Local knowledge works in your best interest…
And so do we!
Call 559-642-3610 today for your
FREE home Evaluation!
BASS LAKE FOR SALE! LITERALLY..
November 5, 2020
PG&E Will Seek Buyer for its Crane Valley Hydroelectric Facilities in Madera County
FRESNO, Calif. – Pacific Gas and Electric Company (PG&E) today announced that it plans to sell its Crane Valley Hydroelectric Project in Madera County. This includes the dam that forms Bass Lake and PG&E lands on portions of the lake, which are protected by a conservation easement. A new owner would also need to comply with the license conditions, which include provisions for public recreation.
Click here for further details..
2020 Election Special
The election results have yet to be finalized, but there is a lot we already know about how the next few months of the housing market will play out in California.
While each candidate offers a different set of policies that will impact the housing market, it is also important to note that the Presidential election is largely about defining the rules of the road.
How will Fannie Mae and Freddie Mac be operated? What types of Governors will be appointed to the Federal Reserve? What are the tax policies that will be pursued and how will those favor or disadvantage housing relative to other types of investments? Do we offer first time homebuyer tax credits or not?
When it comes housing market over the short run, the trajectory has (mostly) already been set by the economic environment. When it comes to predicting the behavior of either prices or sales using a statistical model, the key drivers are the fundamentals of the household’s personal and financial situation.
Indeed, once you control for the basics like: “Do I have a job?” “Are home prices rising?” “Has my income gone up?” “Did I get married?” “Did I get divorced?” “Did I have a kid?” “Are interest rates low?” “How’s the economy doing?” and others, the effects of a presidential election lose any predictive value.
In addition, there are real reasons to be optimistic about California’s housing market during the re-mainder of 2020 and for 2021 regardless of who ends up winning the election. First, home sales continue to rise by double-digits relative to 2019 levels and our pending sales index suggests that California will maintain a 10% + pace through at least November.
Weekly closed sales remain unseasonably strong through the end of October and our forecast calls for even more home sales in 2021 – hitting the fastest pace of sales in 5 years.
Home prices continue to set new records as well due to robust demand amidst interest rates that have never been lower. Whether measured with requests for private showings on Showingtime.com, purchase mortgage applications, or PEAD forms being filled out, there are many more buyers than homes available for sale. In fact, one silver lining for real estate from the current crisis is that the pandemic has made our homes valuable to us than ever before. Not only did our California Housing Sentiment Index (a monthly survey of roughly 1,000 Californians) show the percentage of respond-ents telling us that it was a good time to buy a home hold steady—it actually increased with the onset of the crisis.
Since we began surveying consumers more than 30 years ago, homeownership has always been synonymous with the American Dream. A majority of Californians regularly, and consistently, report that homeownership is either very or extremely important to them. More than half find it at least somewhat important—even in our most recent survey and even amongst millennials and younger households. Many families are still struggling with the effects of the recession and will continue to do so.
However, many others have found themselves with an increased need for housing coupled with the flexibility to be able to pursue that American Dream of homeownership now that they are able to work remotely.
Thus, even as political uncertainty will likely dominate the headlines for this week, the stage for hous-ing in the rest of 2020 and the first half of 2021 has already been set. The eventual winner of the presidential election will undoubtedly put his stamp on the trajectory of U.S. policy in the future, but for now, California is still in an environment with a gradually healing economy, low rates, lots of buyers, and not enough homes.
Madera County Election Results
MADERA COUNTY – Nov 13, 2020 – Madera County currently has 67,743 registered voters with 52,678 ballots cast in this election resulting in a 77.76% turnout. Below are the current results for Madera County elections 2020.
Governing Board Member Bass Lake, Area 1 – Bill Atwood 66.99%, Brian J. Stewart 33.01%
Governing Board Member Bass Lake, Area 4 – Steven R. High 53.49%, Ryan Madaus 46.51%
Governing Board Member Bass Lake, Area 5 – Ronda L. Clarke 63.34%, Patrick Neil Althizer 36.66%
US Repentresative District 4 – Tom McClintock 66.28% , Brynne Kennedy 33.72%
Member of the Assembly District 5 – Frank Bigelow 100%
For a complete breakdown of how Madera County voted as well as detail for all races above click here.
RE and COVID
As California moves through the stages of COVID reopening, you may find this list of local restaurants and businesses helpful if you come up to the mountain area. Click here..
Remember, if you are planning a trip to the mountain area, click here for a list of restaurants currently offering curbside / take out service, open shops, & open beverages.As questions arise, feel free to call, text, or hit reply with any questions so that we can all remain safe while meeting your real estate requirements.Call, text (559) 658-1784, or hit reply with any questions!
YOUR Bass Lake Realty Team
Bass Lake Realty Inc
Serving You Since 1970
Real Estate Sales
+1 (888) 220-8633
+1 (559) 642-3610
PO Box 349
54335 Rd 432
Bass Lake CA 93604
DRE License Number 01477156