Real Estate Blog

An Entire City May Go Bankrupt

The city of Vallejo is hurting, badly. Vallejo may run out of cash as early as March, council member Stephanie Gomes said. “This has been happening for quite a while. For 15 years the city council has been putting Band-Aids on the problem. (It has been) extending contracts and deferring payments for public safety to […]

Market Report For January 2008

Good News: Average Sale Price Appreciation – 6.1% ($343,900 v. $324,100) Median Sale Price Appreciation – 6.1% ($289,900 v. $273,200) Appreciation percents based on a comparison of average/median price for the last 12 months (2/1/07-1/31/08) with 12 months before (2/1/06-1/31/07). 12.8 Months of Inventory.  Every January we have a jump with inventory between December and […]

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