1/30/2014
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 still […]
6/10/14
The Wall Street Journal published the above article indicating that those folks in the 20’s-30’s age group
are struggling to purchase their 1st home. The recession has left them with limited job prospects and lots
of education debt.
The article goes on to say they they have credit rating scores that preclude them from buying from traditional
FHA lenders. Before the recession and […]
2-17-2016
More Valley homeowners gain equity in 3rd quarter
This article from the valley’s business newspaper “The Business Journal” indicates
that 15.4 % of residential properties in Fresno County that have mortgages have
negative equity….they’re upside down on their loan. This is an improvement from
the 3rd quarter in 2014 which had 19.3% with negative equity.
This is good news overall for Fresno’s real estate […]
Oct 22, 2014
For those of you who live in the Fresno or Clovis, CA area, there is a website that tries to help families determine
if they can qualify for assistance. They’re providing program information and a listing of the participating servicers (lenders and others).
Here’s a summary of the four programs:
1)Unemployment Mortgage Assistance – They will help make your mortgage […]
12-29-2014
As I look back to the Fresno and Clovis real estate market around 2006 – 2007 ,
there was a buying spree that drove prices to new highs. And as we all know, what
followed impacted most of California and the country; it was called the “Great Recession.”
First houses stopped selling, followed by prices declining and then foreclosures began
piling up as […]