Sacramento dubbed 2nd most affordable in State!

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.

This said, take a look some of the fantastic Sacramento Condos on www.newcondosonline.com. Two D.R. Horton developments include Carriage Lane, a D.R. Horton development moderately priced from $282,990 - $340,990 and Laguna Pointe, priced from the mid 200s. Also Washington Park Villas from Signature Properties is another affordable option starting in the high 300s. See more of these Sacramento new condos and pre-construction investment opportunities on www.newcondosonline.com