Are home prices falling in Modesto?
Not only did the median-price of homes sold in February fall, the article says the number of homes sold also dropped by over 15 percent compared to a year earlier. To read more, visit Modbee.com.
Is this drop in home sales a result of less buyer interest, or less inventory to sell? Let us know your take in comments or on our Facebook page.
Valley to experience the fastest growth in California
Alexander cites state projections that were released this week in addition to U.S. Census data showing that home ownership rates in the Fresno metro area have actually increased from 55.7% in 2005 to 59.0% in 2012. To read more, visit FresnoBee.com.
How will this population growth affect real estate in Modesto and the rest of the Central Valley? Give us your take in comments.
Modesto home prices take a breather in December.
After Modesto home values rose steadily through most of 2012, Modesto Bee business writer J.N. Sbranti reports that home prices in Stanislaus County fell in December.
Although Modesto is not specifically cited in the article, Sbranti points out that Stanislaus County’s median price for home sales rose 13.5 percent from December 2011, according to the data source cited.
Has the housing recovery in Modesto and the Central Valley underway? Leave your take below.