Tuesday, June 30, 2009

Quick Califonia Budget Update

The tone out of the capitol is surprisingly subdued at this time. The Legislature and Governator's office are currently behind closed doors, and nothing about their progress has leaked. All-in-all, I read this as a positive development. I think both sides want to avoid a government shutdown, and I believe Arnold has proven his willingness to go all the way on the tax increase issue. I predict there will be an 11th hour compromise this evening that will deal massive cuts to spending on state services. State workers should expect a third furlough day to be ordered post hoc by the Governator once the revised budget is passed.

**12:00 AM Update**

All negotiations failed, so the state is now in uncharted fiscal waters. The controller will have to begin payment triage immediately, which means IOUs, and recommendations for agency shutdowns. The disaster everyone thought would happen "someday" is upon us. Any more predictions are a waste of time.

Saturday, June 27, 2009

Sacramento Regional Real Estate Trends for June 27, 2009

Now with a data summary!

Summary Of Changes for Sacramento County

 
Week of 2009-06-27
Since 2009-06-20
Since 2008-06-28
Direction
#
%
Direction
#
%
Inventory
6695
Up
23
0.299%
Up
-2622
-28.1%
Median Asking Price
$199000
Up
$0
0%
Up
-$30250
-13.2%
Average Asking Price
$262707
Up
$861
0.299%
Up
-$33986
-11.5%
Average Asking Price Per SQFT
$149
Up
$1
0.700%
Up
-$24
-13.9%
SIT Inventory
2993
Up
-6
-0.20%
Up
-1655
-35.6%
FIT Inventory
744
Up
-21
-2.70%
Up
-1511
-67%
New Listings
683
Up
-25
-3.50%
Up
-439
-39.1%
Price Drops
357
Up
47
15.19%
Up
-397
-52.7%
Price Increases
24
Up
-12
-33.3%
Up
-1
-4%

Four County Inventory Levels




Inventory on 2009-06-27: 11187



Asking Price Levels



Price Inventory Levels



Asking Price Distribution



Troubled Inventory Levels



Flipper Market Share



Sellers In Trouble Market Share



Sellers In Trouble Days Since Last Sale



Asking Price Average Percent Loss



Asking Price Total Dollar Losses

(millions)



Weekly Inventory Price Changes



Weekly Inventory Price Changes