January 2016

Found 4 blog entries for January 2016.

rentals in SacramentoThere's good news for revenue property owners in Sacramento.

The city has one of the highest rental rates in the United States after rents rose by 10% in January from a year earlier.

A study by Yardi Matrix shows Sacramento sitting tied at No. 2 with San Francisco among 30 U.S. rental markets. Only Portland had a higher rental increase, coming in at 14% for January 2015.

The average rental rate in the Greater Sacramento area for all rentals is $1,158. One bedrooms rent for an average of $1,032.

Over the last quarter, Sacramento had a rental appreciation of 0.8% of "renter by necessity" apartments, which was the highest level of any city in the U.S. Yardi Matrix defines such apartments as those rented by people who can’t afford to own, often

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Mikuni SacramentoMikuni Japanese Restaurant & Sushi Bar

1530 J St, Sacramento, CA 95814-2052

Mikuni is the place to go in Sacramento if you're feel like sushi. With various locations in the Greater Sacramento area, Mikuni has developed a reputation as the best sushi restaurant. In addition to standard fare like teriyaki and tempura, Mikuni features amazing sushi rolls like the Marilyn Monroll or the Spicy Johnny roll.

2. BiBa

2801 Capitol Ave, Sacramento, CA 95816 (28th & Capitol Avenue)

For scrumptious Northern Italian food, Biba will tantalize your tastebuds. If you're going out for a special occasion, you'll love Biba's fresh homemade pastas and mouthwatering sauces. Make sure you try the Osso Buco, it's one of their signature dishes.

3. The

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sacramento real estateThere's more good news on the Sacramento real estate front after a new report shows foreclosures in California are back at pre-recession levels.

A report by research firm Realtytrac confirms 92,000 California properties received foreclosure filings in 2015 - the lowest annual total since back in 2006.

California's overall foreclosure rate last year dropped by 15% from 2014, and is down more than 80% from the highest foreclosure year, which was 2010.

In a nutshell, California's foreclosure levels are now back on track to historical norms from before the 2008 recession.

In the Sacramento area, about 7,000 properties received foreclosure filings in 2015, which is down 11% from 2014, and, like the rest of the state, these are expected numbers.

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Fed's meeting notes are out today and GOOD NEWS nothing to worry about here. “Almost all” were in favor of raising the Fed funds rate in December with one or two policy makers not comfortable with the decision. Nothing new with the Dot plot which remained unchanged from the prior meeting. Overall the minutes had a dovish tone as a number of policy makers who had concerns about raising rates were quite vocal. Seems to me that the committee will be cautious and gradual when it comes to raising rates on a go forward basis.

10 year note still trading at 2.18%. Mortgage pricing better by 1/32nd post release. Stocks now off 325 points on the Dow. Worst start to the year for the stock market since 2008. 2016 maybe the year to equip your desk chair with a

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