Housing Market - Will “Spring Forward” This Year!

March 5, 2019

 

 

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market.

 

Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.

 

Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions.

 

That hasn’t happened this year.
 

Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.

 

The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June.

Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.

 

Bottom Line

If you are planning on selling your home in 2019, meet with a local real estate professional to evaluate the opportunities in your market.

 

 

 

AND WHEN YOU ARE READY TO BUY...

WHY Choose Fresno Metro Area

 

Fresno is an agricultural and minor banking and financial center for the San Joaquin Valley, the southern half of California’s famed agricultural Central Valley. Agriculture and some light manufacturing round out the private employment picture. The California State University at Fresno, or “Fresno State,” adds some college-town life including sports and arts activities, but it doesn’t have much influence on the look or atmosphere of the town. The city core, once neglected, has been renovated and some projects are still underway. A few nice older neighborhoods spread north, but much of the rest of the area could be described as “functional” and not very interesting, and some are downright gritty.

 

Highlights

 

ECONOMY

The unemployment rate in Old Fig Garden is 9.4% (U.S. avg. is 5.2%). Recent job growth is Positive. Old Fig Garden jobs have increased by 2.33%.

 

COST OF LIVING

Compared to the rest of the country, Old Fig Garden's cost of living is 24.90% higher than the U.S. average.

 

POPULATION

Old Fig Garden's population is 5,186 people. Since 2000, it has had a population growth of 5.00%. Learn More...

 

TRANSPORTATION

Average Commute time is 20 minutes. The National Average is 26 minutes.

 

REAL ESTATE

The median home cost in Old Fig Garden is $345,000. Home appreciation the last 10 years has been 7.82%. Check out the homes in the area or Find top agents in Old Fig Garden

 

SCHOOLS

Old Fig Garden public schools spend $10,767 per student. The average school expenditure in the U.S. is $12,383. There are about 24.2 students per teacher in Old Fig Garden. 

 

 

Home of the Week
Housing Market in Old Fig Garden

It's a good time to buy in Old Fig Garden. Home Appreciation is up 7.8% in the last 12 months.

 

  4688 N Thorne Ave,Fresno, CA 93704

 

FOR SALE: $347,000

 

Look no more! You can live in this immaculate, renovated home in the Old Fig Garden Neighborhood just walking distance to Fig Garden Village and Christmas Tree Lane. This stunning and spacious 4 bedroom 3 bath home features a refreshing pool with resort like backyard perfect for entertaining in the summertime, owned solar panels, newer tile floors and laminate wood flooring throughout. Also features granite counter tops, stainless steel -high end appliances, a secluded master suite with bathroom that is privately set away from the other bedrooms which can be used as a in-law attachment or separate living quarters. An over sized lot with a park like setting, an outside fireplace, RV parking set up, security gate and much more. Don't wait, you have to see this beautiful home for yourself!

 Invite your friends and family...come and join us for some refreshments and get the chance to view my Home Sweet Home & Meet other Members of our Community.