Notes from Rich Paddock

In the Central Valley of California we are finding a wide spread in home values and trends, with no certainty as to the bottom of the market.

Sellers are primarily banks.  Many buyers are first time owners and investors.  Sellers are afraid of selling below what they need.  Buyers are afraid of buying a home that is going down in value on a daily basis.

The housing market mirrors the uncertainty in the stock market.  If a buyer stays in both markets for the long term (in excess of 5 years) they can ignore the volatility.  This is the time to buy in both markets….as long as one is willing to purchase stocks for cash and homes with non-creative financing.

Date posted: 10/10/08

Rich's License 2010.pdf

Rich's Resume.pdf

E O 2009.pdf