Central Valley housing market making a comeback

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A stronger economy, affordable housing, and low-interest rates are just a few reasons why more people are buying and selling homes. (KFSN)

A stronger economy, affordable housing, and low-interest rates are just a few reasons why more people are buying and selling homes.

If you take a walk inside the most spacious home on Huntington Boulevard there is a chance you might get lost. The historic 100-year-old home is on the market for $650,000.

"Most homes should sell inside of 30 days. As long as they're presented properly, cleaned up, but also priced properly," said Don Scordino, Realty Concepts.

Scordino said cities cross the country are finally recovering from the crash of the housing market and the Central Valley is no different.

"During the recession, a lot of people didn't move, so the dam is spilling over now. Also, there wasn't a lot of new construction so there is a supply and demand issue right now."

Scordino said it's a good time for anyone trying to sell their house, but it's also a good time for home buyers. So how is that possible? It's because low-interest rates are making mortgages much more affordable.

"So if you can imagine fixing your housing costs for the next 30 years, and knowing what it's going to be that's a great opportunity," said Scordino.

Alyssa Langdon is a first time home owner and she said finding her dream home was a competitive process.

"I found a lot that I loved and our sales agent here was like, 'if you want it you better jump on it,' and I did. And most of the lots that would fit the house that I wanted are gone now."

Whether you're building from the ground up or selling a piece of Fresno history, Scordino said there's only one way to know when the time is right.

"Don't be a market timer. Because nobody rang the bell at the top of the market nor at the bottom of the market. When it's right for you and your family that's when it's the time to make that move."
Related Topics:
realestateaffordable housinghousing marketfresno countycentral valley
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