Placerville makes way for the latest “evil knevils” of their time with the Placerville speedway catching momentum this year. This event normally conducted at El Dorado County Fairgrounds on a quarter mile oval. There is news of newly built cars and admission for sneak preview will happen later in the month. Apart from the speed racers, the kids also get bicycle races and other categories of races, including your police personnel, will also be conducted keeping the residents glued to all the racing action.
Chuck’s is another interesting spot for the locals and the travelers, which is...
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Are you planning to build a home in Sacramento? Then you will want to consider the new trend in Sac Town, which is, living in Green Homes. Does that mean you have to color your house green?? No. Then what are Green Homes? Green Homes are places of healthier living. They are constructed using fewer resources when compared to the traditional homes. Green homes create much less waste as they use less energy and water. The main factor is to reduce the energy utilization. The characteristics of a Green Home are many.
• The ordinary windows are replaced by windows that are energy efficient...
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LINDA HESS of GREATWEST GMAC REAL ESTATE, 2235 Douglas Blvd.#520, Roseville, Ca. has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property....
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Home Front: Quarterly home sales worst yet for Sacramento area
Sacramento-area home builders just keep singing the blues.
July, August and September brought their worst quarter yet in this long housing crash: just 616 sales in El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties, the Folsom-based Gregory Group reports today.
Actually, nearly all the region’s sales were in Placer and Sacramento counties alone. The suburban cities of Placer County accounted for 44 percent of third-quarter sales of new homes in the region. Sacramento County’s outer...
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Hats are off today to Sacramento’s Michael Choe, 43, a supervising engineer with the state Department of Toxic Substances Control. This week he earned his second appearance in Time magazine since 2005 – for making good calls in this crazed real estate market.
Choe sold high in 2004.
He rented for four years.
He bought low in 2008.
As the housing crash continues, Choe’s is the ultimate wish-we-had-done-that tale.
In September 2004, as the market soared (the median price was 25.6 percent higher than the same time a year earlier in Sacrame...
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Sales of existing homes in the Sacramento area climbed 2.6 percent from June to July – far short of the surprising 7.2 percent rise nationally that sent stocks soaring Friday.
A July report showed sales of 3,495 existing homes in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties, according to San Diego-based researcher MDA DataQuick.
Buyers also closed escrow on 320 new homes to pu...
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The K. Hovnanian-built house in Natomas has a standard-size bedroom and a surprisingly large great room that combines a kitchen and living room. But that’s about it for 817 square feet – likely the smallest new house for sale in Sacramento. Price: $126,000.
Home Front discovered this seventh wonder of the real estate world via colleagues who got builder postcards aiming to pry boom...
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Sacramento’s new-home sales are still down and out, but some capital-area builders are betting money that the region’s suburbs will soon resume their growth boom.
They’ve begun snapping up ready-to-build home lots at prices ranging from $25,000 to $67,000, setting the stage for a new suburban land rush.
The phenomenon suggests that a real estate...
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Sacramento-area prosecutors focus on mortgage fraud crime
By Chelsea Phua
cphua@sacbee.com
About two years ago, El Dorado County District Attorney Vern Pierson hired a forensic auditor and increased training for his prosecutors in the area of real estate fraud and other financial crimes.
He dedicated two prosecutors and two investigators to handle a majority of the fraud cases.
As a result, more financial schemes that in the past might have been dismissed as belonging in civil court are instead being prosecuted as criminal offenses, El Dorado pros...
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August 10, 2009
Bad June swoon for Sacramento-area homebuilders
http://www.sacbee.com/static/weblogs/real_estate/
Ouch! Homebuilders in Sacramento, El Dorado, Placer and Yolo counties reported their second worst sales month of 2009 in June, selling just 197 homes, condominiums and townhouses, the California Building Industry Association reported about an hour ago.
These things happen. But the regional sales tally was the lowest since January, when builders sold 163 homes, reported the CBIA, a trade group for state homebuilders.
Capital-area foreclosures keep climbing in second quarter
By Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/2047112.html
The capital-area foreclosure crisis raged on in April, May and June, with lenders repossessing another 4,448 homes and filing notices of default against 10,682 more households late on their payments.
The newest statistics from La Jolla-based researcher MDA DataQuick brought the foreclosure total to 41,903 households since the start of 2007 in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yu...
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Sacramento-area home sales fall for 1st time since April 2008
By Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/2033127.html
The 14-month streak is over.
Sacramento-area home sales reached their highest monthly count yet this year in June. But with fewer bank repos on the market, they failed to beat the numbers from June 2008, according to new statistics released Thursday from researcher MDA DataQuick.
It was the first time since April 2008 – when year-over-year figures turned positive after three years of declines – ...
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The sales statistical graphs linked below are for the counties of Sacramento, El Dorado, Placer and Yuba. They compare May 2009 to the year prior (May 2008), as well as data for April 2009 vs. April 2008.
California began a 90 day moratorium on foreclosures which began mid-June. Inventory in many areas is shrinking.
Many bank owned properties are receiving multiple offers from Buyers as prospective homeowners see opportunity in the marketplace.
Almost four years into the real estate crash, a once-thriving sector of the Sacramento-area housing market – the move-up buyer – has become a virtual dead zone that must revive itself for a true recovery to take hold, analysts say.
Even as real estate rocks with enthusiastic first-time buyers and investors – accounting for up to two-thirds of area sales – one expert warns against being f...
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El Dorado County officials turned down $1.6 million in federal stimulus funds, leaving an ideologically diverse group, including affordable-housing advocates and local contractors, angry and perplexed.
The Board of Supervisors last week twice rejected what staff members described as no-strings-attached funding.
"It’s as close to a no-brainer as I’ve ever seen come before this board," Richard ...
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