Sacramento Real Estate

Sacramento Real Estate boasts the capital of California the 9th largest economy in the world. Its major freeways are highway 99, Interstate 5, highway 50 and interstate 80. It is located just over a hundred miles from San Jose Real Estate. Sacramento Real Estate experienced the best of the real estate boom. Home prices in this area were appreciating at staggering levels at the beginning of the century. Fueled by artificially low interest rates Sacramento Real Estate expanded in supply with the addition of thousands of new homes. Now that the boom has passed many of these new homes have not sold and are sitting vacant, some even unfinished on the outskirts of Sacramento. The Sacramento real estate area is home to some of the hardest hit areas of California real estate. Some home prices have already fallen as much as fifty percent. The good news for Sacramento real estate is that the median home price qualifies for a conforming real estate loan. That is a loan under $417,000. This is important because it offers the best rates and the most flexible underwriting. We expect to see Sacramento Real Estate prices continue to drop until winter about March 2010. We believe this is how long it will take to cycle most of the foreclosures Sacramento out of the market.