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Distress sales in Fresno County amount to 17% of all sales.

7/23/14

The Business Journal, a central valley news organization, reports amongst other things that distressed sales

of homes in Fresno County amount to 17% of all sales for the month of June, about the same as May.  However,

that’s much better than a year ago, 36% of all sales were distressed sales.

 

The Fresno County market continues to get better, albeit slowly.  There […]

By |February 14th, 2021|Uncategorized|Comments Off on Distress sales in Fresno County amount to 17% of all sales.|

Fannie Mae: Housing ‘remains a source of concern’

6/25/14

Fannie Mae, an abbreviated name for the Federal National Mortgage Association, and a huge mortgage purchaser in

the housing industry expects housing sales and prices to cool down this year.  Existing home sales fell

in the 1st quarter and rose in April and May, 2014.  They are expecting existing home sales to be down

by 2.4% for all of 2014 and new […]

By |February 13th, 2021|Uncategorized|Comments Off on Fannie Mae: Housing ‘remains a source of concern’|

Negative equity declines in Fresno area

The Business Journal, a local paper, indicated that just under 25 percent of all houses in the Fresno Metropolitan area have negative equity;  meaning the owner owes more than what their home is worth.  That’s a large drop from 2012.
This, I think, is a reflection of the increased appreciation in property values over the last year.  That’s good news […]

By |February 13th, 2021|Uncategorized|Comments Off on Negative equity declines in Fresno area|

Pros And Cons Of Selling Your Home To A Real Estate Investor

Forbes magazine has an interesting article with the above title: It goes into the pros and cons of selling to an investor. Since Central Cal Homes, Inc. does buy directly from Sellers as well, I thought it beneficial for prospective sellers to see the comments from an outsiders perspective.

The Pro’s are: 1) Flexible payment options. 2) Cash […]

By |February 12th, 2021|Uncategorized|Comments Off on Pros And Cons Of Selling Your Home To A Real Estate Investor|

Depending on location it could take longer to sell your home.

7/17/14

Guarantee Real Estate just reported that the number of homes for sale has increased and the number of days

the property is on the market has increased slightly year to date; the number of days on the market is the time it takes to

get a buyer, not when it actually closes escrow.  Our experience puts that number around 45 days.  […]

By |February 12th, 2021|Uncategorized|Comments Off on Depending on location it could take longer to sell your home.|