Sacramento-area home prices will appreciate 4.85 percent in the year between September 2009 and September 2010, a leading house price tracker reported Friday. If so, it would be the capital region's first annual gain after more than four years of declines.

Say goodbye, finally, to hopes of extending that $10,000 tax credit for buyers of new unoccupied homes in California.
Home sales rise
Sacramento-area home prices are still falling compared to a year ago, but for the first time in almost 2 1/2 years, their decline can be measured in single digits.
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Despite the down economy, major projects designed to produce tens of thousands of new homes in the Sacramento region within the next two decades are poised to take off.
The city of Citrus Heights is sponsoring a free clinic on helping Sacramento area homeowners avoid foreclosure and other financing problems.

Propped up by government tax credits, existing-home sales exploded in October, the National Association of Realtors said Monday.

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