Richard Kitowski's (rkitowski27) Blog

 Sacramento resale home market shows continued stability, but there are questions: In the month of November there were 1,439 closed sales in Sacramento County, including the City of West Sacramento.  this is 277 fewer closed sales than October, 2009. What tells of future closings are the Pending ...

The Multiple Listing Service statistics were recently published for the month of October and the figures show a very stable residential real estate market. There were 1,716 closed sales for October contrasted with the 1,631 sales that closed in September, a 5.2% increase.  Of the October closed s...

In May of 2008 the Sacramento Assn of Realtors started showing the number of bank owned home sales as a part of the total home sales for Sacramento County and the City of West Sacramento.  The May, 2008 statistical report showed that there were 1084 (65.5%) REO out of the total of 1654 single fa...

There were 1,631 closed single family home sales for the month of September, 2009. This is down from 1,683 home sales for the month of August. For September, REO sales were 45.4% (741), short sales 19.3%(314) and conventional sales at 35.3%(576). The median home price for Sacramento County decre...

This report is a little late but the information is relevant.  The median sales price for homes sold/closed in Sacramento County changed from $180,000 in July to $190,000 in August.   This is an increase of 5.6%. Many factors affect the median home sales price but fewer bank-owned sales is proba...

Over the past several years it seems that a house may have been looked at more as a commodity than a home.  I looked up the meaning of commodity and it was pretty much what I thought . . . a product that is the same no matter where you are.  Copper is copper.  Gold is gold, wood is wood and so on...

Nonfiction:      Factual information tells a story of Realism In a recent issue of our local Sacramento newspaper  there was a sidebar news item in the business section entitled "Over half of capital-area mortgages under water".  The data for this article came from First American Core Logic and J...

Transfer your existing property tax base.  Last week in our Sacramento newspaper a person asked the question to one of the newspapers financial experts about transferring their existing property tax base to a replacement home purchase.  Here in California in 1986, Proposition 60 legislation was p...

Some statistics for Sacramento County and what they mean.  There will be a lot of statistics in this blog but they do tell a story as to what is currently taking place in the Sacramento single family home resale market.  Real estate has usually been viewed as a long term investment that will prov...

Here in Sacramento we are in the midst of a competitive mayoral race between the incumbent, Heather Fargo and the main challenger, Kevin Johnson.  Kevin Johnson became a candidate days before the deadline for filing to enter the race.  Until then Heather Fargo was going to be unopposed by any wel...