The Manteca housing gods must be crazy.
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,
Homes that qualify for FHA mortgages are in high demand.
Mid-century modern inspiration draws from the 1940s through the 1960s, a twenty-year span when design was sleek, elegant and functional. Although the style originated more than 70 years ago, this trend has resurfaced with a fresh revival.
Efficiency is the name of the game these days. At the office it comes into play in processing work quickly and at a lower cost. At home, efficiency means being able to get the household and landscaping chores done so you can spend time with the family.
When choosing a focal point for a room, designers and homeowners alike often plan for a single feature - windows, TVs, artwork, or fireplaces - to take center stage. However, the explosion of flat screen TVs for every room in the home has created a debate - can you really have more than one focal point?
You've probably heard the saying: "Your home is your castle." But if your current home - or the home you're thinking of buying -feels more like the servant's quarters than the royal palace, you may need to plan a renovation. At times like these it's easy to give in to your excitement and get the project moving forward, but take a moment to plan your overall strategy. You'll find that, much like your future castle, your renovation project will benefit from a solid foundation.
WASHINGTON (AP) - Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.
LOS ANGELES (AP) - The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit.
WASHINGTON (AP) - Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.
Ah, the good old days before Proposition 13.
LOS ANGELES (AP) - These homes are set apart by their amenities - for dogs.
Whether you're beautifying your landscape with a lawn mower and hedge trimmer or using a chain saw to clear space for that deck you've always dreamed of, it's important to take proper care when using outdoor power equipment. Safety measures help protect both the equipment and the people using it.
It's the perfect time to think green.
Your kitchen doesn't need a Matterhorn vista to stay on top of the latest "chalet chic" design trend. It's easier than you think to get this style by mixing rustic pieces with modern touches.
Summer is the ideal time to host events at home with family and friends. But is your home ready for summer soirees? The kitchen is the heart of the home and where people naturally congregate, so it's important it showcases your signature style and reflects the relaxed feeling of the summer season.
WASHINGTON (AP) - Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.