Harold Penner's (haroldpenner) Blog

HAROLD PENNER: Fresno Real Estate Market AnalysisAppraisals in Fresno - Challenging TimesAppraisal UpdateIn May 2009, the "Home Valuation Code of Conduct" was adopted by all Freddie Mac and Fannie Mae backed loans (which accounts for over half of the loans in the United States). These regulation...

HAROLD PENNER: Fresno Real Estate Market AnalysisHolding Pattern in Fresno Real EstateFor the past few months, the local Fresno real estate market has been in a type of holding pattern. The number of active foreclosures reduced by over two-thirds in the past six months leveling out around 450 ac...

  HAROLD PENNER: Fresno Real Estate Market AnalysisFresno Real Estate - Bottoming Out?During the past 30 days, there has been a marked change in Fresno and Clovis, California real estate. Most notable is the marked decrease in homes for sale in Fresno County in all categories (short sale, foreclo...

HAROLD PENNER: Fresno, California Real Estate Market Analysis Obama Policy Implications for Fresno Homeowners On March 4, 2009, the U.S. Treasury Department released guidelines for a new program to assist homeowners. Here are some of the basics of that program: View U.S. Treasury Press Release Re...

  HAROLD PENNER: Fresno Real Estate Market AnalysisStars are Aligned For Buyers: Fresno and Clovis Real Estate Market Conditions2009 is going to be one interesting year for Fresno and Clovis Real Estate. Looking at the local statistics, while I can't predict that the bottom of the market has come...

HAROLD PENNER: Fresno Real Estate Market AnalysisA Buyer's Market: Fresno and Clovis Real EstateDespite a tough year for real estate, I have found many things to be thankful for this holiday season. For my office, work has been steady despite a rapidly changing local market. One of the primary re...

HAROLD PENNER: Fresno Real Estate Market AnalysisPositive News for Short Sales in Fresno and ClovisThere have been some interesting trends with the short sale market in the Fresno and Clovis area in the past few months. Definitions: Short Sale:Short Sales occur when a property is sold and the len...

HAROLD PENNER: Fresno Real Estate Market AnalysisRefinancing Hope for Homeowners in Distress New Refinancing PlanOn October 1, 2008, the FHA "Hope for Homeowners" plan was implemented. If you meet the guidelines outlined below you may be eligible to refinance your current mortgage. One key condit...