Even Santa is surprised by the behavior of banks.
Manteca south of the Highway 120 Bypass could add 6,058 homes over the next 15 years between four projects that are at various stages in the entitlement process.
Almost a fifth of Manteca's single family homes that are in existence today have sold in the past three years.
It is still happening.
A 1,482-square-foot home with three bedrooms, two bathrooms, dual pane windows, new interior paint and a large backyard sold for $400,000 in the 300 block of North Powers in April of 2006.
Every 13 hours plus a few odd minutes for the past 34 months in Manteca an existing home has closed escrow.
The Manteca housing gods must be crazy.
It is one of the enduring myths of the housing bubble bust: New home construction is driving down the price of resales in Manteca.
Growing up in our valley, I loved fog! Because fog for us represents the changing of a season. It meant "red cups" are coming back to Starbucks, turkey will become a meal staple for a week and Christmas is around the corner. But a "foggy" or "gray" understanding of our real estate market can make for a great deal of anxiety.
Florsheim Homes has a solid reputation for building quality and providing homes that fit well into customers' lifestyles and needs.
"Sorry, no free houses." - Glenn Schorr, an analyst with Norton Securities International in a research report sent to clients concerning the foreclosure moratorium
Springtime Estates is part of a series of small, semi-custom and custom neighborhoods east of Highway 99 that for years has drawn strong interest from long-time Manteca residents looking to move-up.
The hottest trend in Manteca's new housing market besides value pricing can be summed up in "one" as in one-story homes.
The topic of many water coolers today, and for that matter the last 5 years has been and still is real estate. The subject though has changed as of late to the question of, "Are we really headed for a double dip?"
Every market is different.
If you know a senior homeowner who is running out of money, a reverse mortgage might generate enough cash to allow them to stay in their home for many more years. Last fall, the Federal Housing Administration created new rules, and opportunities, for lower-cost reverse mortgages. Now that most lenders have launched these new products, it's worth an updated look.
When the weather conditions are just right, a relaxing evening spent on the porch or patio is perfect for enjoying good company and the beauty of the outside world. Wouldn't it be nice to enjoy these comforts regardless of the season?
In the fashion and design world, alternative materials that emulate high-end looks are trendy not only for their lower price point and low maintenance qualities, but thanks to advancements in design and technology, are often hard to differentiate from the real thing.
Now is the season for enjoying backyard BBQs and poolside parties with friends and family – not being trapped in the house for pre- and post-party cleaning. With a little planning, you can minimize time spent on daily chores and maximize time spent soaking up the sun and creating memories with guests.
When thinking about your dream kitchen, what finish style of cabinets come to mind? Is it rich dark stained cherry wood? Maybe a clean, crisp white paint? Do you picture yourself having a rustic kitchen complemented by different techniques?
WASHINGTON (AP) - The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers.
The biggest price rebound for housing in the Manteca market is also still the most affordable - the Cherry Lane Condos along Union Road.
SAN DIEGO (AP) - California home sales continue to climb - with the October sales tally reaching the highest it has been for that month in two years, a research firm said Thursday.
WASHINGTON (AP) - Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.
Ever since humans stopped dwelling in caves and started living in huts made of tree branches, wood has been an indispensible structural and decorative residential material. Man's house-building relationship with wood - historically, culturally and experientially - is deep, long and universal. In part that's because wood is abundant, economical, durable and flexible. But our enduring love affair with wood is also due to the fact that, like us, each piece of timber is unique - its color, texture and grain are as individual as a human personality, so we keep discovering new aspects of its beauty and versatility to delight ...
To satisfy homeowners seeking to add a signature style to their indoor living spaces, more and more design professionals and builders are going back to basics and rediscovering the versatility, durability and good looks of cypress.
Prioritizing a home-improvement wish list is never easy. Do you put design and aesthetics ahead of functionality? Or do you choose comfort and convenience over energy efficiency and cost savings?
WASHINGTON (AP) - Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile apartment sector.
WASHINGTON (AP) - Average U.S. long-term mortgage rates continued to tick down this week, remaining close to yearlong lows.
WASHINGTON (AP) - The Federal Housing Finance Agency has yet to deliver on changes to a controversial type of homeowner's insurance even as its director told the Senate Banking Committee on Wednesday that it's making progress.