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People in Business: A who's who for Aug. 29 58 homes! Check out our home sales map People in Business: A who's who for Aug. 22 Jumping ship? Homebuilders ditching local projects Affordability: better but not enough K Hov halts City in the Hills work Can you believe the prices? Check out our latest home sales map Williams-Sonoma opens in a week People in Business: A who's who for Aug. 15 Shadow inventory update January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 Contact us with your news and information: Team leader: Christine Peterson, cpeterson@bakersfield.com, 395-7418 Assistant team leader: John Cox, jcox@bakersfield.com, 395- 7345 Reporters: Courtenay Edelhart, cedelhart@bakersfield.com, 395-7372 Jenny Shearer, jshearer@bakersfield.com, 395-7234 Gretchen Wenner, gwenner@bakersfield.com, 395-7368 
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So Cal home sales scraping bottom
So says DataQuick's latest report, out today. Numbers for Kern aren't included; they typically come out in a day or two. While June sales were up from the previous month and the strongest in 10 months, DQ reported, it was still the slowest June in the company's 20 years of collecting sales stats.
-- Gretchen Wenner, staff writer 7 comments from 7 users
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posted by
johnburnssucks
on Jul 16, 2008 at 12:13 PM
So much for hotshot amateur "house-flippers..." posted by
ChicoEsquela
on Jul 16, 2008 at 12:25 PM
house flippers?
posted by
OldBlue56
on Jul 16, 2008 at 01:14 PM
Chico, I have seen timec wearing these same shoes when she goes to the Dollar Store. posted by
Bakersfieldbubble
on Jul 16, 2008 at 01:57 PM
TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRRRR
What about all the pundits who said things were going to turn around in June? posted by
vwilroy
on Jul 16, 2008 at 02:47 PM
I have owned rental property in Bakersfield for over 20 years. Until the boom hit there was never a dollar of appreciation. In fact, I even had my taxes lowered on property due to the assessment value. vs real value. After the boom hit, I still hung on and did not sell. Even though prices went way down, I still have equity. My most expensive rental property cost 63K. Real estate is a long term investment and you have to have the funds and mentality to stay in the rental market. I can't tell you how many times my husband asked me to sell the properties. I refused. It is now paying off as I do get an income from unencumbered properties. Get rich quick on real estate? Even if you turn it around quickly Uncle Sam will hit you. Property taxes will kill you. Hang in there if you can. posted by
Maggiepoo
on Jul 17, 2008 at 09:09 AM
June 2010... bottom , not turn around,,,turnaround loooong time coming if at all..welcome to the new adjusted standard of living minus the credit cards ...USA will adjust to the global economy and it won`t be pretty.... "Don`t cry because it`s over...just smile because it happened" The Cat in the Hat posted by
domer82
on Jul 21, 2008 at 11:51 AM
What happened to those declining inventories I heard about last month? I was touring a property with a realtor friend of mine a week ago and overheard another realtor telling his client, who had remarked about the price being a little high, that "well the inventories are declining, so you'll see them start to go up." I was drinking a coke and laughed so hard it came up the nose. I couldn't keep my mouth shut and asked the realtor how he could honestly say that to his client with a straight face. I mean, there are better arguments out there for the bottom callers, but when it comes to inventory, it is pretty simple addition and subtraction. We mastered that back in the second grade. There is a difference between "declining inventory" and "so many realtors have been laid off or quit, banks overwhelmed or going under, and property squatters that we can't keep up."
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