Despite all the doom and gloom regarding the housing market in the news, I'm seeing a strong comeback. I was out showing homes in Elk Grove zip code 95757 last Saturday and there were homes buyers and real estate agents all over the area. Everywhere we went we were all bumping into each other.
I have a few clients who have even lost out on homes before they could even make an offer. The smart banks are starting to list their foreclosed homes around the $100 per square foot mark. One home some clients missed out on was a 3-year-old home listed for $103 a square foot. Before we could even make an offer it went pending with 12 offers and going for more than asking price.
So, ignore the media...the Sacramento Region housing market is coming back and you won't know we hit the bottom until about 6 months later.
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