Sacramento Appraisal Blog

Market trends and real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.

Real Estate Broker Joel Wright

The Sacramento real estate market so far in 2012

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What’s been happening in the Sacramento real estate market in 2012 so far? I recommend checking out The Wright Report to understand how the market has shifted. The latest version focuses on the first half of 2012 in the counties of Sacramento, Placer, Yolo and El Dorado. The report is the most comprehensive local report I know of as it shares recent and historical housing data, commentary, graphs and local and national trends. I was honored again to contribute a piece in the report on “high offers” (it might look familiar if you’ve been reading my blog lately).

I hope this is helpful. You can read the embedded report below or DOWNLOAD. This is relevant for consumers, real estate professionals and those considering investing in the market. I recommend downloading since the report is 36 pages.

Question: If you had to describe the housing market so far in 2012 in just a few words, what would you say?

If you have any questions or Sacramento home appraisal or property tax appeal needs, let’s connect by phone 916-595-3735, email, Twitter, subscribe to posts by email (or RSS) or “like” my page on Facebook

How does Sacramento unemployment compare to California and the rest of the country?

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At the risk of sounding like a geek, I’m really excited about this graph. While the trend feels painful in some senses, it’s interesting to see how Sacramento compares with the state and country.

Unemployment Rate in United States California and Sacramento County - Graph by Sacramento Appraisal Blog - 530 pixels

As you can see, while the unemployment rate began to plateau nationally during 2008, Sacramento County and California weren’t finished increasing. If you remember, the latter part of 2008 was not an easy time for Sacramento real estate. That’s when a “wave” of foreclosures flooded the market and really drove prices down. If you don’t remember the wave, check out a previous post that shows ten years of housing inventory as well as a video interview on why inventory is so low right now (only one month of housing supply).

Unemployment is simply one of those big metrics to watch, and we need to see a decline over the long haul to really see our housing market improve. After all, it’s hard to imagine a full recovery when unemployment has still been hovering around 11.0% in Sacramento County, right?

Unemployment Rate in United States California and Sacramento County - Graph by Sacramento Appraisal BlogClick the thumbnail image to view a larger graph (2x the size of the one in this post). If you’d like to use the graph on your blog or website to be a resource to your readers and clients, please do so. Please see my sharing policy for details. It’s a huge honor when others share my content.

Thank you to my real estate broker friend Joel Wright who traded some data back and forth with me as I gave him what I had for all of Sacramento County and he gave me what he had for California and the United States. That’s how this graph was born. Data source: EDD.

What do you see above? How does this graph strike you?

If you have any questions or Sacramento area real estate appraisal or property tax appeal needs, contact me by phone 916-595-3735, email, Twitter, subscribe to posts by email or “like” my page on Facebook

Inteview: Mistakes Investors Make in Real Estate

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Part 3 of 3: I sat down recently with Sacramento real estate broker Joel Wright to discuss real estate investment and some of the common mistakes investors make. Joel specializes in working with investors and he knows his stuff. In this video we hit on topics such as lending, paying all cash, buying the wrong property and other topics. Let me know if you have any questions and check out The Wright Report also for a very detailed analysis of the local market. View Part 1, Part 2 and Part 3 below.

What other investor mistakes would you add to the list?

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook. 

Interview: Unpacking the real estate investment market in Sacramento

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Part 1 of 3: I sat down with Real Estate Broker Joel Wright recently to discuss investment in Sacramento real estate. We hit on topics such as property value, inventory, the bubble burst, rent levels and opportunities for investors right now. Joel really knows his stuff and he’s honest. Watch the video below (or here), check out The Wright Report and let me know if you have any questions.

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook.

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