SACRAMENTO REAL ESTATE: PRICES FIND THE BOTTOM

What emerged as a brief flurry of activity appears to have developed into buying trend. Sacramento prices?at least in some areas?may have finally found a bottom.

How do we know this? Although the activity seems highly concentrated in the bank-owned property arena, it has become common for buyers to have competition. Investors and first time buyers are competing for properties at the bottom, often driving up prices beyond that asked by the bank/owner. According to agents I know, there are many all-cash offers among the buyers out there.