As the strong job market in Northern California continues to attract new workers, the real estate markets in Sacramento, El Dorado and Placer Counties are becoming ever more attractive to prospective buyers.
CBS News recently named San Francisco as one of the top five cities in the nation for active hiring, but with sky-high real estate prices, some Bay Area workers are choosing to settle down right here in the Central Valley. In fact, according to the United States Census, more than one in 10 San Francisco workers commute an hour or more. As more companies offer flexible telecommuting and work-from-home options, it becomes more feasible to live farther from the office. And while a typical Bay Area salary doesn't go far toward buying a San Francisco home, you can get more bang for your buck by heading just a short distance East.
The director of the Business Forecasting Center at University of the Pacific, Jeff Michael, recently told the Sacramento Business Journal that not only are San Francisco workers migrating to Sacramento, but some businesses are also leaving the Bay Area and heading toward the Central Valley. That's good news for our economy since Michael says that local job growth is expected to continue.
"The data keeps looking better and we're on continued on track for recovery," he said.
All of this is great news for current and prospective homeowners in our area, as values appear set to appreciate in the coming years. If you've been thinking about buying property in Sacramento, El Dorado or Placer County, now might be the time to take the leap. Contact me, top real estate agent Jon Hesse, and I'll show you the best California homes for sale.