NeighborWorks Sacramento News

Sacramento Housing Prices Highest in Nine Years

Posted on: Wednesday, July 20, 2016

  Home prices in Sacramento County rose to their highest level in nearly nine years last month as the region’s real estate market continued its steady recovery from the recession. Median resale prices for single-family homes hit $310,000 in Sacramento County in June, market researcher CoreLogic reported Wednesday. That represented a $5,000 increase from May and a $30,000 increase from a year earlier. The volume of sales rose 3 percent from a year ago. The latest results from CoreLogic show the continued improvement Sacramento’s housing market has made since the bubble burst a decade ago and prices went into a steep downward spiral. The $310,000 figure for Sacramento County was the highest since August 2007, when the median was $314,000.
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File Under: Sacramento, Housing Prices

Kevin Johnson Pushes for ‘Renewal’ in Oak Park

Posted on: Friday, July 15, 2016

SACRAMENTO -- A big announcement Thursday promises new opportunities for the historic Oak Park neighborhood. Sacramento Mayor Kevin Johnson announced a partnership with educational, healthcare and corporate entities aimed to improve employment, housing, educational, and healthcare options for Oak Park residents. On the second Thursday in Oak Park hundreds turned out for Gather, a street festival for locals to eat, drink, dance and shop. It is a great draw for the neighborhood, but also a stark contrast to another face of the community just five minutes away, reflecting the neighborhood as a whole still struggling. "I don’t think anyone doubts that there’s a certain revitalization and renewal going on in Oak Park, but we want to make sure we do it the right way, and make sure it’s a neighborhood that works for everyone," Johnson said. ...
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File Under: Sacramento, Oak Park