Modesto's Home Flipping Rate Rises, Bucking National TrendSeptember 14, 2017 | Steve MilneModesto has one of the highest home flipping rates in the United States. Analysts say flippers like Modesto because it still has a lot of low-priced housing available. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Investors Buying More Home Foreclosures As Inventory DeclinesJuly 20, 2017 | Steve MilneBanks are repossessing fewer Sacramento area homes, according to new numbers out today. It's great news for homeowners. But it means fewer opportunities for first-time home buyers who don't have a lot of money to spend and are looking for discounts. Listen /Update RequiredTo play audio, update browser or Flash plugin.
Home Affordability In Sacramento County At Nine Year LowJune 29, 2017 | Steve MilneSacramento County's median home price was $318,000 in the second-quarter of this year, helping to sink the affordability index even further. Analysts say affordability is the lowest it's been since the first quarter of 2008. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
More Competition For Low-Priced ForeclosuresFebruary 2, 2017 | Steve MilneMore third-party buyers are stepping into the Sacramento area housing market. Those are investors who buy foreclosures to convert into rentals or resell at higher prices. Last year, 45 percent of foreclosure auction sales went to third-party buyers. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Sacramento Home Affordability At Eight-Year LowDecember 22, 2016 | Steve MilneAnnual home-price appreciation in the fourth-quarter outpaced wage growth in Sacramento County. The median sales price of $305,000 is up 12 percent from a year ago, while average weekly wage growth is up by only one-percent. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Report: Foreclosures Below Pre-Recession LevelsJuly 14, 2016 | Steve MilneNew real estate statistics show there were about 25,700 California properties with foreclosure filings in the second-quarter. Research firm RealtyTrac says that's 25 percent below the pre-recession average. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Report: Wages Not Keeping Up With Home PricesJune 23, 2016 | Steve MilneA new report finds that home prices continue to outpace wage growth throughout the country - including the Sacramento region. Listen /Update RequiredTo play audio, update browser or Flash plugin.
Report: Vacancy Rates Falling, Zombie Foreclosures DecreasingMay 19, 2016 | Steve MilneA real estate report finds a 50 percent drop in Sacramento area "zombie foreclosures." That's when the bank has started the foreclosure process but not repossessed the property and the owner has left. The data also show vacancy rates are shrinking. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Report: Fewer Homeowners Underwater, More Equity RichMay 5, 2016 | Steve MilneRealtyTrac says at the end of the first-quarter, there were 611,563 California properties seriously underwater, representing 7.5 percent of all properties with a mortgage. That was down 18 percent from the same period last year. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Report: Investors Flipping Fewer HomesApril 28, 2016 | Steve MilneNew real estate statistics for both California and Sacramento County show institutional investors, or companies that buy and flip homes, accounted for less than one percent of all property sales in the first-quarter. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
