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The *Fresno Bee reported today that Home Sales in Fresno are UP.

The increase in sales is a function of prices dropping to levels that either make the home prices attractive to investors or providing the opportunity for first time buyers and others to enter the market.

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I am personally working with 2 first time home buyers which would not be in the market if it were not for the deep decline in prices making properties affordable and purchasing an alternative to renting. One of my clients, if the deal goes through, will have a house payment (including taxes and insurance) that is comparable to what he would be paying in rent for the same home. The other clients, if their deal goes through, will actually be paying LESS to own home then they are currently paying for rent: SUBSTANTIALLY LESS.

If you would like to BUY a home in Fresno California, CALL ME: Lazarus @ 559.301.1647 and let me help you TODAY!

*I would have provide a direct link to the FB article only I could not find the article on their online site.

** I created this chart using the statistics from the Fresno Bee which attributed Data Quick as their source for the information

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The aforementioned slashing of prices by the lenders, which has only just begun, is bringing out the “investors”; bottom feeders who seek to profit from plunging prices. Personally, I would be happy to have a balanced market where buyers and sellers play an even hand. This sign is posted at the corner of Bullard and Fruit, in my neighborhood. The market weakness is arousing the passions of the “get rich quick” crowd. NOT GOOD imo.

If you would like to make an offer on an Foreclosed property in the Fresno / Clovis area contact me. Lazarus @ 559-301-1647

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