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Sacramento Regional Real Estate Trends for August 23, 2008
8/25/2008 10:13 AM
Inventory change was essentially flat this week, with a slight decline of 0.5%. The median asking price held steady at $220,000, while the average dropped $2,000 to about $283,000 and change. Lower-priced inventory continues to increase in all four counties, but that increase is being offset by declines in higher-priced inventory. Based on the week......

MSM Pickes Up The Shadow Inventory Story
8/25/2008 10:13 AM
I won't say I wasn't interviewed by the AP for this, but since they don't quote anonymous bloggers anyway, you'll have to take my word for it. I'm glad this story is getting wider attention. That's what we do here at Sacrealstats: drive the national debate. :)Foreclosures distort housing data By Rachel Beck - ASSOCIATED PRESS 11:45 a.m. August 19......

Sacramento Regional Real Estate Trends for August 16, 2008
8/25/2008 10:13 AM
Got a lot on my plate this week, so just the graphs. ......

Insight into Shadow Inventory
8/25/2008 10:13 AM
Edit: In my haste to publish, I failed to include the following footnote that belongs with each table:Source: Realtytrac, Housingtracker, Deutsche Bank Note: Foreclosure inventory includes pre-foreclosures, auctions and REO. 2/3 of pre-foreclosures are assumed to become foreclosures.I'm not sure if they reduced the pre-foreclosure number by 1/3 bef......

Sacramento Regional Real Estate Trends for August 9, 2008
8/25/2008 10:13 AM
Inventory showed a minor increase of 200 listings this week, which keeps it within the 14,000-14,500 band we've been in since May. Asking prices held steady, as did the stress indicators. Welcome to August, when everyone takes a vacation! ......

Seattle Flippers In Trouble
8/25/2008 10:13 AM
Yep, I've branched out again, this time to the great green north. Seattle has been one of the last places in the US to experience house price declines; they're where Sacramento was in late 2006. It will be interesting to see if the FIT counts grow as much there as they did here in the months to come. Check out Seattle Flippers In Trouble, and let m......

New Mobile Blog
8/25/2008 10:13 AM
After patiently awaiting the end of our Verizon contract, my wife and I are each now proud owners of a certain, über-trendy handheld cellphone. (I have to say it's pretty slick, which is what you'd expect from a fashion design company masquerading as a computer manufacturer. :) Among the blessings and curses of being online and available 24 hours a......

Sacramento Regional Real Estate Trends for August 2, 2008
8/25/2008 10:13 AM
The markets continued to tread water this week, with gradual downtrends in both asking prices and inventory, and gradual uptrends in market stress indicators. Of note, the average SIT loss is now 35% of last selling price, and SITs remains at over 50% of the Sacramento market. ......

Empty Panera
8/25/2008 10:13 AM
Trying my hand at mobile blogging. This was the Panera Bread on Laguna and 99 this evening at 7PM. Deader than a doornail. The place is just opposite of the Islands that went broke a few weeks ago.FWIW, Mikuni's was hopping......

Governer Cuts State Worker Pay; Nobody Cares
8/25/2008 10:13 AM
The Governator signed an executive order cutting the pay of 200,000 state workers to $6.55/hour.IT IS FURTHER ORDERED that the Director of the Department of Finance and Director of the Department of Personnel Administration shall work with the State Controller to develop and implement the necessary mechanisms, including but not limited to pay lett......