Yes and yes. Other good Sacramento investment areas, because they have been hit so hard by foreclosures, prices are also low in: Natomas, West Sac, Rancho Cordova, North Highlands, Meadowview, Florin Perkins, Fruitridge Area, Oak Park, Tahoe Park, Rosemont, North Sacramento, Del Paso Heights, Robla, Rio Linda and Elverta. In Placer County: Lincoln.
Areas with prices still high with comparable lighter foreclosure activity are mid-town, East Sac, Arden, Carmichael, Fair Oaks, Folsom and Granite Bay. - Lovely towns and areas, investment in one of these is for future appreciation not current cash flow.