June was a big month for me.
My son turned 5. My husband and I rang in 10 years of marriage. And we celebrated four years of homeownership by removing the popcorn ceiling in the hallway and entryway of our house on our anniversary day. We have three bedrooms to go – maybe.
In my southeast Fresno neighborhood, three houses have sold in the last few months. Others have undergone renovations – new windows and paint jobs. New homes are going up on a scattering of long vacant lots including one next to me.
Fresno Realtors tell me that the contractors and painters they work with are swamped and booked three weeks out so far this summer.
Mortgage interest rates remain low – floating between 3.4 and 3.6 percent the last several weeks, according to Freddie Mac – which continues to push homebuyers into the market.
In Fresno, home sales year-over-year increased 7.5 percent in May compared to last year at the same time, according to the California Association of Realtors. Sales increased nearly 3 percent in May compared to February.
When real estate is good, so is home renovations, Fresno-area Realtors say. Buyers are looking for updated homes with minimal work needed and sellers doing touch up work and minor repairs will sell their homes for a better price and faster, according to a quick survey of local Realtors I conducted on Facebook.
What’s happening in your neighborhood? Are you seeing the same thing?
My husband wants to sell. I’m just looking to update our house and paint over sticky, dirty, little fingerprints on the walls. But who knows, maybe it is time to sell.