homes: Fresno Real Estate Inventory Drying Up. - 12/13/12 08:33 AM
I've been noticing for quite some time the dwindling inventory in the Fresno Real Estate Market.  Listings are being out numbered by pending sales at a significant clip.
This is what I saw when I logged on to the MLS today.

This means over twice as many homes went into contract (Pendings =52) in the last 24 hours then came onto market (New Listings = 23)
Its a trend I have been observing for quite some time which perhaps is now exacerbated by the Holiday Season.  The other factors I think influencing this market imbalance is a slowdown in foreclosures … (1 comments)

homes: 20 Cities You Don't Want to Live in ...Yet.... - 03/22/11 04:22 PM
Fresno made the list on this CNBC report.
http://www.cnbc.com/id/42135402?slide=17
On a positive note, we didnt make the "bedbug infestation list" 
Sometimes I do wonder WTF I'm doing here and if it wasnt for the majority of our 6 kids being here.... I'd probably exit stage right.
BUT THAT'S JUST ME.
Need to buy or sell a home in Fresno???
Call me: 559 - 301 -  1 6 4 7
… (2 comments)

homes: Real Estate Agents a Waste of Money... - 12/06/10 10:16 AM
Its only a matter of time before the market eleminates the middle man and agents are no longer needed.... at least not employed to the degree they are at present.
When the service becomes available that allows the owner to represent themselves in an efficient manner - THEY WILL.
Come on... If you are paying an agent to sell your property --- lets say a $100k home --- and you are paying 6% commission: $6,000.00.... and they take pics like this:

Do you REALLY need them?
Any owner with a $50.00 cameral could do better.
Google  should fund a nationwide … (11 comments)

homes: Real Estate Is “For Sure” Double Dipping … - 12/06/10 08:35 AM

 
 
I have often said that we hit a bottom but I wasnt sure if we would bounce along the bottom and go up or bounce along the bottom and drop off a cliff.
Here’s an opinion from someone smarter than me:
Nouriel Roubini: Real Estate Is “For Sure” Double Dipping, And Another $1 Trillion In Losses Is Coming.
There's a reason they call him DR. DOOM!
… (2 comments)

homes: Fresno is a Bed Bug Free Zone! - 10/28/10 09:45 AM
Folks wishing to make a visit to Fresno California should be able to enjoy a bed bug free stay.  According to the Bed Bug Registry there are no reported incidents of outbreak:
http://bedbugregistry.com/
If you would like to buy a home while you're here, feel free to give me a call: Lazarus @ 559:301-1647
… (2 comments)

homes: Borrowers Got Liars Loans - Banks Get Liars Forelosures - 10/18/10 02:40 PM
The revelations just keep getting worse.
'Foreclosure Mill' Employees Got Gifts For Altering Documents, Witness Says.
SNIP:
At a large Florida "foreclosure mill," a manager signed up to 1,000 documents a day without reading them and employees were given gifts to speed up foreclosure paperwork, according to depositions released today by the Florida Attorney General's Office.
... so its tit for tat
 
 
 
 
 
 
 
… (1 comments)

homes: Fresno Housing Authority Offering Rehabed Homes in Fresno -- but at what cost to tax payers ??? - 08/31/10 04:21 PM
The reason I am wondering is I happen to be looking at a listing for a home: MLS#358901
The home is located at 3423 E Illinois Ave, Fresno, CA 93702.
This is a small 2 bedroom 1 bath home with 808 sq. ft.
According to the listing information given this home "was totally redone by Housing Authority. Sharp, clean, newer carpet and paint in and out."
Public records that we have access to through our MLS (and which I consider to be generally accurate) state it was purchased by the Housing Authority (it actually reads City of Fresno) on 3/23/2010 … (0 comments)

homes: Fresno Price Reductions Inspire Broker to Blog.... - 08/31/10 09:15 AM
Ok, I know I have been absent from the blog scene but I just read an agent's comment on an MLS listed home that compelled me to hit the keyboards.
The comment: "VERY cooperative and creative seller"
My questions to the agent would be, if the seller is so cooperative how come the home has been on the market for 664 days? How come the price has only been reduced by $27,500 in that time?
For those looking to sell in Fresno - its a TERRIBLE market for selling. For those looking to buy - its looking better (provided you have … (0 comments)

homes: Fresno housing market has foreclosures, but remains tight – USATODAY.com - 12/15/09 10:58 AM
The housing market in Fresno is still fraught with foreclosures, posting the nation’s 15th-highest rate in the third quarter, according to RealtyTrac.com.
That means the market there is saturated with available homes, right? Not quite.
read the entire article here
… (1 comments)

homes: Another BAD MLS PICS Blog... - 12/08/09 05:33 AM
Haven't done one for awhile and could not resist these.   I'm sure I could find worse ones if I look but these just happened to land in my email box moments ago.
 
 I think this means there's a shower:

THIS MUST BE THE SHOWER DOOR - NICE :)
 

NO EXPLANATION NEEDED HERE: THIS IS A ROOM

AND THIS IS A _____________________ (fill in the blank if you know)

 
 
 
… (4 comments)

homes: Major Home Builder Agrees With Little Known Real Estate Broker - 11/19/09 05:37 AM
 
Back in April I called:  
FHA – THE NEW SUPRIME LENDER Now I'm not alone. Toll Brothers Inc. Chief Executive Officer Robert Toll said. “Yesterday’s subprime is today’s FHA,”  
It's crazy! It's OBSCENE! A first time home buyer puts in an offer for quarter of a million dollar home, puts up $8750.00 and asks the seller (more often than not: A BANK) to pay the closing costs. Closes on the the home then gets a $8,000 tax credit. Assuming you have the credit and income, buying a $250,000 home today is almost without risk and can be done … (0 comments)

homes: Horseback Riding in Fresno - 06/23/09 10:53 AM
Just got in from horseback riding.  Weather is absolutely perfect.  In my 22 years in Fresno this has to be the nicest summer weather I have ever experienced.  PERFECT weather for the equestrian.  I am SO in touch with my inner cowboy!  My little pony never broke a sweat.

… (7 comments)

homes: Fresno Meet in the Middle 4 Equality Rally - 06/03/09 11:26 AM
Fresno Meet in the Middle 4 Equality Rally
May 30th, 2009
Off Topic: Meaning this has nothing to do with the Fresno Real Estate Market.
I went downtown on Saturday to check out the Revfest at the Fulton Mall and on the way there I saw huge crowd gathered so I decided to check out what was going on.  What was going on wast the Meet in the Middle Rally.
I figure I better post these pictures before they become obsolete.
Click the box in the lower left corner if you would like to see the slide show with my captions.
… (0 comments)

homes: Bargain Hunters Snap up Fresno Homes - 05/22/09 03:28 PM
.... so says an article in today's Fresno Bee. And its true, and I have to admit that I have been behind the curve on market reporting but hope that will change.  Its actually difficult to blog all that you would like when you're busy transacting business.  Don't get me wrong, I haven't been THAT busy, but the beginning of the year is off to a much better start than last year.  
Some of the salient statistics from the article:
 
banks were the biggest sellers, responsible for 60.5% of the transactions in Fresno County Fresno's foreclosure rate -- reflecting … (1 comments)

homes: Fresno CA And The Economic Stress Test - 05/18/09 08:56 AM
The Associated Press recently released a map measuring  the amount of economic stress being endured by each county in the nation.
CLICK HERE TO VIEW
As you can see, All of California has been hit hard and Fresno is no exception.  
 
 
… (0 comments)

homes: Alan Greenspan Addresses National Association of Realtors Midyear Meeting - 05/15/09 11:35 AM
Why the National Association of Realtors would hire the most prominent architect of the Housing Bubble to speak at their midyear meeting is totally beyond me understandable: they want to hear some someone "talk their book".  Greenspan certainly has the credentials.  His management of our nation's money supply fueled the bubble and lined the pockets or Realtors.  How can they not love and revere him?
I was particularly intrigued when I heard him say "We are finally beginning to see the seeds of a bottoming" which he immediately followed up with "NOT IN PRICES YET"  Folks, I would take that as a WARNING: we … (2 comments)

homes: 19 Million Homes Vacant In US - 05/13/09 05:39 AM
In Feb Bloomberg reported -- A record 19 million U.S. homes stood empty at the end of 2008 and homeownership fell to an eight-year low as banks seized homes faster than they could sell them. 
They also said: the report counted 4.1 million vacant homes for rent and 4.8 million seasonal properties. 
read the full report here.
Here is an sobering panoramic shot of an entire street up one side and down the other with each home on the street stitched together.
CLICK HERE
then
CLICK HERE
These are large images so give them time to load. After the image loads you may … (0 comments)

homes: Fresno Now California's Fifth Largest City... - 05/01/09 11:27 AM
... and you thought this was just a podunk hick-town full of raisin farmers.  
NOT!
According to the latest statistics released yesterday by the Department of Finance Fresno's population grew by 10,578 people in 2008.  That was enough to bump the city up over Long Beach and make it the fifth largest City in the State with a total population of 495,913.
TOP 10 CITIES IN CALIFORNIA
California's 10 most populous cities as of Jan. 1, 2009, with percentage of growth since 2008:
 
1. Los Angeles, 4,065,585, 1.1%
2. San Diego, 1,353,993, 1.5%
3. San Jose, 1,006,892, 2.2%
4. San … (0 comments)

homes: What If The Contractor You Hired Is No Longer In Business? - 04/29/09 05:10 PM
Fresno California
When your purchasing a home there is a good chance that either your agent or the agent may hire a contractor to do work on the home prior to closing.   Contractors in California (and probably most other states) don't need to be well capitalized  in order to start up a business to begin with.  They are only required to have to have $2500.00 in liquid assets, so its no surprise that so many of them go under, especially in this market. 
So what do you if the contractor that was hired to do work on the home is no … (1 comments)

homes: Fresno Ca Real Estate Market Bleet - 04/28/09 05:16 PM
Was busy doing showings this afternoon in an area where sales have been brisk.  The volume of REOs in this particular neighborhood has been so high that I noticed prices drop 10% in a matter of about 2 or 3 months.  I noticed a lot of homes with non-mls lock boxes --- meaning that the homes are being foreclosed on and will be coming to market soon. 
Looks like another wave of homes is set to hit the market soon.  I spoke with my insurance agent today who told me there were 6 pages of NODs  (Notice of Default) in the … (0 comments)