Sacramento Archive

Sac Bee: Granite Community Bank In Big Trouble

February 11, 2010  ·  Category: Sacramento
Problem loans for residential and land development have placed Granite Community Bank, a small lender in Granite Bay, at risk for failure and seizure by the government, according to regulatory filings and banking analysts. The bank ...
Posted by Greg Feirman  ·  No Comments »

Continuing Stabilization In Sacramento Home Market

December 21, 2009  ·  Category: Real Estate, Sacramento
On Friday, the Sac Bee published Data Quick's November data for the Sacramento-area single family home market.  The most notable data point was the first year over year price increase for existing single family homes in ...
Posted by Greg Feirman  ·  No Comments »

Sac Bee: FHA Loans Soar In Sacramento Area

October 6, 2009  ·  Category: Government, Real Estate, Sacramento
Source: "FHA Loans Soar In Sacramento Area", The Sacramento Bee, October 3 Does anybody doubt that the FHA and Ginnie Mae, which guarantees FHA mortgage backed securities, will need a government bailout just like Fannie and ...
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Sac Bee: New Meltdown Looms As Sacramento Area Commercial Vacancy Rate Rises

September 21, 2009  ·  Category: Macro Economics, Real Estate, Sacramento
It's very analagous to what happened with the residential market.  Money was cheap, growth was rapid, and we built a lot more product than we needed. - Mark Friedman, a prominent Sacramento commercial developer Good article on ...
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August Sacramento Home Sales Data Support Stabilization Thesis

September 21, 2009  ·  Category: Macro Economics, Real Estate, Sacramento
Click here for larger graphic The overall volume of home sales in the 8-county Sacramento region dropped about 16% from the year ago period while prices were firm month to month.  The median sales prices of ...
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Five Sacramento-Area T.G.I. Friday’s Closed

September 21, 2009  ·  Category: Macro Economics, Sacramento
According to the Sac Bee, five Sacramento-area T.G.I. Friday's were closed over the weekend.  A sign at the Howe Avenue location in Sacramento on Sunday apologized for "the inconvenience this is causing our valued customers".  The five ...
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“The Real Sullivan Group”

September 3, 2009  ·  Category: Sacramento, The Investment Advice Business
[My clients are] the real Sullivan Group. - Sheila Carroll, a Sacramento attorney representing the Lehmann-Halverstadt Group There is a little dispute going on among a Roseville Investment Advisor called The Sullivan Group.  Some members decided to ...
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Homebuilders Buying Up Lots, Especially in Placer County

August 19, 2009  ·  Category: Real Estate, Sacramento
There is a consensus out there that we are at the bottom or pretty darn close. - James Radler, a Roseville based land broker wtih Park Place Land Advisors of Irvine, CA They're trying to position themselves ...
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Sacramento Office Vacancy Rate Surges Over 20%

July 23, 2009  ·  Category: Real Estate, Sacramento
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Sac Bee: Mass Layoffs On The Rise

July 14, 2009  ·  Category: California, Macro Economics, Sacramento
Source: "Sacramento's wave of lost jobs hits some harder than others", The Sacramento Bee, July 14, A1
Posted by Greg Feirman  ·  No Comments »