There are a number of factors that people generally consider when they're trying to figure out where to relocate and buy a home, and an area's local economy is often of top concern. This makes perfect sense, as people need to know that they'll be able to find employment in a new location before making such a big financial and emotional commitment.
That being said, if you've been thinking about relocating to Sacramento or the greater Sacramento area, you can rest assured knowing that according to the Sacramento Business Journal, the unemployment rate in California's state capital at the end of 2013 dropped from 8 percent in November to 7.6 percent in December, making it lower than the overall state's unemployment rate of 8.3 percent. Additionally, 1,000 jobs were added in Sacramento during that time period.
"The Bay Area accounted for 82 percent of California's December job gains, but the Sacramento region also gained 1,000 jobs in December and a total of 17,900 for the year, eclipsing the state job growth rate," explains the source. "The Sacramento region's economy also benefits by growing interest in biotech and clean tech emanating from University of California Davis."
In addition to an improving unemployment rate, Sacramento boasts plenty of other benefits. It's just a short drive from the Bay Area, Napa Valley and Lake Tahoe, yet the real estate is much more affordable than what you'll find in these popular Golden State destinations. In fact, more and more people who work in the Bay Area are choosing to settle down in places like West Sacramento, Elk Grove and Davis, which are great areas to raise a family.
If you're interested in viewing Sacramento homes for sale, you can rely on Jon Hesse, one of the top real estate agents in the area, to assist you with this process.