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real estate: Fresno Real Estate Inventory Drying Up. - 12/13/12 04:33 PM
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)
I’m sure some people may think: “why does he post negative news about Fresno if he wants to sell people property there?” Good question. Yes, I do want to sell people property. Those stuck in Fresno (.com) because of family, job, or whatever need housing and I’m hear to help them but (2 comments)
real estate: Fresno CA Real Estate Market Statistics - 06/25/12 08:21 PM
Years ago I would comment on how lop-sided the market was to the sell side. For example in THIS POST from Aug. of 2007 the stats showed that sellers were over buyers by over 3 to 1. Things have really changed. Last week on one of our Fresno MLS 24 hour market watches we had one day that was REALLY balanced. Take a LOOK:
Notice the New Listings = 47 and the Pendings (properties that went into contract) = 47 and the Solds (properties that closed escrow) = 46. That’s a pretty well balanced market. Here’s a look at today’s (2 comments)
real estate: Freaky Friday Post - 06/22/12 06:45 PM
This is pretty funny. Unfortunately, it isnt far from the truth. For example, yesterday I received a full price cash offer for a property from another agent. Then, about an hour later I get a call from some guy who says he's in front of the property and wants me to come down and show it to him. Mind you, if a Realtor double ends a deal - i.e. represent both sides they make twice as much money. IOW, if a commission is 6% it is generally split 50/50 between the listing agent and the selling agent --- but if you (3 comments)
real estate: 20 Cities You Don't Want to Live in ...Yet.... - 03/22/11 11:22 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)
Well, when I moved here and they were building the new city hall that looks like Darth Vader's hat
I knew there were problems. Then there was Operation Rezone, a selection of sordid tales of bribery and corruption. Mayor, Ashley Swearengin, acknowledges we have problems. You can listen to her response here.
Nevertheless, if you're stuck here in Fresno (like me :) and need to buy or sell, give me a call: (559) 301-1647 (0 comments)
real estate: Real Estate Agents a Waste of Money... - 12/06/10 06:16 PM
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)
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)
real estate: Fresno is a Bed Bug Free Zone! - 10/28/10 04:45 PM
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)
real estate: Another BAD MLS PICS Blog... - 12/08/09 01:33 PM
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)
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)
Today the IRS released news of its first succesful prosecution of fraud for doing so and the perp, who happens to be tax preparer, faces the possibility of up to three years in jail, a fine of as much as $250,000, or both.
Ain't worth it folks.
Read the press release from the IRS website: CLICK HERE
real estate: Have We Dodged THE GREAT DEPRESSION OF THE 21st CENTURY? - 07/27/09 02:26 PM
In a former blog I proclaimed we were in the beginning of the Great Depression of the 21st Century. [ GO HERE TO READ BLOG ]. Recent economic data indicates we are are on the cusp of a recovery, the only question is what kind of recovery. [ GO HERE FOR THE LATEST ECONOMIC DATA ]. For now, I'm going to stick to my guns. I'm more inclined to believe we are in the eye of the storm then OUT OF THE STORM. If so, what is to come, can wreak greater financial havoc than what we've witnesses so far. The (0 comments)
real estate: Two Blog Referrals This Week - 06/23/09 03:02 PM
Proof that I need to keep my blog alive. It's summer though and that's not easy. It seems as though just about every weekend is booked with wedding, family reunion, or some sort of get together. I've been trying to get up to Yosemite and that hasn't worked out yet either. The day my wife and I scheduled to go up there she didn't feel well.
real estate: Fresno Meet in the Middle 4 Equality Rally - 06/03/09 06:26 PM
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)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.