Distressed homes in Fresno County were 24 percent of all homes sold in December 2013. This is good compared to 52 percent in December of 2012. This is a reflection, in my opinion, of the increased values of homes compared to 2012. The median price appreciation was in the high teens, low 20’s for 2013.
For those of you […]
One of the areas of business that affects real estate values is jobs. If you have more jobs it places, greater demands on housing. Which then puts upward pressure on real estate values. Fresno’s job growth is expected to be flat because of the drought. This will likely reflect in flat or lower values for housing. For those of […]
2-21-14
In 2013 the price for a Single Family Residence, SFR, (homes) went up on average 28% in California. Though
Fresno didn’t rise this high, it still made it into the low 20 percentile range. The result being that fewer homes
are upside down ; in a previous blog we were down to less than 25% of all mortgaged properties in
Fresno County […]
2/6/14 Generally, in California when you’re delinquent on your property taxes for five years, the county
tax collector may offer the property for sale to satisfy the defaulted taxes. Note they can foreclose sooner
if you have a “nuisance abatement lien” on the property.
In Fresno County this sale begins on March 7, 2014.
If you are in the unfortunate position of being […]
02-21-2014
Interesting article regarding real estate in California. Property Radar has reported that
sales and values have declined in California. Though it looks like the market is improving:
the number of foreclosures and investors are dropping, we still have a ways to go before
we’re back to a healthy market. The two NEW items that are mentioned in the article
that are hampering growth:
Limited […]