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INFORMATION ON THE FRESNO CALIFORNIA REAL ESTATE MARKET FROM FRESNO’S BLOGGING BROKER

C.A.R. stands for the California Association of Realtors and they constantly send Realtors®. Often more info than we have time to digest. Here are some recent highlights:

NEW HOME SALES DOWN 57 PERCENT IN FEBRUARY (Statewide)

that’s 57% from last Februaty

Median price of SoCal homes plunged 24 pct to 4-year low

March 2008 median price was $385,000 compared to March 2007 median price of $505,000>
The median price in 2004 was $380,000

Fifty-six percent of homes sold in Riverside County in March were foreclosures

Foreclosures Creating Ghost Towns
read the story HERE

After C.A.R. gives us the bad news they actually conclude by saying:

Here’s what to tell consumers — and then they proceed to tell us what we should be telling YOU, the consumer. Personally I think they need to word that differently. N.A.R. and C.A.R. dont have the best reputation - and neither do Realtors®. When I was at the S.W.A.T. meeting last week they said that consumers rated Realtors® as and 11 on a one to twelve trust scale - with ONE being the highest rating. It think we rated lower than auto mechanics.

Folks, the glass is half-full:  interest rates remain at historic lows, the affordability index is rising, and sales volume is picking up, and if you’re BUYER you are in the driver’s seat (oh what a difference a few years make!)

All Lazarus lacks is YOUR business.  Call me TODAY and let me hep you buy or sell your home: 559.301.1647

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