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Fresno's real estate market is quietly growing and often overlooked next to California's coastal cities. This Central Valley city offers much more affordable housing than Los Angeles or the Bay Area, attracting buyers willing to live away from the coast.
Home prices in Fresno have risen in recent years, but growth has been moderate, driven by local jobs and folks moving in from pricier parts of the state.
Unlike the coastal frenzies, Fresno's market doesn't see wild bidding wars. A good home priced right might get a few offers, but buyers usually aren't in a cutthroat race. Sellers have seen values go up, but they know it's a price-sensitive market - overpricing can leave a home sitting.
With higher interest rates, the pace of sales has cooled slightly, giving buyers more breathing room than during the peak frenzy. Foreclosure listings appear occasionally but aren't widespread; Fresno didn't have a huge boom, so it's not seeing a big bust. Overall, Fresno's housing scene is defined by slow, steady progress and a level of affordability that's refreshing for California.
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