Serving Central California
Fresno County • Tulare County • Madera County • Kings County

Housing Affordability

Here Are The Facts!

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Election season is here and we want buyers and sellers to know the FACTS regarding the local housing market. In this week’s Real Estate Minute (REM) with CEO, Andy Nazaroff, he talks straight TRUTH as it relates to appreciation and increased inventory.

What’s Really Happening in the Valley’s Housing Market?
As home inventory continues to gradually increase and the Valley’s market returns to normalcy, appreciation will continue to slow down. Current homeowners and potential buyers have little to be concerned about. Here’s why: Amidst a market cool down, the housing market will show sustainable growth and homes will become more affordable to Valley residents!

Equity Gained is Shift Towards Style and Opportunity!
During the first quarter of 2018, we encouraged homeowners to maximize their equity gain by using their appreciation to upgrade. We’d like to remind you that you still have time to gain the most from your equity. However, the “window of opportunity” will not stay open for long.

Are you looking for BETTER STYLE and OPPORTUNITY? This is the best time to sell and upgrade. Take a look at our Featured Luxury Homes page and view all of our premium style homes listed at 450K and up.

Your home may be worth more than you think! CONNECT with us TODAY to get a complete analysis of your home’s value.


Affordable Homeowner Lifestyle in California’s Central Valley

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Although home prices in the Central Valley have increased over the past 42 months, home values in Fresno, Tulare, Kings, and Madera counties continue to be affordable for the majority of people who live here.  A recent report released by the California Association of Realtors® (CAR) shows that 68% of Fresno county’s population could afford to purchase an entry level home.  The second quarter 2015 CAR report shows Kings county as the most affordable in the State with a 79% First Time Buyer Affordability Index.  Tulare county with 72%, and Madera county with 69% indexes also demonstrate that the Central Valley is the ideal place to make the American dream of home ownership into a reality.

 

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At the opposite end of the affordability spectrum, San Francisco (22%), San Mateo (26%), and Marin (33%) counties make home ownership more daunting for someone interested in purchasing their first home.

The California Association of Realtors® First Time Buyer Housing Affordability Index is updated quarterly.  The survey and the methodology used to generate the report are published on the website car.org.


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