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Sacramento Housing Market Predicted To Be Nation’s Second Hottest For Sellers

Confirms what I am seeing in the field. Great time for sellers!

CBS Sacramento

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SACRAMENTO (CBS13) – Home prices in Sacramento have reached the highest levels in 11 years and are expected to grow faster than nearly every other place in America this year.

Zillow forecasts Sacramento will see the second largest rise in home prices — nearly 12 percent in 2013. In fact, with the exception of Phoenix, California occupies all the top seven spots.

A shortage of houses for sale is driving up prices and making this a hot seller’s market. A home we went to in Natomas sold for $259,000 in just 48 hours to a foreign investment group.

“Any time the value of homes go up, people that own houses are going to benefit,” said real estate investor Rich Crosby.

Sacramento home values started picking up last year and the Zillow estimate of another 12 percent increase will only keep investors in the market. They’re…

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