Today Pierre received our May issue of Fortune magazine at our new house in Dallas. The cover story is the Real Estate Survival Guide. It lists 19 cites and puts them into 3 categories - dead zone, danger zone, and safe haven.

Sacramento is listed in the dead zone - in the opinion of Fortune magazine, it is overpriced :
Average home price: $363.3
Fair value estimate: $231.1
Percent difference: 57%
Rating: Overpriced
We sold our home in Sacramento two weekends ago in 1 day for more than our asking pricing.

Dallas is listed in the safe haven:
Average home price: $160.8
Fair value estimate: $186.4
Percent difference: -14%
Rating: Fair Value

We bought a house 6 weeks ago in Dallas.

Now that could be termed as a great strategic investment move. We call it dumb luck.

Gillian Parrillo
The Sacramento Executive