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The conventional wisdom is that buyers and sellers go together like oil and water. That is to say, they don’t go together at all. Some say they are at odds simply by virtue of sitting across the bargaining table from one another, which – along with negotiation and legal issues that are par for the home buying course – create ... Read More »

The headlines are all saying that Chico homes are sitting on the market, it is a great buyer’s market. So you take a deep breath and decide to buy real estate in Chico when everyone else is selling. You make an offer on an entry-level Chico home and realize that, apparently,someone else read the paper and decided to buy now ... Read More »

When reading and/or studying about buying real estate in Chico California, you will very often find the way a property is described with the words “house” and “home” in the property description. However there is a lot of difference between what constitutes a house and what is interpreted as a home in Chico, CA.   A house is where you ... Read More »

Fast Facts Calif. median home price: May 2012: $312,110 (Source: C.A.R.) Calif. highest median home price by region/county May 2012: Marin, $791,670 (Source: C.A.R.) Calif. lowest median home price by region/county May 2012: Merced, $119,410 (Source: C.A.R.) Calif. Pending Home Sales Index: May 2012: 128.8, unchanged from April. Calif. Traditional Housing Affordability Index: First quarter 2012: 56 percent (Source: C.A.R.) ... Read More »

Home prices rise for third consecutive month in May Home prices nationwide, including distressed sales, increased 2 percent on a year-over-year basis in May 2012 compared with May 2011, according to CoreLogic’s May Home Price Index report. On a month-over-month basis, home prices, including distressed sales, also increased 1.8 percent in May 2012 compared with April 2012. The May 2012 ... Read More »

“Prices are bottoming now,” according to a Bank of America Merrill Lynch forecast, released this week. In the fall, the analysts had predicted home prices would drop by 8 percent from the second quarter of 2011 through the first quarter of 2013 — but now they’re revising that forecast, realizing the housing market is stabilizing faster than they originally thought. ... Read More »

California home sales post higher in February Recent improvements in the overall economy, combined with extremely low interest rates lifted California home sales from both the prior month and year in February, according to data from C.A.R. The median price dipped from January but is beginning to show signs of stabilization. “While the median home price dipped in February, the ... Read More »

Hello Chicoans of Chico California. In this post I will go over the the nine most common myths about short sales and how the short sale process has changed for the year of 2012. Myth #1: The homeowner must fall behind on mortgage payments in order to qualify for a short sale. Debunked: Years ago this may have been true, ... Read More »

Chico California Real Estate. Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ... Read More »