Yippee, the Sacramento Market is Coming Back!

If you were waiting for the "bottom", here we are. Bring you pink slip and your check book" the radio ad would blare. That was to signal that when you went shopping, you needed to be prepared to buy. So it is for Sacramento buyers this spring. Once the temperature hit 80 degrees in April, the genie took the cork out of the bottle and the phone has not stopped ringing. Not only are REO's (foreclosures) hot, but short-sales are starting to flow. Even seller-occupied sales are seeing a resurgence. Sacramento and Placer Counties are seeing transaction volumes jumping as much as 93% over last year, while median prices fell about 20%. That sounds like the bottom to me. Your Thoughts????