Merced housing prices are growing the fastest in the Valley, report says. Here’s why

US home sales fell 0.4% in April amid limited supply Modesto real estate attorney indicted in alleged short-sale fraud In addition, a modesto real estate attorney was federally indicted for charges related to short sale fraud. Furthermore, the Real estate fraud unit recently received a complaint from the california state bar alleging an Oakdale attorney stole over $180,000 from a client.WASHINGTON — U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors said Tuesday.

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*Information for Merced County’s Housing Market Report was compiled by the California Association of REALTORS, with Multiple Listing Service (MLS) data for Merced County provided by CRMLS. CRMLS is the MLS vendor for the Merced County Association of REALTOR.

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All over Merced, houses are going up, but it’s still not enough. City officials are trying catch up with the demand, and just this year they’ve issued more than 640 permits to build single family homes. That’s the most they’ve issued in more than a decade. See Also: Merced housing prices are growing the fastest in the Valley, report says.

We used the model to estimate the amount of housing that-had it been built between 1980 and 2010-would have kept California’s median housing price from growing faster than the nation’s. Under this approach, California’s median housing prices still would have grown between 1980 and 2010, but the rate of growth would have been slower.

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The report shows that the long-term trend of steady population growth has. for Merced County, attributed the fast growth to stepped-up housing construction, lower housing prices and the fact that the. “The San Joaquin Valley as a whole is really primed to be California's next frontier,” Hendrickson said.

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