Mark and Suzanne Rentz
Designation:
REALTOR-ASSOCIATE, ALC Members, Master's Club
Phone:
916-283-8880
Mobile:
916-224-9779

Email


Mortgage lenders with large portfolios of distressed Sacramento loans say they're getting significantly better at rewriting them, and federal numbers released Wednesday suggest more homeowners are getting help.

 
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In Sacramento's Oak Park, where five vacant homes burned in the last four months, resident Sherry Pyatt is among those who keep a close watch on the neighborhood.
Investors paying cash for houses accounted for one in four home sales during the past year in Sacramento County and West Sacramento, becoming dominating players in a distressed market and squeezing out scores of first-time buyers, 2009 statistics now show.
Home building in California will generate considerably more economic activity this year than last, but it will remain a much smaller sector than it was during the boom times, according to a study released Thursday.
The Aerospace Museum of California and the North Highlands Recreation and Park District will take ownership of 26 acres of land at the former McClellan Air Force Base in the coming months, thanks to a federal-state agreement for how the site may be used.

QUESTION: When do you see the real estate market picking up? Is it going to be several years before we see better times?