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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (448)	5/5/2009 9:25:01 AM
From: tejek	Respond to of 1428

As interest rates fell, the Whitmans were able to increase their price limit. They ended up buying from investors. A syndicate had bought a three-bedroom foreclosure on a cul-de-sac in eastern Sacramento last fall for $172,000, made a few improvements and was flipping it — another boom-era element that is back. The Whitmans bought it three weeks ago for $224,500. Of course. Having the state capitol makes Sacramento the most stabile of the major cities in CA. I am surprised San Diego isn't as far along as Sacramento. Its usually those two that lead the way out of these housing messes.