Don't look now but the clock is ticking on the most affordable housing era in post World War II Manteca history.
Out-of-state investors who have savvy are treating Manteca foreclosures as the deals of the century.
The Cherry Lane condos are on the verge of making Manteca history.
Rents for Manteca homes have dropped 15 to 20 percent across-the-board since the start of the year.
The countdown has started.
Four years ago this month only one home sold for less than $300,000 in Manteca.
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.
There are various yardsticks to judge a neighborhood before you buy - the overall cleanliness, low crime rates, and amenities such as plenty of walking paths.
Spring season is a time of regeneration and renewal as you prepare to bring life back to your lawn and garden. Taking the proper steps after seasonal changes or severe weather conditions can prove to be the difference between creating a breathtaking landscape or an outdoor space with unsightly mishaps. By following a few simple steps, you can take pride in your backyard year after year.
Warmer weather means days spent in the backyard with barbecues, pool parties and neighborhood gatherings. This year, create a more satisfying and sustainable outdoor living space that you'll feel extra good about by going "green." With some expert advice, it's easier than you think.
Hairdryers, toothbrushes, combs, hair brushes and picks. Shaving utensils, makeup, styling products and perfumes. The collection of grooming and beauty tools cluttering the bathroom vanity can quickly overwhelm everything, making the space unusable for guests and creating difficulty in finding the tools you need.
Turlock Realtors continued a philanthropic tradition of supporting education with the Betty McCoy Scholarship Fund.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.
SAN DIEGO (AP) - California home prices surged to a six-year high in March amid lackluster sales at the start of the traditional buying season, a research firm said Wednesday.
One owner homes often have tender loving care making them in some cases either on par or better than a new home.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.
Once at rock bottom, interest rates have ticked up slightly in recent months. Still, the prospect of refinancing a mortgage remains attractive. Interest rates are projected to rise to 5 percent or above by August 2014, according to an August 2013, Freddie Mac study.
Investing in home improvements is a smart idea when you're thinking of putting your home on the market. So where is the best place to spend your money?
It is the cleanest neighborhood by far in Manteca and perhaps in the entire 209.
WASHINGTON (AP) - These are good times for U.S. landlords. For many tenants, not so much.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.
WASHINGTON (AP) - Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.