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Sacramento Housing Market Levels Off

Sacramento Housing Market Levels Off
Posted August 15th, 2014 @ 1:51pm by KFBK News

We've gone from boom to bust -- and back -- but now Sacramento's housing market is leveling off.

Real Estate Firm Data Quick tracked an 8 percent increase in county home prices from July of 2013 to July of this year, down from a 45 percent spike the year before.

The smaller gains -- seen as normal -- may continue, even, with more apartments in a newly-developed downtown.

Tenants will eventually have families "and at that point they're going to want to go to the 'burbs, I believe. They're gonna want to get out and have backyards and picket fences," said Terry Knight, host of the KFBK Real Estate Show. 

Knight says Sacramento is not alone. The whole state has seen its first single-digit price gains in over two years.


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