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Distressed sales still falling in Fresno

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 […]

By |February 3rd, 2019|Uncategorized|Comments Off on Distressed sales still falling in Fresno|

Free Value Estimate For Your Home

Have you ever wondered what your home is worth?  Maybe you’re wondering if you could sell and payoff your loan without owing anything.  Zillow is a website that offers free AVM’s:  Automated Valuation Model.  This is an estimate of what your home is worth based on sales in your area.  Each company has a variety of parameters they use […]

By |February 2nd, 2019|Uncategorized|Comments Off on Free Value Estimate For Your Home|

Tax Consequences of a Short Sale In California

3-17-14

There’s good news for Californians who are needing to do a short sale.  According to the California Association of Realtors a letter from one of the FTB board members stating  “California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a […]

By |February 1st, 2019|Uncategorized|Comments Off on Tax Consequences of a Short Sale In California|

Home Affordable Refinance Program – HARP

3-5-14  I recently read that 25% of all homes with mortgages in Fresno County still owe more than there home is worth.  There’s

two parts to this equation:

1) The debt exceeds the value of the home

and

2) The homeowner is paying interest on debt that’s beyond the homes worth.  That’s not efficient.

Wouldn’t it be wiser to reduce the payment burden by […]

By |February 1st, 2019|Uncategorized|Comments Off on Home Affordable Refinance Program – HARP|

Drought to flatten Fresno job growth

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 […]

By |January 31st, 2019|Uncategorized|Comments Off on Drought to flatten Fresno job growth|