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.
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.
Tired of looking at homes in less-than-move-in condition?
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.
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?
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.
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.
Editor, Manteca Bulletin,
The median resale price of a home today in Manteca is $176,250.
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?
Buyers are coming over the Altamont Pass again.
There are those who are still in denial that their homes are no longer the equivalent of a Bureau of Engraving printing press.
Some of the most energy efficient homes in the Central Valley are now being built in Manteca.
The South County real estate market is beginning to look more and more like a bad sequel to the 1963 treasure hunt farce entitled "It's a Mad, Mad, Mad, Mad, World."
"Keys for cash" may sound like a game or a big money giveaway but it isn't.
Homeowners, builders and remodelers are always looking for innovative and new ways to enhance existing spaces during home makeovers and room renovations.
Fifty-six percent of adults who completed home improvements in the past year spent $1,000 or more, according to The Scarborough Report. Next time you're faced with a home improvement project, instead of wasting money throwing away fixable objects or hiring professionals for quick and easy repairs and improvements, keep these money-saving tips in mind. Here are five simple life hacks to help you throughout your entire home and trying one just might make you $40,000 richer!
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell after three weeks of increases, edging closer to historically low levels.
While cooler temperatures slowly fade, gardeners across the country eagerly await the arrival of spring - and the chance to get outdoors and grow something. If gardening is your passion, you don't have to wait until the weather is perfect to get started. In fact, working ahead by growing your own seedlings is a great way to ensure your garden is successful throughout the warmer months.
With spring just around the corner, now is the perfect time to tune up your lawn mower for the season ahead. A yearly tune-up is important to ensure all parts of your mower are functioning properly and safely. Use these eight tips to rev up your engine and get your mower ready for spring:
To help get your lawn ready for use and enjoyment this season, the Craftsman brand has developed the following tips to ensure that your lawn kicks grass, takes names and becomes the envy of neighbors everywhere.
MADISON, Wis. (AP) - While tiny houses have been attractive for those wanting to downsize or simplify their lives for financial or environmental reasons, there's another population benefiting from the small-dwelling movement: the homeless.
When selling a house, the mantra for most is neutral, neutral, neutral. To help potential new owners envision themselves moving in, real estate experts remind sellers to de-personalize their homes. That means removing family photos and mementos and replacing favorite color schemes with more vanilla shades and hues. So as a new homeowner, how do you begin to de-neutralize your new house to make it your new home?
WASHINGTON (AP) - U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.
WASHINGTON (AP) - A surprisingly strong pace of new-home sales last month has boosted hopes that the spring buying season will be solid enough to lift the overall economy.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose for a third straight week as new data showed a surprisingly strong pace of new-home sales last month. Rates still remain near historically low levels.
WASHINGTON (AP) - Mortgage giant Freddie Mac posted net income of $8.6 billion for the October through December period, its ninth straight profitable quarter. Earnings were boosted by the continued rise in home prices, which reduced the amounts the company had to set aside to cover losses on mortgages.
LOS ANGELES (AP) - Many of the winners who will take home an Oscar on Sunday have long been forecast, their triumph made seemingly self-evident after months of anticipation. That is, except for one little category: best picture.
BISMARCK, N.D. (AP) - North Dakota's oil boom isn't just driving up housing prices at the epicenter. Getting a roof overhead is getting more expensive throughout the state, with the average value of a home sold last year topping $200,000 - up more than 20 percent from 2011, a real estate trade group says.
NMEW YORK (AP) - U.S. homebuilders' confidence in the housing market declined sharply this month as the severe weather battering much of the nation keeps many would-be buyers at home.