In earthquake-prone California, a surprising number of homeowners and businesses don’t carry any earthquake insurance. In the aftermath of Napa’s 6.0 rumbler, the cost of cleanup, rebuilding and business interruption – with or without insurance – is becoming uncomfortably clear for many.

In an unprecedented trial, four persons charged with mortgage fraud were acquitted Friday by a jury in Sacramento federal court after defense attorneys argued the real culprits are the so-called “victim lenders.”

The city of Sacramento has reached a deal to buy a vacant building at 730 I St. for $5.4 million and then immediately sell the property to Bay Area-based retailer Sports Basement for the same price, officials announced Thursday. The City Council is expected to approve the deal on Tuesday.

California will get an $800 million share of the record-breaking $16.65 billion Bank of America Corp. is paying to settle claims over the packaging and sale of toxic mortgage securities.

A group of Sacramento-area buyers has aquired 555 Capitol Mall, including two office towers and a parking garage across L Street from the city’s planned sports and entertainment complex.

It’s not unusual for a Lake Tahoe-area property to sell for $1.6 million. Except when the transaction is made in bitcoins, the virtual – and controversial – online currency.

Home price gains and sales volume have shrunk in the Sacramento region after a dramatic two-year turnaround, DataQuick reported.

A new crop of midrise buildings with retail on the ground floor and housing above is rising in Sacramento’s midtown and downtown areas.

Most of a prime block of Q Street in downtown Sacramento was purchased by a Philadelphia-area business owner Friday.

Residential lending institutions or their agents cannot just unceremoniously serve a homeowner with a notice of default and take the property by foreclosure, a state appeal court in Sacramento ruled Friday.

Real estate agents competing for commissions in Sacramento are increasingly using a device common in movie theater lobbies: the coming soon sign.

A local development firm released a proposed rendering Tuesday of a mixed-use project it plans to build at 21th and L streets with a Whole Foods market on the ground floor and 140 apartments above it.

One extra bedroom is great for company. Two extra bedrooms can be handy around the holidays. But a growing number of two-person households in the Sacramento region now live in homes with at least three extra bedrooms.

View a chart of home sales in the Sacramento area.

Data for resale single-family detached homes that closed escrow.

Home sales charts.



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