In the News

April 23, 2009

Customers must use lenders' title companies at higher cost.

In a way, the real estate market is burning as hot as it was three years ago.

Five hundred and forty-four homes were sold last month, according to figures by real estate analyst DataQuick. In March 2005, 589 homes were sold, the beginning of that autumn's crest.

Today's market, nonetheless, is dramatically different. Homes sold are almost always foreclosures. The median price has fallen to $105,000, almost a fourth of what it was during the market's peak.

August 13, 2008

About 1,000 freshmen expected when school starts; Valley has room for them all.

Without much fanfare, UC Merced has been making great strides. We hear the university's greatest concern lately is where to house all the incoming freshmen. It's a great problem to have.

The university should have about 1,000 freshmen landing at the school at the end of the month. The campus only has room for about 800 in the dorms.

Do we have a housing shortage in Merced? Is that even possible?