Hilmar
Real Estate
Homes in California's Central Valley are higher than they should be, report shows
MODESTO — New homebuyers beware! A new report shows homebuyers in Modesto and Stockton, are paying around 30% more for their new homes than what they're worth.The report, done by Florida Atlantic University's College of Business, lists Stockton as the second highest for homebuyers. They are paying around 27% more than the "expected value" of the home. Sacramento ranked 7th, with an over 16% higher price than expected.A home on Kruger Drive is selling for close to the exact average price of a home in Modesto, around $460,000. The expected price is around $350,000 – a more than 30% higher...
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