Archive By Section - HOME SCENE
Housing tax credit: Will they extend it?
The countdown has started. There are now 31 days left until arguably the most effective part of the stimulus package – the $8,000 federal tax credit for first-time homebuyers - expires at midnight on Nov. 30. Only those in escrow with homes being bought by qualified buyers at that time will receive the tax credit. One would hope our Congressman Jerry McNerney who has the distinction of having the nation's worst region for foreclosures as ...
FIRST-TIME BUYER FRUSTRATIONS
Four years ago this month only one home sold for less than $300,000 in Manteca. It was a two bedroom, one bathroom house with about 800 square feet on a narrow lot with less than 3,000 square feet in Central Manteca near Lindbergh School. It sold for $295,000 As of Monday this October, 44 homes have closed escrow in Manteca with all but seven being less than $300,000. Among them is a home that sold ...
What goes down will also go back up
Fifteen years ago, the average home on the resale market in Manteca closed escrow at $125,000. It was $390,000 in 2005. The market peaked at $413,000 in 2006. Today the average closing price in the Manteca resale market is $178,044.
The new Manteca numbers game
Now that it is clear the tsunami known as the mortgage meltdown has swept through the Manteca housing market it is safe to start thinking about long-term recovery.
Ready to move in home for $147,000
Tired of looking at homes in less-than-move-in condition? Would you like an existing home that doesn't need a ton of money put into it? Are you wondering if it is possible today to buy an existing home with a new roof, green grass, new kitchen appliances, new counters and cupboards in the kitchen, new tile, new carpet, new landscaping, new carpet, and even new sinks in the bathroom? You can get that and more for ...
The bottom of the Manteca market
You can own your own home in Manteca for less than $550 a month and not have to sink a lot of money into the foreclosure you're buying.
A home’s value versus its worth
Why, the reader asked in an e-mail, are you still in your home if you paid $189,900 for it in March 2008 and the assessor says it is worth only $102,000 as of Jan. 1, 2009?
Has bottom arrived in Manteca?
Two years ago this month there was a record 625 resale homes available in Manteca, Ripon, and Escalon. Of those, more than 250 were foreclosures including almost 180 in Manteca.
Mobile homes offer another housing option
Four years ago it wasn't unusual for a mobile home in a park like Manteca's El Rancho Estates to sell for $180,000.
No one said it would be easy
Editor, Manteca Bulletin, This letter is in regards to your August 14 article in the Home Scene paper. I don't know where you get your information. It is not that easy to buy a home in Manteca. Here is what we have learned while trying to buy a home: 1. Banks do not want FHA or USDA offers. They want cash or conventional with 20% down. 2. You always have to offer more than the ...
The $101,000 home vs. $176,250 home
The median resale price of a home today in Manteca is $176,250. The last time the median was that low was in 1999. Even so, a large chunk of the Manteca the market is acting like it is 1991. A spot check of closed escrows shows some startling "dips" in terms of what some three bedroom and two bathroom homes are selling for versus the rest of the market. And – surprisingly – it has ...
Buying a home on $9.60 an hour
Are you making at least $9.60 an hour at a 40-hour-a-week job to generate a gross annual income of $20,000?
It’s weird time for resale market
Buyers are coming over the Altamont Pass again. However, it isn't the Bay Area buyer of yesteryear. They are bringing cash – and conventional loans with sizeable down payments – and a lot of them aren't buying to own. Realtor after Realtor contacted by the Bulletin agrees on one thing – the Manteca housing market has gotten progressively weirder in the past six months and that first-time buyers need to expect to make numerous offers ...
The new reality
There are those who are still in denial that their homes are no longer the equivalent of a Bureau of Engraving printing press.
Montage solar expo & grand opening
Some of the most energy efficient homes in the Central Valley are now being built in Manteca. Standard Pacific's Montage and Montage II neighborhoods in the popular Woodward Park area south of the Highway 120 Bypass in Manteca have built-in energy savings that significantly reduces the monthly cost of owning and operating a home. Buyers who purchase this year could be eligible for excess of $13,000 in tax credits including $8,000 from the federal government ...
Articles by Section - HOME SCENE
Ellen Paradiso’s 4-season garden is a quiet and peaceful hide-away
Ellen Paradiso's blueberries were bought during a clearance sale at Park Greenhouse nursery in Ripon.
Buying tips to keep in mind as housing market warms
Ready to buy your first home, or move up to a larger home for your expanding family?
Reserve home mortgage can be good option for many seniors
Do you know that if you are 62 years or older you may be able to buy a house or a condominium using a reverse mortgage? A reverse mortgage allows you to get money from a lender, but you do not have to pay it back (or make any monthly payments) until you sell or die.
Homebuilder confidence rises in May from April
NEW YORK (AP) - Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.
Rate on 30-year mortgage fixed loans rises to 3.51 pct.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing.
Housing starts fell during April
WASHINGTON (AP) - U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month.
What are pros & cons of buying rental property?
Hello Real Estate Boys: My wife Bambie, and yes she is a dear, recently lost her parents to an accident and we are in the middle of closing out the estate with one of Turlock's wonderful attorneys. I suppose at this point I should say Bambie was an only child and will inherit her parents' entire estate. While the estate is not huge it will give us a very nice sum of cash soon. The ...
Four new-home trends that can work for your remodel
Builders are back in business, and new-home construction is up in areas across the country. So is remodeling, as plenty of Americans choose to stay put and upgrade their current homes rather than tackle the challenge of buying and moving into something new.
Give your home a fresh look with color
A fresh coat of paint can give any room an instant lift, making it a great solution for converting a space from drab to fab.
Manteca Garden Tour features 6 gardens
Six residential gardens in Manteca will be showcased in the 2013 Manteca Garden Tour which will be held on Saturday, May 11, the day before Mother's Day. The date makes this event a perfect Mother's Day gift for mothers, grandmothers, and sisters who either have green thumbs, have a penchant for gardening, or are simply interested in enjoying a visual feast of lush and colorful private Edens. The tour is the club's only fund-raiser during ...
Sell your home faster with cost-effective staging tips
Appearances count, especially when you're trying to sell a home. Even though the housing industry experts predict this spring will be a seller's market, it's important to grab every advantage when you're trying to sell your home. Staging - decorating a house to appeal to the broadest possible range of buyers - can make the difference between a quick sale or a long, painful linger on the market.
Fewer California homes heading for foreclosure
SAN DIEGO (AP) - The number of California homes entering the foreclosure process plunged to a more-than-seven-year low this year thanks to rising home prices, an improving economy and new laws designed to protect homeowners, a research firm reported Tuesday.
Manteca condo prices increase slightly, still 75% off market peak
It was the hottest buy in town.
New-homes sales rise 1.5 percent in March to 417K
WASHINGTON (AP) - U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season.
Add low-cost living space with outdoor room
Adding living space to your home can be an expensive prospect. However, creating an outdoor room is a budget-friendly option that gives you more square footage, as well as additional opportunities to enjoy the season. As an extension of the home, outdoor rooms with decks or pergolas can be personalized to truly bring indoor comforts outside for relaxation and entertaining.
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