"That's not the case now," said Greg Paquin, head of the Gregory Group, a real estate information and consulting firm with offices in Folsom.
also starting to see the return of Bay Area buyers to the Sacramento market, which hasn't happened for a decade.
The difference between Bay Area home prices and Sacramento home prices is huge, and some Bay Area residents are starting to cash out and buy homes here, Paquin
They often want to be closer to their grown children in the Sacramento area or have enough space to raise children of their own, he
"People are saying, 'I can go to Sacramento and have a great lifestyle,'" he
New-home construction has picked up, too, Paquin
A number of upscale infill projects in central Sacramento are selling briskly, such as the Mill at Broadway, he
And home building has resumed in largely middle-class North Natomas after the lifting of a building moratorium imposed over flood concerns.
The federal government approved levee upgrades last year, allowing construction to continue in what was once Sacramento's fastest-growing new community.
In the first few months of 2016, builders sold 123 new homes in North Natomas, compared with 23 last year, Paquin