Archive for the 'Sacramento History' Category
Housing, Unemployment, Foreclosures – Elk Grove Has Been Hit Harder…
June 3rd, 2009 Categories: Sacramento Economy, Sacramento History

Elk Grove is one of the only Sacramento area communities struggling with rising crime lately, according to a new statistical report.
According to a SacBee article this morning, By Phillip Reese;
FBI statistics released today show that violent crime dropped significantly in Sacramento and Roseville last year, remained steady in unincorporated Sacramento County, crime dropped significantly in Sacramento and Roseville last year and jumped in Elk Grove.
Elk Grove was the outlier last year. While most types of crime in the suburb dropped slightly, the number of aggravated assaults rose 50 percent.
The city’s aggravated assault rate remains below Sacramento‘s but it is high for a suburb – the rate is roughly the same as Fresno’s, FBI statistics show.
“Housing, unemployment, foreclosures – Elk Grove has been hit harder than a lot of the other cities,” Elk Grove Police spokesman Christopher Trim said.
Elk Grove’s property crime rate declined last year, but not as quickly as Sacramento‘s.
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Sacramento Area Rents Fall for the Sixth Month in a Row
April 22nd, 2009 Categories: Graphs and Charts, Real Estate News, Real Estate Trends, Sacramento History, Sacramento Real Estate
Jim Wasserman of the Sacramento Bee wrote a story today about the free fall in rental rates in the Sacramento area.
Sacramento area apartment and housing rents, which have long been lower than in much of California, are getting even lower.
According to RealFacts, Average asking rents in large apartment communities all over the sacramento region have fallen for six straight months.
The phenomenon isn’t happening in all Sacramento area cities, but a RealFacts survey of 76,000 apartment units in Sacramento, El Dorado, Placer and Yolo counties, shows a second straight quarter of falling rents.
According to RealFacts, this years first-quarter apartment rents in the Sacramento area averaged $961, down from $966 in the fourth quarter of 2008.
Rents are also falling across much of the United States, RealFacts data shows. Asking rents, on average, have fallen around 4 percent or more the past year in Miami, Orlando, Phoenix and Riverside-San Bernardino .
Nearly all the major metro areas of California, with the highest unemployment since 1941 – (they reported a 11.2 percent unemployment in March) have seen rents fall in large rental communities.
“There are a lot of people who have lost jobs here in California, and those who haven’t are apparently scared they will, so everyone is watching expenditures,” said Caroline Latham, chief executive officer of RealFacts.
Sacramento area’s March unemployment was 11.3 percent. It may pass the 12 percent mark, the Stockton-based University of the Pacific’s business forecaster has said.
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The Worse Housing Bust since World War II?
May 26th, 2008 Categories: Mortgage and Loans, Pre Foreclosures, Real Estate News, Real Estate Trends, Sacramento History, Sacramento RE Stats, Sacramento Real Estate, Sacramento Sellers, Shortsales
Sacramento area homesellers, more than most other areas in the country, are battling the most brutal environment in decades…
We were one of the hottest and now one of the hardest hit. In Sacramento’s Curtis Park, even Congress members are losing homes here to foreclosure!
I am seeing way more short sales coming on the market in many areas; I hope that the banks will continue on their path and eventually the short sale will become a viable option for Sacramento area homeowners to avoid foreclosure.
My team and I have closed several; more than anyone else in my office, I think, but we have also lost many to foreclosure. Loan servicers were set up to process payments, not work out loan delinquencies on a massive scale! But recently, most of the banks seem to be getting better about communicating, processing the package, ordering the Broker Price Opinions and/or appraisals, presenting the package to the “Investor”, etc…
We are not seeing the high turnover in the Loss Mitigation Departments and some of the banks are reportedly adding massive staffing. (I understand Countrywide hired over 2,000 loss mitigation rep’s recently).
Hopefully we are getting closer to some level of predictability and stability in our market here in Sacramento.
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Elk Grove loses a son…
September 24th, 2007 Categories: All about me, Country Living, My Stories, Ranch and Rodeo, Sacramento History
So how much damage can a few rotten tomatoes really do? The tomato-linked salmonella outbreak announced by the Food and Drug Administration (FDA) on June 3 has claimed 228 victims in 23 states over 58 days (and counting). It has put 25 people in the hospital and may have had a role in hastening the death of a cancer patient. And then there’s the flurry of panic as many of the tomatoes that American consumers take for granted every day suddenly disappear — from McDonald’s hamburgers; from the salsa at Chipotle Mexican Grill; from Burger King, Taco Bell and Sonic; and from the grocery shelves at Kroger, Wal-Mart and Target. Didn’t we just go through this with bagged spinach? With peanut butter? With pet food?
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Because the FDA’s tomato-recall recommendation is so specific — including only three types, grown in certain regions during a certain time — and because many national chains pulled their tomato stock within days of the announcement, most of the infected samples have likely been removed. But the outbreak remains ongoing; its source has not yet been determined, and the government is investigating new cases every day. It may be a few more weeks before the delicious staple fruit is given the all-clear.
Taking tomatoes off shelves and menus may contain the outbreak, but it doesn’t explain it. On May 22, the New Mexico Health Department notified the Centers for Disease Control and Prevention that it knew of seven people recently infected with Salmonella Saintpaul, an unusual strand of the bacteria that accounted for only 400 of the 1.4 million cases of salmonella infection reported last year. And it was precisely because occurrences of the Saintpaul strand are so rare that the report caught the CDC’s attention. When Texas and a few other states reported cases of people being infected by bacteria with the same “genetic fingerprint,” a multistate search for Salmonella Saintpaul was launched. While the CDC tracked reported illnesses, the FDA interviewed victims to find out what they had eaten (and where). The common answer was tomatoes.
There have been 13 outbreaks of salmonella in tomatoes since 1990, which puts the fruit on the list of high-risk foods that are prone to infection. But unlike the bagged spinach from the 2006 E. Coli scare, the tomatoes don’t come with a traceable bar code. “When you’re dealing with tomatoes, it is much, much more complex,” explains Dr. David Acheson, the FDA’s associate commissioner for foods. The FDA’s great tomato hunt has an ever-expanding list of suspects. A salmonella victim can point to the supermarket (or restaurant) that sold the offending fruit, but that store probably sources its tomatoes from several suppliers, each of which uses several distributors — and distributors buy from any number of growers.
“Each set of questions just multiplies into a fan of information that has to be sorted through to understand where the links cross over,” says Acheson. Although the FDA has managed to rule out some regions — northern Florida is safe because its tomatoes weren’t ready for harvest at the time of the outbreak — it will be some time until the true source is found. “We’re not quite there yet,” says Acheson, “but we’re getting very close.” But Dr. Ian Williams, chief of the CDC’s OutbreakNet team, warns that the source may never be found due to the fruit’s short shelf life. “You don’t expect to find an infected tomato sitting on someone’s counter 10 days after the outbreak,” says Williams.
Still, the lag time between the initial outbreak and the government’s reaction is startling: the first Salmonella Saintpaul victim fell ill on April 16, but the FDA didn’t announce the tomato link until June 3. Williams says part of the problem identifying salmonella outbreaks is that a lot of victims don’t see the symptoms — diarrhea, fever, vomiting — as sufficiently severe to warrant a visit to the doctor, and so they go undiagnosed. “There may be a delay in reporting outbreaks because people do not have a stool specimen tested,” he says. Officials have not yet identified an infected tomato, and because of the fruit’s short shelf life, they probably never will.
The FDA unveiled a tomato-safety initiative in 2007 that sought to identify causes of salmonella infection, but Acheson admits that studying preventive techniques doesn’t help the FDA deal with outbreaks. The FDA has no plans to change the initiative in the face of the recent outbreak.
Even if the FDA can pinpoint the source of the outbreak, it’s hard for consumers to know where their tomatoes are grown. Certain imported foods are required to carry country-of-origin labels, but that doesn’t apply to domestic produce. “I’m not aware of any tomato outbreak that was not domestic,” says Acheson. There is no such thing as a mandatory state-of-origin label for food, and federal authorities have yet to create such a law. “Saying ‘product of the U.S.’ isn’t necessarily going to confer safety,” he says. So much for reassurance.
Vi ste jeben.
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