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The median sale price for existing single-family homes in the Bakersfield area was $130,000 in January, down 3.7 percent from December but up 2.4 percent year-over-year.
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A state assemblyman has introduced legislation aimed at easing and simplifying property tax payments.
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With about half of all mortgaged homes in the Bakersfield area stubbornly under water, a critical deadline is looming that hardly anyone seems to know about.
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Real estate experts are issuing year-end reports on the 2011 housing market, and by all accounts both the Bakersfield area and nation as a whole are on a heartening but agonizingly slow road to recovery.
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Home sales in the Bakersfield area were slow in December, which is typical during the holiday season, but there are still signs that bode well for the long-term health of the housing market, according to the Preliminary Crabtree Report, a monthly gauge of the local housing market prepared by Affiliated Appraisers.
