SACRAMENTO—In a recent article, GlobeSt.com discussed the impact of the highly anticipated opening of the Golden 1 Center and how it set the stage for continuing momentum in 2017. Numerous investors and tenants are finding Sacramento the place to be, which was reiterated by Jim Radler, senior vice president at Land Advisors California Division. Radler recently discussed housing, growth and affordability in this exclusive.
GlobeSt.com: Why is Sacramento such a hot housing market right now?
Radler: Sacramento is attracting a flock of new home buyers and developers. The Wall Street Journal even refers to Sacramento as the 'Newest Real Estate Hot Spot'. The Sacramento region is finally emerging from the economic downturn and is hitting its stride. Homes in the area are selling in less than 35 days and prices are forecast to rise by 7% year after year compared to a national average of approximately 3%. Pricing in the Bay Area has finally reached a maximum point and buyers are getting more and more frustrated with the expense of buying in the Bay Area. The Sacramento region provides an affordable alternative without sacrificing quality of life.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
