HOUSING MARKET STAYS AFFORDABLE

The housing market in Bakersfield remains relatively flat as figures from April show a median price of $215-thousand, about 2% higher than a year ago.

Gary Crabtree of Affiliated Appraisers says the threat of increasing interest rates shouldn’t make much difference since they’re expected to only go up to around 4%.

Crabtree said there has been a recent increase in demand for houses locally but that’s normal for this time of year.

Sean Michael Lisle