housing: 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)

housing: 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.  
 
 
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housing: 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)

housing: Lost Vegas - 05/15/09 09:58 AM
From Mortgage Business to Pole Dancer....another very depressing video on the housing bust.
CLICK HERE TO VIEW
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housing: Bankers Crunch The Numbers -- Then CRUNCH THE HOUSES - 05/05/09 10:37 AM
Here's the latest on the California Housing Crunch.  Bankrupt builders are leaving their creditors with nearly finished homes.  The banks, already upside down in the deals no they can never recoup their losses so the demolish the homes as you see in this video below.
 
 
Unfortunately the demolition makes sense because the besides finishing the homes the banks would likely be obligated to complete the streets, sidewalks, curbs, gutters, and all the rest of the neighborhood infrastructure.  Very sad, especially in light how many people don't have a proper roof over their head.
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housing: California BUZZ... - 04/15/09 11:23 AM
West Coast haircut.  Golden State Clip.
 
Just how much have home prices been shorn in California?
 
A LOT!
 
Believe it or not in 2006 the median price of a home in California was $576,000.
 
California median home price as of February 09: $247,590
(Source C.A.R.)
 
 
Now that’s a haircut!
 
 




<<<---- CHART SHOWS MEDIAN PRICE OF CALIFORNIA HOME IN 2006
 
 
 
 
 
Homes prices are now entering into BARGAIN TERRITORY, assuming of course that the economy doesn’t go over a cliff.  In which case all bets are … (0 comments)

housing: Alternative Living - Lowering the Bar on America's Living Standards - 11/18/08 06:24 AM
Take a look at this young man's lifestyle. Jay Shafer has been living in homes smaller than some peoples closets. His entire living space is smaller than the small home office I am sitting in right now.
But after watching his videos I have to admit that my inner hippy cries out " I WANT ONE!"
With all the people losing their homes these days there is something to be said for "smaller", more affordable living. How could one not be somewhat envious of the person living in a home that is not only affordable -- but fully paid for -- … (2 comments)

housing: Want More Information On The Housing Market Than You Can Digest? - 11/29/07 11:34 AM
Go to the Office of Federal Housing Enterprise Oversight (OFHEO) Website.  They just released a report TODAY!  This 89 page report is in PDF format and includes chart, graphs, and tables of housing data for states and every major metropolitan region.  IT'S JAMMED PACKED WITH INFORMATION!
YOU WILL FIND THE REPORT ON THIS PAGE (CLICK HERE) 
 
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