August 1st, 2012 11:14 PM by Eric Fang
A few clients called me about the purchase of rentalproperties or primary homes. Please click thefollowing link first.
According to the borrowers, they all felt that the pricing goesup in most of the affordable areas(liek Sacramento, Elk Grove, Tracy, Brendwood, etc). The problem is which price you comparedthe current market with. You can not always compared to thelowest price. It might be gone forever. So if you want to purchase, just go head, the price is still low.
Some borrowers talked about the houses in Elk Grove. It's hard toget the houses, and the price went up. But if you compared the price with the price of the end of 2008, the current price is still verylow.
And for the house price, if you are willing to put 5k to 10k more,your chances of getting the house will be higher.