Saturday, July 02, 2011

Sacramento Real Estate Market - July 2011 Water Cooler

Post off-topic links, observations, and stories about the Sacramento real estate market. Please read the comment policy before posting.

Posted by Lander at 10:40 PM

Topics:

7 comments:

RV6Flyer said...

http://www.bloomberg.com/news/2011-07-07/landlords-limit-freebies-as-u-s-apartment-vacancy-falls-to-6-.html

Friday, July 08, 2011 7:56:00 PM
RV6Flyer said...

http://www.bloomberg.com/news/2011-07-08/manhattan-apartment-rents-jump-7-as-landlords-end-concessions.html

Friday, July 08, 2011 8:03:00 PM
husmanen said...

RV6Flyer. I helped friends move over the weekend, from a soon to be REO to a rental. They said the rental market was brutal and the pressure is on. Examples include retracting a suggested rental amount and relisting it on Craigslist for higher due to very high demand.

Although I see the current economy in a slow steady state towards recovery, I don't see the normal economic signs for raising rents. However, I do see a number of people that have lost or losing their homes with a ton of cash in their pockets. This could easily drive up rental prices in the short term.

Now if the economy starts really rolling again, at the same time renters awash in cash are leaving the rental market, the short-term could become long term and the rental market could settle at these higher prices.

Very interesting times....

Monday, July 11, 2011 1:10:00 PM
husmanen said...

Calculated Risk. Sacto Data and Stats. We have 'pure' REOs at about 43%, relatively stable for about 2 years. Conventional and SSs making up the rest.

http://www.calculatedriskblog.com/2011/07/distressed-house-sales-using-sacramento.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29

Data Source:
http://www.sacrealtor.org/public-affairs/statistics.html

Monday, July 11, 2011 3:31:00 PM
whatever said...

Very true. We just listed our home for rent and received a TON of inquiries within minutes of listng.

Alot of the inquiries came from people SS their homes and, as you said, with lots of cash. Some offered to pay us 6 months in advance rent. In the end, we rented to people who we thought would fit in with our neighbors (we're renting our permanent residence - not a rental property).

Tuesday, July 12, 2011 10:48:00 AM
Devendra Bind said...

Investment into the property is hard. But it is good for feature.
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Tuesday, August 09, 2011 5:33:00 AM
Marcus said...

Real Estate is the only market that highly affect the economy of the country therefore it is stated that it will would be best to contribute in the country development by making high investment in the property. Real Estate is the only business which never remain stable for long this may be consider its drawback or advantage depends upon vision.
VA Foreclosed Home

Friday, February 24, 2012 9:39:00 PM

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