
May 4, 2003
Price Hunting Home Buyers
Go online to Click-n-Search
By Howard Hobbs Ph.D., Real Estate Economist
House hunting
on the Internet for single homes and multi-family units
has become the hottest new toy in the Valley real-estate
market in past few days.
Widespread use of Web access by potential home buyers is
a major information bonanza dished-up by local real estate
vendors and brokers who are experiencing marked expansion
of listings and sales this week.
The home of your dreams is just
a click away. Case in point, Fresno Realtor, Larry Hawkins.
His Web site is the first to offer the Fresno area Multiple
Listing Service to online home-hunters. The MLS was originally
accessible only to realtors who paid to use the service.
The Internet is making a
surprising impact on sales this week in the San Joaquin
Valley. Especially in the Fresno-Clovis home market.
Analysis of this trend leads
to one conclusion - prime movers are looking for upscale
communities with access to at least one major interstate
freeway system.
Major retailers use these
communities as distribution points to transport products
to major urban markets quickly and cheaply.
Such areas also are home
to other businesses which can make good use of side roads,
highways and rail systems adding to the community's attraction
to business and housing expansion. Major trucking firms
have traditionally invested heavily in the infrastructure.
This area of the San Joaquin Valley
has become one of the fastest expanding local economies
in the West. Small and medium size employers have reported
little trouble this Spring in attracting a trained labor
force.
The Central Valley has experienced
some decline in the area's agricultural work force as a
result of increasing mechanization. This appears to be
tied, in part, to workers moving from ag jobs to industrial
work that pays hourly wages of $15 to $17, including incentives,
according to the latest U.S. Labor Department stats just
out this week.
Rural counties that are located
on or near major interstate freeways like the Clovis-Fresno
Highway 168, 198, and 99 attract major firms. The County
is booming, drawing trucking, auto-parts, and other major
retailers.
Widspread use of Internet access
by potential home buyers is a major information bonanza
from local real estate vendors and brokers who are experiencing
marked expansion of listing and sales this week.
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by The Fresno Republican Newspaper.
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