Kandace Mulvaney, a broker with boutique agency Miller Real Estate in Sacramento, offers her insight into a big trend happening in local real estate. For more from Mulvaney, check out “Homemakers” in our May issue. Sign up for our newsletter and we’ll email you when it’s available online.
What drives a small grocery store to grow? The answer is customer demand at Compton’s Market in East Sacramento, an established neighborhood with beautiful houses and tree-lined streets.
A vibrant urban core is one in which the people who live there never even have to leave the neighborhood to experience concerts, sporting events and live entertainment, and who can walk to bustling restaurants of all food genres.
You can’t blame a homeowner in Fresno for viewing the thriving metropolis to its northwest with both envy and dismay. While San Francisco home values have surged since the recession, Fresno’s housing market is stuck in a rut. Less than 3 percent of homes in the city and its environs have returned to their pre-recession peak, according to a new study from Trulia.
As the Capital Region rallies around renewed homelessness talks and discussions on the impact of rising rent, one nonprofit has already worked for the last 17 years at the intersection of homelessness and affordable housing.
Because the current generation of young adults and professionals prefer urban lifestyles to the spacious lawns and ample suburban backyards of their predecessors, Tuttle says the Sacramento region has an unprecedented opportunity to turn its riverfront into a tie between the two cities.
What a difference a decade makes. Ten years ago, the regional homebuilding industry — like many other industries — faced an uncertain future. The Great Recession dealt a harsh financial blow to our industry that made the prospect of recovery feel like a far-off possibility. Fortunately, after several lean years our industry has started to climb out of the economic doldrums of a few years ago.
If you’re going to live in a 3D environment, you need to see a 3D environment.”
These are the words of Stephen Phillips, co-founder and chief technology officer at Theia Interactive, a design firm based in Chico. His company creates VR tours for people looking to build or buy homes, cars and yachts. It was one of the four startups to come out of the Green Screen Institute’s first accelerator program.
Young people are flocking to the Sacramento region’s suburban areas. A recent SmartAsset report — that defines millennial homebuyers as under age 35 — found that Elk Grove sits at the No. 2 spot in the U.S. for millennial home buying. In Elk Grove, “the homeownership rate for millennials was 60 percent in 2015,” according to the report.
Now that millennials are older and starting to have kids, the economics of schools and space are driving many of them to the suburbs, just as it did their parents.