Real Estate

100 more homes sold! See what people are buying on our weekly map

Our latest map for homes that sold in Bakersfield from Oct. 6 to 12 is ready for a peek.

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Homebuilding franchise opens in Bakersfield

A homebuilding franchise based in Australia is opening doors in Bakersfield next week.

More gloom in housing reports

Bakersfield — and all of Kern County — ranked as the seventh-worst market in the country for falling home values, a federal report released Tuesday showed.

Market snapshot: Prices falling below $100 a square foot

Bakersfield homes are now selling for less than $100 a square foot, a price point not seen since early 2004, November sales analyzed by local appraiser Gary Crabtree show.

Cheap, expensive homes all being sold! Check out our map

Our latest map for homes that sold in Bakersfield from Oct. 1 to 5 is ready for a peek.

McAllister Ranch decision postponed

A federal bankruptcy judge in Santa Ana postponed until February a decision on whether to allow Lehman Brothers to foreclose on McAllister Ranch and two sites in Riverside County, Bakersfield attorney Scott Belden said in an e-mail Thursday afternoon from the courthouse.

Appraiser connected to Crisp & Cole to contest allegations

Bakersfield real estate appraiser Kirksey J. “Mark” Newton Jr. has hired an attorney and plans to defend himself against accusations filed against him earlier this month by state regulators.

SunCal chief financial officer resigns

The chief financial officer of troubled Irvine developer SunCal Cos., Ed Nolan, has resigned to “pursue other interests,” he announced in a news release Thursday morning.

Facing foreclosure? Get help now

A free foreclosure counseling workshop will be held at 6 p.m. Monday at the southwest branch of the Kern County Library, 8301 Ming Ave., in Bakersfield.

Want to buy a home? Auction slated for Sunday

Thirteen Kern County homes will be among hundreds up for grabs at an auction in Fresno Sunday.

Lennar steps into McAllister Ranch bankruptcy

Will Lehman Brothers get to foreclose on McAllister Ranch?

Man gets creative to boot 'squatters' from mother's home

An Oregon man finally got a look at his elderly mother’s northeast Bakersfield house Wednesday, a day or two after people who had been living there without his consent vacated the property.

Home prices down, volume up

A trio of housing reports released Tuesday continued a trend of generally gloomy news for sellers and builders, though falling prices have spurred sales.

Want a house for $58K? See what's selling on our home sales map

Our latest map for homes that sold in Bakersfield from Sept. 21 to 28 is ready for a peek.

Cole's license revoked

Real estate agent Carl Cole’s bid to keep his license was denied Thursday by the California Department of Real Estate.

Castaic project in SunCal bankruptcy

A 4,000-home SunCal development in Castaic and three other projects were placed in involuntary bankruptcy by the Irvine developer Wednesday, bringing a total 15 SunCal developments into federal bankruptcy court.

How bad is it? See the latest home value stats from Zillow

More than half of Kern County property owners who sold homes in the past 12 months lost money, a new report from online real estate company Zillow.com says.

SunCal bankruptcies spread, $2.5 billion at stake

McAllister Ranch, southwest Bakersfield’s unfinished 6,000-home golf course community, now has plenty of company in bankruptcy court.

Home sale decline continues

The number of homes sold in the Bakersfield area dropped by nearly a third between August and September to a level more than 60 percent below their pace a year before, a report released Friday says.

One went for $1.25 million — See what other homes are selling on our map

Our latest map for homes that sold in Bakersfield from Sept. 15 to 21 is ready for a peek.

Solar gets unexpected boost

More residential rooftops could sport solar panels soon thanks to a surprise gift from October’s $700 billion bailout package.

Another appraiser could lose license

A second Bakersfield appraiser who performed work for the former Crisp & Cole Real Estate company has been accused of wrongdoing by state regulators, who want to revoke or suspend his license.

Crisp & Cole appraiser slated for state discipline

State regulators want to revoke or suspend the license of Bakersfield real estate appraiser Kirksey J. “Mark” Newton Jr., owner of San Joaquin Appraisals Inc., a complaint served Monday shows.

Seeking a deal? Home auctions come to Kern

Oildale homeowners Owen Hawks and his wife, Carrie, had a very specific goal in mind when they showed up to a live home auction Tuesday night at the Rabobank Arena.

McAllister Ranch set for emergency hearing on upkeep

McAllister Ranch’s bankruptcy trustee has cast a critical eye on the relationship between Lehman Brothers Inc. and SunCal Co., court filings show — especially the $144 million cash “dividend” the companies received from a development loan that later defaulted.

Homes selling for as low as $50,000! See it on our map

Our latest map for homes that sold in Bakersfield from Sept. 8 to 14 is ready for a peek.

Local defaults inch up, foreclosures decline

Kern County’s default filings inched up in October compared to September’s tally but still remain artificially low, the latest report from the Kern County Recorder’s office shows.

Bakersfield home prices fall again in October

Bakersfield’s median price for existing homes fell 35 percent in October compared to the previous year, according to the Preliminary Crabtree Report released Monday.

Lennar owed $22 million by SunCal

Lennar Homes has a $22.7 million stake in the McAllister Ranch bankruptcy case, recent court filings show.

Facing foreclosure? Self-Help providing guidance

Homeowners in financial distress can attend a free foreclosure counseling workshop at 6 p.m. Thursday at the southwest branch of the Kern County Library, 8301 Ming Ave. in Bakersfield.

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