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CAR: Housing sales up in state, Central Valley

Submitted by Central Valley ... on Thursday, March 22nd, 3:49 pm

The California Realtors Association recently reported that California’s home sales were up in February this year by 5.4 over the same time last year. The Central Valley market has fared a bit better despite a lack in inventory.

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Senior housing on the rise as older Americans live longer, head into retirement communities

Submitted by Central Valley ... on Thursday, March 8th, 5:15 pm

Marcia Fitzgerald, administrator of independent living at O’Connor Woods in Stockton, talks with resident Sue Sayles on a recent afternoon.

STOCKTON — The need for senior housing is on the rise as more Americans are aging into their golden years, and living longer.

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Would you live in Downtown Modesto? Many say ‘yes’

Submitted by Central Valley ... on Monday, February 12th, 5:11 pm

The majority of survey respondents in a recent poll said they would have no reservations about living in Downtown Modesto.

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Modesto, Stockton rank among nation’s highest renter to owner ratio

Submitted by Central Valley ... on Friday, February 9th, 2:47 pm

In a recent report, it was found that cities in California’s Central Valley are among the highest when it comes to the amount of residents who rent versus those who own their homes.

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Rent prices rise rapidly in Central Valley

Submitted by Central Valley ... on Thursday, January 18th, 12:18 pm

Rent is on the rise in the Central Valley.

The Central Valley experienced some of the fastest growing rents in the mid-sized city category, according to a study by RENTCafe, a website that connects renters with properties.

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Buying more affordable than renting in most of nation … barely

Submitted by Central Valley ... on Thursday, January 11th, 3:49 pm

A recent report shows that buying may be cheaper than renting in many counties across the U.S. Locally, renting is still more affordable than buying.

ATTOM Data Solutions, a national property database curator, recently released a report detailing housing affordability in 447 counties across the country. It is more affordable to buy a home in fifty-four percent of those counties than to rent.

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Stockton-Lodi Ranks No. 4 on top market list for 2018

Submitted by Central Valley ... on Monday, December 4th, 3:49 pm

By NORA HESTON TARTE

Buying and selling homes in the Stockton-Lodi metro should get easier in 2018. During its annual housing forecast, realtor.com ranked the metro area No. 4 on its list of top housing markets based on both sales and price gains, signaling a positive trend for number of homes sold and home values.

Predictions include a 4.55 percent sales growth in 2018 and a 6.43 percent growth in price, according to realtor.com.

For the first time since 2015, realtor.com is also predicting a positive trend in housing inventory across the country, with easing of the housing shortage allowing for steadier price growth and more millennial mortgage share.

Kris Klair, a Central Valley Realtor and president of the Central Valley Association of Realtors agrees the 2018 housing market in Stockton-Lodi will be hot. His chief concerns about the market are exactly what area builders are addressing — a shortage of homes... Read More

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