Local Good News for Real Estate

... or should it have been good news for local real estate? Well, I'm only on my second cup of coffee this morning! But more to the point, we know that newspapers had been crying bubble burst for 2 years before we saw any downtick in housing prices and activity. So forgive me if I'm not excited by the news lately. But it is positive, so I feel the need to put it here.

The Press Tribune opined yesterday that although the rest of the country is facing major declines in values, Sacramento only fell about 3.5% and shows signs of stabilizing. Thomas Elias also states that California has largely been saved the worst of the market hits because there is a constant inflow into this state. Whew!

Today, the SacBee reports that the housing slump might be close to its bottom or at the bottom. And that this does not affect the rest of the economy. I've been saying for a very long time to buy, buy, buy. Buyers, if you wait too long for a deal, it's going to zip right past you and you'll be buying on the uptick! Not later than 2007. Mark my words.