Sacramento Real Estate “Less Favorable” in report… May Not Be Helped Much By Extension Ot Tax Credit
November 13th, 2009 Categories: Real Estate News, Real Estate Trends, Sacramento Foreclosures, Sacramento Real Estate, Sacramento Real Estate Trends
Sacramento real estate market called Less Favorable in think tank report…
Urban Land Institute, a Washington D.C. think tank reported yesterday in its “Emerging Trends in Real Estate 2010” report that there may be problems ahead for Sacramento real estate market.
Jonathan Miller, a consultant for PricewaterhouseCoopers who wrote the report,said ”On balance here, I guess it’s a sober year for 2010 and maybe not much better in 2011,” in a telephone news conference from the convention. “It all depends on how the economy behaves and if the consumer comes back. We don’t expect much of a resurgence.”
In the report, Sacramento was described as less favorable because of “concerns about government gridlock, rising taxes and an inhospitable business climate”.
