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The Bakersfield Association of Realtors has been around a long time, for more than a century. Since early on they have had a Multiple Listing Service, where all of the various Real Estate offices and agents would list all of the houses currently for sale. Before computers, this list would be...
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Saw this on the 11:00 news, and it is also online at www.bakersfield.com
Crisp & Cole
I posted something here in my blog on Friday, about the appraiser who did a lot of inflated appraisals for C&C. 20 minutes later I got a call from Vanessa Gregory. I admitted that it was only rumors I...
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Amid the national clamor about lender meltdowns, falling home prices and instability on Wall Street, the big question many consumers have about the real estate market remains basic and personal: Is now a good time to buy?
That's how my Sunday story started. You can read the whole article,...
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We have a Caravan every Thursday, which is where agents Caravan to a group of houses and view them. Some of the agents play a game, called Bakersfield, Come On Down, where we try to guess what the houses will sell for. When it sells, we check and see who had the best guess. Here are the houses...
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I don't often open a story with statistics, but this one was pretty astounding: In 2006, Bakersfield annexed 10 square miles to accommodate future developments like Rosedale Ranch, in the northwest.
That's a lot of development. And a lot of new city. You can read the full story, which offers a...
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As expected, President Bush announced a plan today to provide homeowners some relief from foreclosures.
Read Bloomberg's report, with all the details, here. Basically, strapped homeowners will be allowed to refinance into FHA-insured loans if they have good credit, according to Bloomberg.
...
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There was a good editorial in the Bakersfield Californian on August 18th. It was cleverly titled It Costs Just Two Bucks to Chuck Real Estate Fraud.
It tells of a high profile real estate agent who has been convitcted of fraud, Tony Daniloo serving 7 years.
The Real Estate Fraud Unit was funded...
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If you’ve been searching for homes to buy (and it’s certainly a buyer’s market right now), you know how valuable a map can be in terms of finding homes in specific parts of town.
We’ve just added a mapping feature to our Homes section that gives you one more option to...
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Once-prominent real estate salesman David Crisp last week received two new default notices on the Stockdale Highway offices he bought in April and was named in a lawsuit demanding repayment of more than $160,000.
The Stockdale offices are the latest addition to a growing list of delinquent...
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I have posted before about a tantalizing rumor that has been circulating. If it hasn't been posted here, it was in one of my other blogs.
Now it is in the paper, so I just want to say that I said it before, when even people who worked at the respective companies swore that it couldn't be true,...
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How to get your money with an owner held mortgage
With privately held mortgages, the mortgage holder has a number of options to benefit from the investment.
• Keep the mortgage and collect payments
• Sell the entire mortgage for cash
• Sell part of the mortgage - for...
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I JUST WANT TO SAY,............ TO THE GREEDY PEOPLE AND YOU KNOW WHO YOU ARE, YOU MAKE IT REALLY HARD FOR PEOPLE THAT DO WORK VERY HARD FOR THERE MONEY HARD TO LIVE THE AMERICAN DREAM, AS IN BUYING A HOME, MIDDLE AGED 1ST TIME HOME BUYERS DON'T HAVE A CHANCE THESE DAYS...
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The local mosquito abatement office says pools abandoned in the recent housing decline are playing a big part in our high West Nile virus cases.
Some local Realtors disagree.
What do you think? (Read "Are local pools a real concern?" in today's Californian.)
Have you seen many...
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I'd like to hear from people in the real estate profession......
What I've heard is that the incentives home builders are offering for buyer ends up to be income for the buyers, meaning that the buyers will have to pay income tax on the incentives that the home builder offers. Has anyone...
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Potential buyers and anyone else interested in taking a look inside the partially renovated Padre Hotel had a chance to stroll around the circa-1928 downtown landmark during the first of three open houses on Monday. View a video of the open house.
The Padre is listed for sale for $5.6 million....
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I'm going to attempt to steal a miracle, friends! (See my earlier blog, Stolen Miracle.)
We have put our house on the market, and are having an open house this weekend. However, as I'm sure many of you are aware, it is officially a "bad time" to put a house up for sale, as it is...
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Crisp & Cole Real Estate has a new name — Crisp Real Estate Inc. The company headed by David Crisp has also cut back on staffing and plans for new office space. According to sources close to the company, Crisp is also doing away with Tower Lending. What do you think...
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The Bakersfield metropolitan statistical area, which includes all of Kern County, had the eighth-highest foreclosure rate in the nation during the first quarter of 2007 with one foreclosure filing for every 83 households. In the first quarter there was one foreclosure filing for every 264...
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Local appraiser Gary Crabtree has tipped off the FBI, California Department of Real Estate and the California Office of Real Estate Appraisers to what he has termed "suspicious" home sales transactions. And others have since stepped up to verify that mortgage fraud is indeed...
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What do you think of Bakersfield's housing market? Do you agree with some projections that it will be one of the nation's worst in 2007, with median home sales prices declining between 5 and 6 percent? It's obvious that the boom market of just a few years ago is gone, but what's next...
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The whale currently frolicking about the Santa Babara bay is causing quite the stir,people are amazed it is so close to the shoreline.The story brought to mind my Aunt Aileen.
She is quite the lady,native of the Ozarks,fisher woman,huntress,winner of Senior Olympic Gold medals for...
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Before I put this customized Excel spreadsheet real estate related software on ebay, I was wondering what else it could be used for. How much should I ask for it?
It is designed to compare a column in one database to a column in another database, and make a 3rd database showing the matching...
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Is Bakersfield's housing market a bubble? If so, will the bubble burst?
Some national experts say it is inevitable that Bakersfield will have one of the worst housing markets in the nation in 2007 after the local market was one of the hottest in the nation in recent years, propped up by...
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A recent study commissioned by the Kern Economic Development Corp. and compiled by local appraiser Gary Crabtree appears to give us the best picture to date of local homebuyers. The report included more than 1,000 new construction and existing home sales between January and June, comprising about...
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EXECUTIVE SUMMARY: Continued declines in sales activity have increased the number of homes on the market, resulting in falling prices. Further sales and pricing declines should be expected, particularly if mortgage rates move higher. The rapidly increasing mortgage debt servicing cost generates...
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NEW YORK (Money Magazine) - Forget book clubs and poker nights. America's property craze has spawned a new social network: The real estate investment club.
Across the country, dentists, retirees, janitors and even teenagers gather each week in hotels, buffet halls, synagogues and the like to...
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Story from the Central Valley Business Times
Foreclosure activity in California in the second quarter jumped by 67 percent over the year-earlier period, according to figures released Monday by Foreclosures.com, a Central Valley-based real estate investment advisory firm and publisher of...
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