All Summer Long!

Been kind of an up and down week around here. Busy with some client issues, in particular trying to recover a deposit, setting up an escrow and doing some general research for an investor who is interested in buying in our area.

Over the past week I have been contacted by two investors who feel like now is the time to buy in our market. Neither on lives here, both are in other parts of California and have said the believe now is the time to look at Sacramento real estate. During the past month, a home in my neighborhood was sold and now rented by an investor so maybe all of this is a sign. Or at least an indication that there are buyers out there who believe the Sacramento real estate market has stabilized.

I checked and see that available inventory is continuing to creep up with over 17,000 home on the market in the greater Sacramento area. As more houses come on the market there is downward pressure on pricing and according to the latest report at HousingTracker, the median asking price slipped a bit from where it has been over the past several weeks.

On a happy note, today is the last day of school for Mikie and his 1^st grade classmates here in the Roseville/Rocklin area. The last few weeks have been busy for all of us as school was wrapping up so I know it is more than just Mikie looking forward to a summer break! Do you remember how good it felt on the last day of class and knowing you had an entire summer to play?