Investors:
Residential
Income Properties in Fresno
and Clovis are Wise Investments!
The two types of residential
income properties, Single
Family Homes and Multifamily Apartments offer great opportunities but also have distinct advantages:
For homes see Single
Family Income Properties
For apartments see Multi-Family Income Properties
~ Recent Articles ~
Fresno Housing Market
Third Quarter, 2009
Larry Hawkins, RE Investment Broker
This is your opportunity to buy the home of your dreams - but it is becoming increasingly difficult.
The drastic drop in home prices combined with low interest rates and home buyer tax incentives have generated a huge number of buyers. The inventory of homes for sale in Fresno/Clovis has dropped from a high of 20 months supply in Sept of 2007 to a 2 month supply today. Read
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Fresno Area Rents Analysis
Third Quarter, 2009
By Larry Hawkins, RE Investment Broker
The single-family rental market has seen an increase in number of homes for rent. This is because many would be sellers are unable to sell their homes in the current market and instead of selling are forced to convert the property into a rental. Also investors are buying the bank owned homes in record numbers and creating more rentals.
This increase in available rental homes has kept rent incomes for houses at a flat rate for the past two years and those rental rates will continue flat for the next 24 months or so. Vacancy remains low due to population growth and foreclosures forcing previous home owners into becoming tenants. Read
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