Radler: The Sacramento region is benefiting from the population influx from San Francisco and Silicon Valley, where housing supply shortages and skyrocketing home prices are pushing buyers outward to look for options in neighboring areas. With the ability to commute, executives are finding more affordable product in affluent communities with schools that are just as good, if not better than the Bay Area. The recent development of the Golden 1 Center in downtown Sacramento was just rated the number one sports facility in the nation. Investments and businesses are flocking around this facility.

GlobeSt.com: Is this growth sustainable?

Radler: Some question if Sacramento will be able to sustain this drastic growth. The city's unemployment average is 5.2% in comparison to 4.7% national average, and average wages might not be sufficient to face the rising home prices. The unemployment rate has been cut by half since February 2010, but experts say that Sacramento might need more than just the demand from the surrounding areas to maintain its growth.

Sacramento needs to maintain its local economic growth. According to the US Bureau of Economic Analysis, the local economy grew 3.5% in 2016, which represents a significant increase since 2005. However, the growth that was driven by the government, construction and health care industry needs to continue in the years to come.

SACRAMENTO—In a recent article, GlobeSt.com discussed the impact of the highly anticipated opening of the Golden 1 Center and how it set the stage for continuing momentum in 2017. Numerous investors and tenants are finding Sacramento the place to be, which was reiterated by Jim Radler, senior vice president at Land Advisors California Division. Radler recently discussed housing, growth and affordability in this exclusive.

GlobeSt.com: Why is Sacramento such a hot housing market right now?

Radler: Sacramento is attracting a flock of new home buyers and developers. The Wall Street Journal even refers to Sacramento as the 'Newest Real Estate Hot Spot'. The Sacramento region is finally emerging from the economic downturn and is hitting its stride. Homes in the area are selling in less than 35 days and prices are forecast to rise by 7% year after year compared to a national average of approximately 3%. Pricing in the Bay Area has finally reached a maximum point and buyers are getting more and more frustrated with the expense of buying in the Bay Area. The Sacramento region provides an affordable alternative without sacrificing quality of life.

GlobeSt.com: Why are homebuyers drawn to the Sacramento area?

Radler: The Sacramento region is benefiting from the population influx from San Francisco and Silicon Valley, where housing supply shortages and skyrocketing home prices are pushing buyers outward to look for options in neighboring areas. With the ability to commute, executives are finding more affordable product in affluent communities with schools that are just as good, if not better than the Bay Area. The recent development of the Golden 1 Center in downtown Sacramento was just rated the number one sports facility in the nation. Investments and businesses are flocking around this facility.

GlobeSt.com: Is this growth sustainable?

Radler: Some question if Sacramento will be able to sustain this drastic growth. The city's unemployment average is 5.2% in comparison to 4.7% national average, and average wages might not be sufficient to face the rising home prices. The unemployment rate has been cut by half since February 2010, but experts say that Sacramento might need more than just the demand from the surrounding areas to maintain its growth.

Sacramento needs to maintain its local economic growth. According to the US Bureau of Economic Analysis, the local economy grew 3.5% in 2016, which represents a significant increase since 2005. However, the growth that was driven by the government, construction and health care industry needs to continue in the years to come.