Monthly Archives: November 2009

Assessor Value vs. Market Value: A Difference of 2.86 Million Dollars

Today I took the last batch of property tax appeals for the year to the Sacramento County Assessment Appeals Board at 700 H Street in Sacramento (as pictured below). Before I headed out of the office though I thought it would be interesting to calculate the difference between the Assessor’s property tax assessment and my […]

Investor Turkey Shoot

A record-high 23,117 trustee sales are scheduled for sale Monday, November 30th,  in the coverage area (CA, AZ, NV, WA, OR). Because state laws do not allow trustee sales on state holidays, we expected to see a significant bump in sales Monday. However, the total number of trustee sales per day for the region […]

Why I am an Optimist

I admit that of late my writings have had a rather dark tone. There are certainly a number of severe long-term problems that we must deal with, and they’re going to serve up a lot of economic pain. But the Thanksgiving weekend with the kids has me in a reflective mood, and one that has […]

Update on Bank of America Short Sales and California’s Housing Market

Two interesting bits of information this morning. First, take a look at this chart from the Federal Housing Finance Agency. It shows the appreciation scale for housing in California from 1991 to present. Although we are not out of the slump by any stretch, it indicates the bottom happened in late 2008, which mirrors the […]

Walnut Creek, California – Real Estate Supply & Demand for October 2009

Click on this link to see the latest supply and demand data from the Multiple Listing Service (MLS) for Walnut Creek, California. There are two charts, one for attached properties and another for detached properties. The range of time is from May 2009 through October 2009. The chart for Attached properties during this time period indicates […]