(CapRadio.org) – A research firm predicts home prices in the Sacramento area may “soften” later this year.
The latest numbers from Clear Capital show home prices in the Sacramento-Arden-Roseville area have increased by 9.5 percent in the past year. That’s good news for homeowners. But for first-time home buyers it’s getting harder to enter the housing market, especially now that there are fewer foreclosures, or reduced-price homes available.
Clear Capital’s Alex Villacorta says during the housing crisis, nearly 50 percent of the Sacramento area’s inventory of homes were foreclosures. Now it’s only 10 percent.
