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.
Sacramento area gas prices are currently averaging around $3.16 a gallon - 45 cents above where they were a year ago. Analysts say the increase is due to higher crude oil costs and warn that prices could be 20-50 cents higher by Memorial Day.
California has launched a legal marijuana marketplace. Many inside and outside the cannabis industry likened the regulation efforts to building a plane while flying it. So how bumpy will this ride be?
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