fresno: Underwater Mortgages Recede as Fresno County Home Values Rise - 07/08/13 03:29 PM
Read the recent article from the Fresno Bee HERE
Simply put – inventory is TIGHT
How tight you ask?
Take a look at todays 24 HOUR MARKET WATCH

We have 45 new listings and in the last 24 hours 64 homes have gone into contract.  The market is highly in favor of Sellers… that is, the ones who are ABLE to sell.  Still a lot of folks underwater.
I recently helped an investor purchase 3 homes: Two traditional sales and one short sale.  On both traditional sales there were MULTIPLE OFFERS and my Buyer had to pay over the ask … (1 comments)

fresno: Good News For Fresno Homeowners - 01/17/13 03:20 AM

The latest stats from the California Association of Realtors show prices of Fresno homes in December rose 6.3% in month-over-month sales  (meaning December sales prices were 6.3% higher on average than November sales prices) and a whopping 15.3% year-over-year.

You can read the report online here;  December home sales and price report.

BTW - for anyone who happens to read my blog --today I found out my blog was hacked and the hacker put in a bunch of advertisements.  I cleaned it up.  Hopefully doesn't happen again.
***If you're wondering what's going on with the pic... it happens … (1 comments)

fresno: 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)

fresno: Renters Beware --- Fresno Rental Scams - 10/31/12 12:24 PM
This blog should go under my series titled "So You Want To Be A Landlord"
But I'm putting it out there as a warning to anyone renting property in the Fresno area. 
I have a property I am renting in a gated community in North West Fresno.  Most all properties rented in that area are going for around $1100.00 minimum per month.

One of the places I have the property listed on is Craigslist.  Well some scammer simply copied my ad and offered the place for $700.00 per mo.  Fortunately I have a sign on the property so when people have … (1 comments)

fresno: FOR RENT: Adorabe 3 bd/ 2 ba Home For Rent in Gated Community -- 93711 - 10/11/12 01:59 AM
3676 W,Cottonwood Ln Fresno CA, 93711
I have available an adorable home in the gated commutinity of European Grove. {cross streets Barstow and Valentine)
This 3 bd / 2 ba home has an open floor plan with arched entries and an island kitchen.  It was built in 2008 and looks and shows like new.
Schools are:  Lawless Elementary, Tenaya Middle School, and Bullard High.
The rent is $1275.00 per month and that includes maintainance of the front yard (and landlord pays HOA fees as well). $1300.00 security deposit required
Call for a showing:  (559) 301-1647



fresno: Fresno County Restaurant Inspections - 07/26/12 03:20 AM

Courtesy of the Fresno Bee you can review the health inspection report of your favorite Fresno eatery.
Its great that you can use YELP to find out what others have to say about the food but the health inspection report allows you to know what inspectors see when they go behind the counter.
If your eatery has a violations you can go here and read the report by the health inspector:
There is a little place I like to stop into for tacos (which I will not mention by name) but after reading the health inspection report I have … (0 comments)

fresno: Economic recovery: Fresno area ranks 99th out of 100 metros - Business - - 06/28/12 01:00 PM
IT SUCKS TO HEAR IT BUT THIS IS WHAT THEY SAY :  Fresno continues to lag behind most of the nation in its pace of economic recovery, ranking 99th out of the 100 largest metropolitan areas in a Washington think tank’s latest analysis Wednesday.

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)

fresno: Fresno CA Real Estate Market Statistics - 06/25/12 01:21 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)

fresno: Shout Out - 06/22/12 03:05 AM
Just want to give a thumbs up and shout out for Legend Heating and Air Conditioning.  I called several business to find out what they charge to come out and look at my unit (which happened to be blowing warm air) and of the ones I contacted all of them required a service charge of around $60.00 just to come out and look at the unit.  Paul from Legend Heating and Air Conditioning was the only one who said he would come out and look at the unit at no cost and then give me an estimate for repairs.
Legend Heating … (0 comments)

fresno: Brokers Say The Damnedest Things... - 03/06/12 12:11 PM

                                                                The following is taken from an Agent’s Remarks section on a listing in the Fresno MLS. Agent remarks are comments by the listing agent that are only seen by other agents on the MLS.
This happens to be for a multi-unit property – that now only has one tenant ( I wonder why)
“A sophisticated investor will be able to see … (9 comments)

fresno: Fresno - One of America's Worst Cities For Business.... - 12/23/10 11:15 AM
.... according to this article A bad year for California - MarketWatch.
Geesh, look at the list.  Fresno came in dead last.  PATHETIC!

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

fresno: 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)

fresno: 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!

fresno: 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:
If you would like to buy a home while you're here, feel free to give me a call: Lazarus @ 559:301-1647

fresno: My latest Submission to Google Earth - 10/18/10 03:53 PM

click here then click the image to see it in full size

fresno: 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.
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

fresno: 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)

fresno: 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)

fresno: Without Words... - 01/20/10 05:43 PM


fresno: What the World needs NOW.... - 01/16/10 09:01 AM