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Visalia Real Estate Blog

Ed Evans


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Oh Give Me a Home

by Ed Evans

Two buffalo are standing near a prairie road when a car pulls up.  The window rolls down and an occupant says, “Look at those mangy, smelly beasts.  YUCK! Let’s get out of here.”  Turning his head slowly one buffalo blurts to the other, “I think I just heard a discouraging word.”   

More often than seldom, I hear a discouraging word from buyers in today’s market.  “We keep getting beat out, no one will accept our FHA offer, there are no homes in our price range, our agent has given up on us,” are just a few of the mutterings!

This week we celebrate the holiday that reminds us of the many freedoms we enjoy in this great country.  The US census bureau indicates that the “American Dream” of home ownership is at 65%.  This is down from the all time high in 2004 of 69%. Not every country affords us the opportunity to take a second job, work overtime, or the entrepreneurial right to start a business.  In the USA, wealth and prosperity are in our own hands.   

Buyers…don’t be discouraged.  The affordability rate today is still close to all time highs.  Prices and interest rates have risen over the last year which indicates an improving economy.  Interest rates are still well under 5%.  Inventory is increasing each week with more sellers finding they now have equity and the confidence to “MOVE UP.” 


Home ownership is more than just a dream where deer and the antelope play!  Contact a REALTOR today and start singing a new song, Oh…and don’t let the Buffalo get you down!

Should I Buy a Home Now?

by Ed Evans

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

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Contact Information

Ed Evans - Lic#01039930
RE/MAX Visalia
4840 W Mineral King Ave
Visalia CA 93291
Toll Free: (888) 706-1400
Direct: (559) 302-2900
Fax: (888) 600-1496