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Clovis, CA Real Estate News

By Dr. John McMillen
(Clovis Real Estate)
If you’ve paid off your mortgage and own your Clovis home, congratulations! However, Clovis homeowners who pay off their entire mortgage should notify Fresno County officials and file proof that the debt is paid. Otherwise, when you go to sell your home, the title company won’t be able to prove “clear title” and the sale will be delayed. In fact, according to MarketWatch.com some sellers have had to sue their lenders to prove that they have been paid their mortgage / loan in full. Plus, if a lender is no longer in business, the situation gets even more complicated. Here’s an easy way to prevent any complications or delays when selling a Clovis home. Read More...
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By Dr. John McMillen
(Clovis Real Estate)
California Home Price Fast Facts * California median home price - July 09: $285,480 (Source: California Association of Realtor (C.A.R.) * California highest median home price by C.A.R. region July 09: Santa Barbara So. Coast $885,000 (Source: C.A.R.) * California lowest median home price by C.A.R. region July 09: High Desert $110,650 (Source: C.A.R.) * California First-time Buyer Affordability Index - Second Quarter 2009: 67% (Source: C.A.R.) * Mortgage rates – week ending 9/17/09 30-yr. fixed: 5.04% Fees/points: 0.7% 15-yr. fixed: 4.47% Fees/points: 0.6% 1-yr. adjustable: 4.58% Fees/points: 0.5% (Source: Freddie Mac) Clovis Real Estate We’re the leader in Clovis real estate information. No other Fresno or Clovis Realtor provides in depth market reports, VIP Clovis homes for sale search...
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By Dr. John McMillen
(Clovis Real Estate)
Clovis, CA Homes for Sale — VIP Search Tool Unveiled Clovis Real Estate unveiled today it’s “VIP” Clovis Homes for Sale search tool. Clovis home buyers can use the tool to search Clovis homes for sale like never before. Home buyers can now search by a particular Clovis school, neighborhood, or even by type, such as Clovis luxury homes or Clovis foreclosures. “We wanted to give our clients the most advanced home search in all of Clovis and Fresno,” said Dr. John McMillen, owner of Clovis Real Estate. “You won’t find a Clovis homes search tool like this anywhere else.”  Read more...
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By Dr. John McMillen
(Clovis Real Estate)
How to Get a Clovis Home Mortgage, Plus Low Rates With Clovis home prices the most affordable they've been in the past 20 years and mortgage rates at historical loaws (today's rates are 5.20% for a 30-year fixed loan) it's a great time to buy a Clovis home.  There's just one problem - unless you have a lot of spare cash laying around, you're going to need a home loan.  But getting a mortgage is a lot tougher these days than it used to be.  Banks have tightened their lending standards and now you need a lot more than just good credit to buy a Clovis home. We'll show you how to get a loan and who to contact for the best mortgage rates in Clovis.  Read more.
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By Dr. John McMillen
(Clovis Real Estate)
Last week we attended the National Residential Economic conference in Fresno, CA which forecast the long-term housing market conditions. Click here if you missed our article about the future of the Clovis real estate market. We’re following up that article with a video from acclaimed University of California at Berkley Professor, Ken Rosen. Dr. Rosen discusses the current housing market and tells you why he thinks now is the best time to buy a home in the past 20 years. Don’t miss his insight. Click here to watch the video.
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By Dr. John McMillen
(Clovis Real Estate)
What is ClovisFest? There are a number of reasons why Clovis, CA is one of the most sought after places to live in the Central Valley / Fresno area. While the Clovis Unified School System is a big draw for many families, activities like ClovisFest are just another reason why so many Californians are eager to relocate or move to Clovis. ClovisFest is a 35 year old Clovis tradition that takes place on the 3rd weekend every September. The two-day event offers carnival rides, food, and music over 10 square blocks in Old Town Clovis.  Read more.
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Relocating / Moving Tips for Clovis, CA Are you relocating or moving to Clovis, CA? There are a number of reasons why we think you’ll love it here. Here are a few short articles about Clovis, the Clovis school system (called Clovis Unified School District), and recreation opportunities: Top 5 Reasons to move to Clovis Great schools, Safe neighborhoods, Abundance of recreation opportunities, Why we think you’ll find Clovis to be the exact kind of community you’ve been looking for! Renting / Types of Clovis Rentals There are a number of apartments, condos, and single family home rentals in Clovis. Unfortunately, there’s really no one good source to find every rental out there. Your best bet is the Fresno Bee newspaper, Craigslist (Fresno), or the Internet. There’s a number of property man...
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If you’re thinking about selling your Clovis home, you first need to know it’s value. There are 4 common ways to determine your home’s value, but only one method is considered accurate. This article overviews all 4 options and explains how to choose the right option to make sure your Clovis home sells fast and for the highest possible price. Value of Your Clovis Home Four common ways to determine your home’s value are: 1. CMAs – Comparative Market Analysis Commonly referred to as “Comparative Market Analysis”, CMA’s are a professional estimate of your Clovis home’s value. The term, “CMA” is Clovis Realtor-speak for searching similar Clovis homes for sale with those that have sold recently and then comparing those homes to yours using a sophisticated market analysis. Read More
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Clovis Unified School District There’s a little known Californian law (Employment Based Residence Law, CA Ed Code 48204) that parents and guardians who work within the boundaries of Clovis Unified should know about. Clovis business owners and their employees can register their children in the Clovis Unified School District (CUSD) if their employment address lies within the 198-square-mile boundary of Clovis Unified. CUSD Enrollment To enroll your child in CUSD you’ll need to present a current Clovis paycheck stub or business license to the District’s Student Services and School Attendance (SSSA) Office at: Read More
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By Harold Penner
(Guarantee Real Estate)
  HAROLD PENNER: Fresno Real Estate Market AnalysisFirst Time Home Buyers - Cashing In!Tax Credit Deadline Approaching!The clock is ticking and the rush is on for first time home buyers to cash in on the $8000 federal tax credit. They must close escrow by November 30, 2009. With escrows typically lasting a minimum of 30 days, the next few weeks are critical for anyone interested in squeaking in before the deadline!Here are a few of our recent clients that took advantage of these credits to buy their very first home!    Mike Bone "I wasn't even thinking about house hunting until I heard about that $8,000 tax credit," remarked first time home buyer Mike Bone. He had heard that Harold Penner was an agent with the connections and knowledge to get people into homes fast and thought he would ...
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By Dr. John McMillen
(Clovis Real Estate)
Murphy’s law is alive and well in today’s tough real estate market. If anything can go wrong, it probably will. So what happens after you finally find a buyer for your Clovis home, but find out a few weeks later that your home didn’t appraise high enough? Now that the bank won’t finance the agreed upon purchase price – your buyer wants to walk. What do you do? We have the answer: appeal it! Low Clovis Home Appraisals Many Clovis buyers and sellers are finding out that in today’s Clovis real estate market market, that homes aren’t worth what they thought they were. At least not in the eyes of appraisers who are hired by lenders to calculate the value of the seller’s home. It used to be that the value of a home was what a “ready, willing and able buyer” would pay for it. While that’s stil...
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By Dr. John McMillen
(Clovis Real Estate)
Everyone seems to be asking the same question these days, “Will Clovis home prices increase or decrease this Fall?” According to, LPS, Applied Analytics, a real-estate research firm, it depends on how many more Clovis foreclosures come onto the market. We’ll give you our take and tell what this means to Clovis home buyers and sellers. Clovis Foreclosures According to its website, LPS “is the nation’s leading provider of mortgage processing services, settlement services, mortgage performance analytics and default solutions.” In other words, LPS are a recongized source of information about loans and lending in America. LPSs latest report looked at the link between sales of bank-owned foreclosures (known as REO, for real-estate owned) and the rate of home price declines. In Michigan, for e...
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You can be President Barack Obama’s Chicago neighbor … if you have enough money and pass a secret service test. The Obama’s next door neighbors are selling their home in the wealthy South Side neighborhood. The listing agent is collecting offers on the home to see what prospective buyers will pay to live next door to the President of the United States. Homes in the neighborhood typically sell between $1 million and $2.5 million. Unlike most Clovis homes for sale where you simply need to express an interest in seeing a property, in order to view Obama’s neighbor’s home, interested buyers must demonstrate sufficient income and the ability to spend at least $1.5 million on a home … and then explain to the Secret Service why this is where they want to live. If the would-be buyers passes the...
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By Dr. John McMillen
(Clovis Real Estate)
The CA Homes For Sale Price Report for July 2009 is now out.  How does Clovis stack up to California?  The medium price of a Clovis home was $164,000, compared to $247,500 for the rest of California.  The $83,500 price difference demonstrates that Clovis homes are an exceptional value.  In addition, Clovis homes prices are up from June and fewer Clovis homes are now on the market.  What does this mean to you? Clovis Homes For Sale Fewer Clovis homes are for sale.  In July there were 520 Clovis homes for sale.  A year ago, there were 720.  Today, there are 342 Clovis homes for sale. Less supply of homes typically pushes up home prices.  In other words, if you're considering buying a Clovis home keep a close eye on the inventory of Clovis homes for sale, as it decreases, home prices will ...
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By Dr. John McMillen
(Clovis Real Estate)
According to the National Association of Realtors (NAR) pending home sales have have risen for six straight months, something not seen in the history of the Pending Home Sales Index. The Pending Home Sales Index, a forward-looking indicator of the housing market, is based on contracts signed in July 2009, increased 3.2% to 97.6 from a reading of 94.6 in June, and is 12.0% higher than July 2008 when it was 87.1. The index is at the highest level since June 2007, when it was 100.7.  We'll share with you what an increase in pending home sales means to you. Affordability at Record High Lawrence Yun, NAR chief economist, said the housing market appears to be improving. According to Yun, "The recovery is broad-based across many parts of the country. Housing affordability has been at record hi...
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By Dr. John McMillen
(Clovis Real Estate)
Are you a Clovis home buyer who’s been sitting on the fence? Your wait may be over. That’s what we learned yesterday at the National Residential Economic Report conference which forecast the housing market conditions for the next 5 years. The result? The Clovis real estate market is about to change from a buyer’s market — to a seller’s market. For the past 3 years, many Clovis home buyers have been sitting on the fence — waiting for prices to bottom out — in order to get the best deal possible. Not a bad idea when you think of all the money they’ve saved. But here’s a economic fact: No one can time the bottom of the market. Why? Because no formula or data set can calculate when that will happen. Even the best economists and real estate experts can only ‘guestimate’ when home prices will...
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By Dr. John McMillen
(Clovis Real Estate)
Real Estate Economic Report We just returned from the National Residential Economic Report conference which forecast the long term economic real estate / housing market conditions for the United States.  We'll give you the highlights and tell you what it means for home prices and the overall real estate market. Real estate economist, Mark Boud of Real Estate Economics, discussed the national real estate economic market conditions for the next 5 years.  He then answered these 5 questions: What will real estate prices look like 5 years from now? Are homes affordable.  Are they now under valued?  By how much? Are there enough homes for sale or will supply be a problem over the next 5 years? Which metropolitan areas are showing promise? What is the impact from retiring 'baby boomers' on the...
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By Dr. John McMillen
(Clovis Real Estate)
Are you looking for homes for sale at Quail Lake, Clovis, CA?  If so, you've come to the right place!  We have all of the Quail Lake home listings for sale and know every inch of this fabulous Clovis community! About Quail Lake Quail Lake is a lakeside community just 5 minutes east of Clovis.  Masterfully designed, this architectural masterpiece is a gated community with open spaces, numerous parks, winding bike and jogging paths, benches, and a Clubhouse that's perfect for any type of event.  If you're looking for a serene, safe, and relaxing living environment, then you'll love Quail Lake! Quail Lake Listings We specialize in Quail Lake homes and provide all of the current homes for sale on the MLS.  In fact, we've lived at Quail Lake so we can show you all of its beauty and talk fir...
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By Dr. John McMillen
(Clovis Real Estate)
The latest California housing market report is out for homes for sale and sold in Clovis CA . The short video (prepared by the California Association of Realtors)discusses the current state of the California real estate market. There’s both good news and bad news, depending on whether you’re a Clovis home buyer or seller. Watch the video below to learn why.
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By Dr. John McMillen
(Clovis Real Estate)
Help!  There's a shortage of Clovis homes for sale. The Clovis real estate market needs more homes to sell! Currently, there's only 282 Clovis homes for sale on the market - which is only a few months supply. In other words, if the current pace of sold Clovis homes continues, the current supply of Clovis homes will be sold out in the next 2-3 months. This could be great news if you've been wanting to sell your Clovis home, but didn't think you could.  Read More.
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