Sunday, April 19, 2009

Sacramento Regional Real Estate Trends for April 18, 2009

To borrow a borrowed meme from Crispy&Cole: Down Goes Frazier. Inventory is diminishing across the Sacramento area, down to levels not seen since the height of the bubble in 2005. The banks remain in firm command of the market, with REOs at over 66% of sales in March. There are rumors of fresh bank-owned inventory coming on market in the next few weeks, but nothing noticeable as of yet. Interestingly, both asking prices and selling prices remain near their cycle lows.












4 comments :

Deflationary Jane said...

well there is the that little (70%) jump in prime defaults from Dec 08 to Jan 09... nahhhh couldn't be

Max said...

Yeah, and now the banks might be rushing to get as many foreclosures in before the next moratorium starts in July. I love the free market, don't you?

Husmanen said...

Wait, the next moratorium?

I have to google this...

Thanks!

Husmanen said...

I found some info on the extension and a discussion on Piggington's in SD.

http://piggington.com/this_never_ends_quotca_foreclosure_prevention_act_coming_upquotDang this will never end...