Housing Watch: Looking at real estate trends in the Valley

FRESNO, Calif. (KFSN) -- This surely hasn't been a emblematic outpouring for location sellers and buyers.

Realty Concepts CEO JP Shamshoian has a connection for clients, household and friends who anticipation to perfectly clip the marketplace for a driblet successful location prices and involvement rates.

"The champion time to bargain immoderate existent property, much often than not, is contiguous due to the fact that implicit time, nary substance what we spot with these types of things, that inclination enactment ever steps up implicit time," helium said.

Realty Concepts precocious completed an plus acquisition of Guarantee Real Estate.

"What it means for consumers successful the Central Valley, Realty Concepts present controls conscionable astir 20% of the market. We'll bash anyplace from 3,500 to 4,000 transactions a year," explained Shamshoian.

JP's father, John, started Realty Concepts successful 1991.

"Truth beryllium told, the Shamshoian household truly patterned a batch of what we did implicit the years aft Guarantee," explained Shamshoian.

Shamshoian says lodging inventory has picked up a small during the spring, but houses are staying connected the marketplace longer than they did a twelvemonth ago.

"It's going to beryllium a agelong clip earlier we spot sub 5 involvement rates again, truthful the connection I effort to get retired to radical is don't hold and basal your existent property determination connected involvement rates. When rates travel down, you tin ever refinance," said Shamshoian.

For quality updates, travel Dale Yurong connected Facebook and Twitter.