On March 20, real estate research company RealtyTrac published a press release announcing the results of a recent analysis of housing market health in more than 400 counties across the United States. According to the source, 96 percent of the counties examined are better off now than they were in 2010, and 80 percent are better off than they were in 2012. This is great news, as it indicates that the real estate market has been in a continued state of recovery since the Great Recession.
RealtyTrac examined affordability, home price appreciation, percentage of bank-owned (REO) sales and the unemployment rate in its analysis. In the company's press release, RealtyTrac vice president Daren Blomquist spoke about the drastic decrease in foreclosures over the past few years.
"The housing recovery has taken root in hundreds of counties across the country and almost all local housing markets are better off than they were four years ago when foreclosure activity peaked in 2010, with more than 1 million homes lost to foreclosure in that year alone," said Blomquist. "We saw less than half that number of bank repossessions nationwide in 2013."
If you're interested in buying or selling El Dorado Hills or Placerville real estate—or real estate in any other part of the Greater Sacramento area—now is a great time to begin this process. There are plenty of gorgeous properties for sale in this bustling part of Northern California, and there are experienced real estate agents who are here to help.
Jon Hesse is a Sacramento real estate agent with a history of over $100 million in real estate sales and a decade of experience assisting buyers and sellers in and around Sacramento. Call Jon today to schedule an appointment!