Mar 5, 2009

Economist Predicts Recovery in Sacramento

Hello Neighbors,

A very brief blurb in the news that caught my eye:

What did the article say?

Just a few quick paragraphs, reported through the AP:

Associated Press
March 4, 2009

SACRAMENTO - If Sacramento was the first housing market to fall, real estate experts say it may be among the first to recover.

Leslie Appleton-Young, chief economist at the California Association of Realtors, says Sacramento County is through about 80 percent of its subprime mortgage resets. Those were the adjustable-rate loans of less qualified borrowers that contributed to mass foreclosures.


- Jim

No comments: