Recession’s over, but it doesn’t feel that way in capital area

It looks like the longest U.S. recession since the 1930s is over.

So why doesn’t it feel that way?

After four quarters of shrinking, the nation’s economy – as measured by its gross domestic product – grew 3.5 percent in the third quarter, the Commerce Department reported Thursday.

But the news did little to erase the gloom that has settled over Sacramento’s economic landscape like a thick tule fog.

Local businesses are keeping the umbrellas within arm&rsquo... Read more

Home Front: Small home makes big splash in Sacramento development

By Jim Wasserman
jwasserman@sacbee.com

http://www.sacbee.com/business/story/2108425.html?storylink=pd

The K. Hovnanian-built house in Natomas has a standard-size bedroom and a surprisingly large great room that combines a kitchen and living room. But that’s about it for 817 square feet – likely the smallest new house for sale in Sacramento. Price: $126,000.

Home Front discovered this seventh wonder of the real estate world via colleagues who got builder postcards aiming to pry boom... Read more

August 10, 2009
Bad June swoon for Sacramento-area homebuilders

http://www.sacbee.com/static/weblogs/real_estate/

Ouch! Homebuilders in Sacramento, El Dorado, Placer and Yolo counties reported their second worst sales month of 2009 in June, selling just 197 homes, condominiums and townhouses, the California Building Industry Association reported about an hour ago.

These things happen. But the regional sales tally was the lowest since January, when builders sold 163 homes, reported the CBIA, a trade group for state homebuilders.

It rather flies in the fac... Read more

Sacramento-area home sales fall for 1st time since April 2008

By Jim Wasserman
jwasserman@sacbee.com

http://www.sacbee.com/business/story/2033127.html

The 14-month streak is over.

Sacramento-area home sales reached their highest monthly count yet this year in June. But with fewer bank repos on the market, they failed to beat the numbers from June 2008, according to new statistics released Thursday from researcher MDA DataQuick.

It was the first time since April 2008 – when year-over-year figures turned positive after three years of declines – ... Read more

Sacramento region’s repossessed home sales boom hits lull

ShareThisBy Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/1789794.html

Published: Saturday, Apr. 18, 2009 - 12:00 am | Page 1B
Months of foreclosure moratoriums, stepped-up loan modifications and bank decisions to keep repossessed homes off the market are biting hard into a slice of the economy that has come to depend on sales of distressed homes.

Sacramento-area real estate agents who sell bank-owned homes and the contractors who fix them before and after sales ... Read more

The following link provides real estate sales statistics for the various communities, towns and cities within the Greater Sacramento area, as well as in the Counties of Placer and El Dorado. The data is for transactions through the month of February 2009, and compares to the same month, a year prior.... Read more

The latest real estate sales statistics by zipcode for Sacramento and the Surrounding Areas can be accessed by clicking on the following link:... Read more

Here are the Real Estate Sales Statistics for 4 Counties (Sacramento, El Dorado, Placer, Yuba) through the month of December 2008.... Read more

Here are the latest real estate sales statistics for the Greater Sacramento Area, as well as Surrounding Areas. They represent activity through December 2008.... Read more

Here are the Real Estate Sales Statistics for 4 Counties (Sacramento, El Dorado, Placer, Yuba) through the month of November 2008.... Read more

Here are the latest real estate sales statistics for the Greater Sacramento Area, as well as Surrounding Areas. They represent activity through November 2008.... Read more