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Ray Karpe has left Karpe Real Estate, the company founded by his ancestors that has had a Karpe at the helm for the whole of its 86 years. Word is he is leaving Real Estate, and if so, he will be missed. Karpe Real Estate will carry on, but I guess they will have to re-shoot their commercials...
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I want to take the time to introduce myself to the bakersfield.com community. I am a 9 year mortgage and real estate professional, and look forward to contributing to this blog on a regular basis. Cheers!
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Today I went to an Economic Forecast regarding the housing market in Bakersfield and Kern County. It was given by Leslie Appleton-Young who is the resident economist for the California Association of Realtors. I will go into the forecast latter, when I receive the PowerPoint from her...
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I just compiled a new list of REO properties. If you are interested, drop by, call or email me. I have added HUD properties, which are kind of like foreclosures, but of government loans. There are only about 16 listed in the Bakersfield MLS right now--some in Bakersfield and some in Tehachapi,...
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This evening at our Parent Teacher Organization meeting, one of the parents asked me "how is business?"
That it is a good time to buy was no surprise to him. That it is not a great time to be a traditional seller was no surprise to him, either. But that we only have about a three to...
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I love a rural campus (go Independence High!)
But I was struck by the lack of construction activity surrounding the new southwest Bako campus when I visited recently.
In addition to the stalled projects listed in today's story, here are a few others:
• The cluster of tracts east of the...
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Zillow's first-quarter home value report came out this morning and we're among the spots with ugly blue masses...the most depreciation.
You can find the national report here, or just focus on Bakersfield stats here.
-- Gretchen Wenner, staff writer
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I was listening to All Things Considered on March 30, 2008 and I heard an interesting exchange. The usual economic truism — as demand goes down, the prices go down— doesn't seem to apply in the current troubled housing market. Many homeowners prefer not to sell their home than to take...
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Today, Friday March 21st, we had a Real Estate Caravan, and who should arrive but The Easter Bunny? Somehow, I never see The Easter Bunny and Sheryl Gallion of Ticor Title in the same place, and this has been going on since 1984?!?!?!
The Bakersfield Real Estate Caravan looked at houses in...
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March 17th, St Patrick's Day, and then two days later, the swallows return to Capistrano. Someone I know has a birthday on March 19th, so I incorporated a little of the Capistrano legend and lore into a birthday greeting. Did you know that the swallows fly all the way from Argentina? Legend has...
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Home Tours
http://www.bakersfield.com/...
In the Bakersfield Californian, there was a story about home tours. That is where an agent...
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As can be seen by these charts and tables, of the almost 4,000 homes for sale in Bakersfield, one quarter are Short Sales, and one quarter are REO.
But of the homes that sold, more than half are REO, there are very few Short Sales that actually close escrow, and the rest are regular...
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A really good way to keep up with the articles in The Bakersfield Californian about Bakersfield Real Estate is by reading the Money Talks blog. This is a staff blog for all the writers who cover Bakersfield Real Estate, and other aspects of business and commerce in Bakersfield. Sometimes it is...
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See the full article here
D.R. Horton, the self-desribed America's Builder, held what they called an UnAuction on February 16th. Another one is slated for February 23rd. Go to DRHortonUnAuction.com for more details.
I commented on the article in the...
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Today is my Birthday!
By a happy Coincidence, the film Once is playing tonight at the Fox Theater downtown on H Street. It starts at 7:30 PM and the cost is only $4. Meet me down there for this film from Dublin, Ireland about a street...
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I helped with the decorations for the 2008 Bakersfield Association of Realtors Inaugural. Here are the members of the committee: Chair - Cheryl Pauley, Laora Norcross, Brenda Gregor, Michelle Cooper, Sheryl Gallion, Juanita Brooks, and me, Chris Craddock.
Warren Peterson of Warren Peterson...
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Today is the first day of The Year of the Rat, from the Chinese New Year, which uses the lunar calendar. And I’m still writing Year of the Pig on all my checks (rim shot)!
I am declaring this the year of The Rat Pack, and dusting off all of my Sinatra, Sammy Davis Jr., and Dean...
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REO Speedwagon
In Real Estate these days, you keep hearing about REOs, every time you turn around. You can’t swing a dead cat without hitting an REO. What are they?
REO can stand for several things:
Acronym Definition
REO Radar Electro-Optical
REO Radiated...
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I will be on the radio with fellow Real Estate Agent Steve Kittrell on Saturday, December 22nd, 2007, from 9-10 AM, on station KGEO-AM 1230. If you want to comment on my blog, Bakersfield Real Estate, or anything Real Estate related, give us a call at (661) 847-1230. You can listen over the...
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Recently, I saw a segment on Nightline that got me thinking. It was called “Condo Vultures” and it aired on November 14th, 2007: Condo Vultures Zero in on a Dwindling Market, by Jeffrey Kofman and Howard Rosenberg.
What I liked about it was the dramatic skyline of Miami, like...
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