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Home Front

A blog about the economy and the Sacramento-area real estate market.

March 13, 2008
Investors are back in the game

Here is my online version of the new DataQuick numbers for February.

Since the last post I talked with DataQuick analyst Andrew LePage and learned that there is a surge of investor activity behind that flattening curve in the slowdown in sales. DataQuick reported that investors accounted for 18.6 percent of the escrow closings in Sacramento County in February.

That is up from 12.7 percent of closings in the county in November and December. Investor activity started ticking up in January, DataQuick reported, when it accounted for 16.5 percent of closed escrows. Look for the complete story in Friday's Bee.

The high for investor buys was May 2004 when they accounted for 25 percent of sales, the company said. This is how it counts investors: those are sales where the property tax bill goes somewhere other than the address of the home that was sold.

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