Bakersfield Market Update - 1st Qtr 2008 - 05/31/08 12:57 PM
So, where is the Bakersfield real estate market headed? That's a difficult question to answer because of the many variables that affect this market. Food and gas prices are increasing. We're headed into an election. Foreclosures are skyrocketing. We've probably seen the last of fed rate cuts.
All other factors aside, the biggest affects on the local market right now is foreclosures and short sales which make up over 50% of the listings and sales right now. Lenders are getting more aggressive with pricing which is forcing everyone to lower prices to compete.
Sale volume has been strong: there were 850 sales … (5 comments)

 

John Fariss - Appraiser Bakersfield, CA

Bakersfield, CA

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Fariss Appraisal Services

Address: 8200 Stockdale Hwy M10, #199, Bakersfield, CA, 93311

Office Phone: (661) 310-9661 x 100

Cell Phone: (661) 310-9620

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An appraiser in Bakersfield, CA gives his two cents about Bakersfield, Kern County, appraising and technology.

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