This won't be news to people struggling to buy a home. But new data show housing affordability in the four-county Sacramento area is getting worse.

Report: Fewer Sacramento Homeowners Underwater

August 11, 2016 | Steve Milne

A new report finds fewer Sacramento area homeowners were underwater during the second-quarter, meaning they didn't owe more than their home was worth. Research firm ATTOM Data Solutions says 8 percent of homeowners were underwater.

Report: Home Prices Likely To Soften

August 8, 2016 | Steve Milne

Research firm Clear Capital says Sacramento area home prices have increased by 9.5 percent from a year ago. An analyst says prices will likely soften due to supply and demand - fewer first-time home buyers can afford to buy now.

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