The San Joaquin Valley has been experiencing lower interest rates for the last couple months. Some realtors are urging potential home owners to invest into the market while rates are low.
- Interest rates rise during the summer months and lower during the winter months.
- Some realtors suggest this is the best time to buy
- Gary found 2023 rates were more steady compared to 2024 up and down rates.
BROADCAST TRANSCRIPT:
The housing market can be affected by many things like elections, season changes, and construction in the city. Im Eric J Dockery your Bakersfield neighborhood reporter. The city of Bakersfield’s interest rate has declined in recent months to where it may be the best time to buy property.
Gary Crabtree the creator of the Crabtree report, tells me a good market is going to be steady, like last year (2023) he saw the median value, rise during the summer months and then go back down for winter. That compared to this year, where the value has fluctuated more dramatically…