Falling Prices Bring in Investors

Speaking of the greater Sacramento Region, it seems as if $200,000 is the level at which demand steps up to meet the supply. Reports are that homes at $200,000 and below are experiencing multiple offers as of late.

My previous post points out however that precious few of these low priced homes are available in Davis and Winters. Woodland and Sacramento seem to have more supply.

As mortgage requirements get tighter, it is investors filling the void. First time buyers struggle against current economic conditions to save a down payment and qualify, while experienced investors with cash and financing snap up the bargains.

There is no doubt that housing in Yolo County and Sacramento County is becoming more affordable. In my next post, I will provide some details as to the latest median home prices and sales numbers for the area.