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How much is that house really worth? Appraisals in the Home Purchase Process

So it’s time for the appraisal.  An appraiser is someone that is hired by the buyer but essentially works for the lender to investigate the property.  Most importantly, an appraiser determines the value of the property as security for the loan that you (the buyer) are going to get on the property. Why is the …

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May 2016 Elk Grove Housing is Roughly 83% of 2005 Prices

An April 2016 article by Hudson Sangree on the Sacramento Bee website  shows Sacramento Area median home prices are back to 2004 levels. According to housing research firm Corelogic Analyst Andrew LePage “We’re roughly back to where we were before the sharpest part of the run-up”. I’m not sure 2004 is particularly noteworthy as it …

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