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Home Buying in 95815 : Real Estate Advice

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Activity 2
Wed Apr 4, 2012
James Tan answered:
Hi Dreamhome,

I believe most people would agree that by 1995, the market was starting to recover. This coincides with the bull market due to the rise of the internet.

Remember though, that the 1990's housing bust was much worse in southern California than for northern California.

The recovery was also quicker in the san Francisco/san jose area than in Sacramento.

The current recovery (if there is one) is going to be a lot slower cause:
a. Interest rate is already close to zero and cannot be lower, but it will go up.
b. There's an implosion of demand, which will not recover unless credit becomes easier, especially for people who had shortsales.
c. There 's a huge inventory of delinquent mortgages, which will depress housing prices for some time unless Fannie Mae/Freddie take drastic measures.
d. There is no equivalent of the internet bubble which created trillions of wealth for people in silicon valley & California. (The social media bubble is not big enough, it only affects the peninsula) .
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Thu Jul 3, 2008
Nicole answered:
Woodlake is a very small pocket of nice older homes. The homes are mostly surrounded by gates due to the outside surrounding 95815 zip. If you are looking at this neighborhood to buy in I would suggest doing your research first and compare it to what is important to you and your family. Although some of the houses are nice in Woodlake, the surrounding neighborhood is a high crime and poverty area and it does slither into Woodlake. As of October 2008 there is an action against the 700 block on Dixieanne Avenue, it is the number one open air drug market. The nearby elementary school is one of the poorest ranked schools in Sacramento with CPS visiting frequently and violence/drug suspensions and expulsions happening in as low as levels as third grade. You can get the cute house you have always wanted or that "fixer-upper" without shelling out the $650,000 it would cost in an area such as Arden Park. However the reason Arden Park, Land park etc. has the higher price tag is due to it's greatly desired school district, low crime rate, family orientated community and convenient placement. ... more
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