We attended our March main meeting at the Sacramento Association of Realtors last week. The guest speaker was Leslie Appleton - Young, the chief economist for the California Association of Realtors. It was a very sobering report but did provide some hope for a light at the end of the tunnel. We have gone through approximately 80% of our current foreclosure inventory. That is good news. There are more on the way however. According to the reports Sacramento was one of the first areas to be hit and will be one of the first to recover- Yeah. I have attached a link to her power point presentation below. Even with all the negative news this is still a tremendous time for first time homebuyers to purchase an affordable property or for investors who are looking for rentals. Interest rates are great.
http://www.sacrealtor.org/documents/events/03-03-09sacto.ppt
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