June 18, 2009
From the Sacramento Bee ( updated article ): Sacramento County showed one of the biggest improvements regionally, with prices for existing homes alone climbing a dramatically higher 9.4 percent – from $160,000 in March and April to $175,000 in May. But that was still 22 percent below the May 2008 median of $225,000. DataQuick analyst Andrew LePage attributed the abrupt May rise to a sales mix reflecting fewer hugely discounted bank repos and more higher-priced homes. “It’s not home appreciation,” he said. “It’s just getting back to a more normal distribution of sales across the home price spectrum.” Still, he said, “It could be that we’ve seen the lowest median in Sacramento County.” Statistics by county Statistics by zip Other Central Valley counties [pdf] Also: Sacramento area misses move-up homebuyers — they’re staying put
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June 15, 2009
Calpers, the nation’s biggest public pension fund , decided Monday to allow its investment staff to increase its asset allocation for private equity and venture capital investments and to reduce its stock holdings. The board of Calpers, … Read the rest here: Calpers Raises Private Equity and Venture Targets – DealBook Blog …
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