Some Positive News in the Media

Yes it is true, there have been some stories recently indicating our local real estate market may not be a “bubble bursting.” The best of these is in Sacramento Magazine this month which included this comment, “Buyers who haven't been getting much of a break in the past few years may indeed be out looking for bargains this spring. Depending on the price range, they could be in for a disappointment. Homes won't be appreciating at 20 to 25 percent a year as they have for the past three years, but prices aren't likely to plummet, either. In fact, when Mike Lyon, CEO of Lyon Real Estate, looks to the horizon, he sees respectable appreciation levels. "The crazy stuff is done," he says. "That's over. But under $500,000, you'll still get a nice appreciation-better than the stock market." Lyon agrees it's healthy for the market to slow down a bit.”