The latest issue of Economy Watch from the Sacramento Regional Research Institute indicates that while the Sacramento Region saw a slight drop in job growth in May compared to the previous month, growth has remained above 2 percent, and the Sacramento Region remains above the Bay Area, statewide, and national averages.

Government led all major sectors with the greatest job gains in the Sacramento Region followed by the Educational and Health Services sector, and Professional and Business Services sector.

The steady job growth and the buyer-friendly housing market make the Sacramento Region an attractive place to live.

The largest condo hotel tower on the west coast by developer John Saca is in dire straits after he defaulted on a $22 million dollar loan for the project.  The Towers or Sac Towers as it has been sometimes called has a prime location by the river on the edge of downtown Sacramento.  I have had “high” hopes for this project for a year now and have been following it closely.  My wife’s family is from Sacramento and I have visited the site several times.  NCO had actually been in talks with the developer and the marketing company initially representing them about everything from advertising to bulk purchasing 30% of the units.  Since that time the project has gone through a series of ups and downs and been put “on hold” multiple times.   John Saca, who is best known for retail development, has plans for a very ambitions project for which the timing may not be ideal.  Construction costs for these Sacramento condos have put the project in jeopardy since day one.  Construction stopped in January when contractors filed liens against the developer for millions in

The city of Elk Grove, founded in 1850 and located just south of the city of Sacramento, is a fast-growing community with a lot to offer residents of the Sacramento region. Like other communities in the region, Elk Grove is within easy driving distance to both the Sierra Nevada Mountains and the San Francisco Bay Area.

The community has preserved open space such as the Cosumnes River Preserve and the Stone Lakes Wildlife Refuge, and created parks to ensure that even as it grows, Elk Grove retains its natural beauty. The city is also home to cultural events such as the Johann Strauss Festival, Dickens Faire, and Community Harvest and Giant Pumpkin Festival. 

Elk Grove offers a broad range of properties from starter homes, condos, new home developments, and ranch estates.  Here at New Condos Online, you can find information about the Somerfield and Laguna Pointe condo developments.

And we at the Marilyn Goff Team couldn't be happier!

To begin with, stop thinking that the real estate market is in a tail-spin and getting worse every day. For the Sacramento Region, this is just not true. Has there been a downturn in list prices? Absolutely. A downturn was needed. Like any commodity, from stocks to houses, runaway prices do not benefit the majority of consumers. The housing market has stabilized and now is a great time to buy. Will prices go lower? Only on those homes that were grossly overpriced to begin with. Buyers are in a good position in this market to negotiate a home to a correct price.

Easy to do? Nope. And this is why you need to be working with an experienced real estate agent.

The Sacramento Region is a great place to live and work and now is an excellent time to buy.

Investors and new condo and homebuyers, should really be taking a closer look at Sacramento for their next purchase. According to a report released Thursday by the California Association of Realtors, The Sacramento region is the second most affordable area in the state of California Right now for first time homebuyers. According to the report, in Greater Sacramento, 43 percent of households could afford to buy an entry level new condo or home, up from 40 percent last year. The first-time buyer median price was $310,670, with a minimum qualifying income of $62,640. Statewide, the minimum household income needed to purchase an entry-level home for $480,670 in the first quarter this year was $96,910, based on an adjustable interest rate of 6.3 percent and assuming a 10 percent down payment.