Archive By Section - HOME SCENE
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 ...
2009 wages & 1997 prices
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: Play poker at your own risk
"Keys for cash" may sound like a game or a big money giveaway but it isn't. Those who reside in a foreclosed home – renting or one they once legally owned – who get a knock on the door and try to up the ante are playing a no-win game "Keys for Cash" is the moniker given to the process where banks offer those occupying a home they have repossession of "x" amount of money ...
Two homes, 14 acres for $1.999 million
If you're looking for a country spread that is out of the future path of urban development yet within 10 minutes of amenities by a quick, smooth drive you may find it some seven miles south of Manteca.
$810K buys a slice of paradise
Two acres of paradise await buyers on Northland Road just north of Manteca. Not only is the California ranch-style home spacious with around 3,000 square feet complete with a pair of master suites and one of the largest family rooms you're going to find in a single story home but it also comes with over 80 trees, a swimming pool, a mobile home with a separate address and a long list of bonuses. That mobile ...
Property tax relief coming for some
If you bought a home in the past five years you will want to read this. Next month the odds are great some tax relief is coming your way from the San Joaquin County Assessor's Office. That's when state law requires them to reassess property values based on the home's value on Jan. 1, 2009. Even though property values have declined further since then, by law that is the assessment date. You should be getting ...
Style, luxury powering Summit sales
By DENNIS WYATT Managing editor of the Manteca (Calif.) Bulletin Amidst the gloom and doom Atherton Homes is selling a steady number of homes in the Summit Collection at Union Ranch. In recent months there have been 10 closings, 13 homes enter escrow and one lot reserved. It's not the go-go pace at the start of the decade but it is a surprisingly strong pace for today's market. How are they doing it? The answer ...
Chance to win $500 Pottery Barn gift card at free design seminar
How do they get those model homes to look so nice? You can find out Saturday, June 27, and it won't cost you a cent. In fact, you could leave with a $500 gift certificate. Pottery barn is teaming up with Atherton Homes to present a free design essentials seminar from 11 a.m. to 1 p.m. at the model home complex for The Summit Collection at Union Ranch at 2517 Edgebrook Lane of Union Road ...
The audacity of false hope
Much hullabaloo has been made over California's 90-day foreclosure moratorium that went into effect June 15.
Rising interest rates spook you?
Forget about the bottom of housing pricing. What really matters is how much a month that house is costing. That is why signs are everywhere that we've definitely hit bottom in the South County housing market. Here's why: •The price of the home isn't what matters the most, it is the monthly cost. And that cost is driven more by the interest rate than the price since when you're done paying in 30 years around ...
True country solitude for $399,000
Horse lovers – or those who like the idea of country solitude with stunning views from a home on 10.7 acres complete with a large pond – have an opportunity to buy real country property for $399,000.
Articles by Section - HOME SCENE
Sales of bank-owned homes hit 5-year low in 1st quarter
LOS ANGELES (AP) - Sales of bank-owned homes have plunged to a five-year low, the latest evidence that the nation's foreclosure woes are easing as the U.S. housing market recovery gains momentum.
Are we in a real estate market recovery?
Real Estate Boys: I keep reading that the real estate market is booming again. Time magazine, the newspaper from our north, TV and radio news are all reporting to get "in now, the market is heating up across the nation." Wasn't it just a short year ago you Boys, and it seemed everyone else, was reporting that maybe we haven't seen the bottom yet? Then in late in 2012, "Well, we've bottomed out, but the ...
Rebounding home prices help regain some household wealth for families
WASHINGTON (AP) - The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.
Home prices rise 10.9 percent, largest jump in almost 7 years
WASHINGTON (AP) - U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover.
Smart, stylish renovations for any age
Most Americans over 50 want to stay in their home as they age, but few are making the renovations they need to ensure easy and comfortable living for years to come.
Eight easy ways to organize - and maximize - a small bath
The bath serves a variety of uses, from a functional room to a serene sanctuary, a storage facility to a salon. And, whether you enjoy it yourself or share with the family, every bathroom is in need of one major thing - organization. To help keep your bath feeling more serene and less insane, follow these eight ideas to help improve your organization, maximize space and even add a bit of style.
Go-big upgrades that can help a lingering home sell
Everyone knows spring and summer are the best months in which to sell a home. If your house has lingered on the market, you may be eager to find ways to freshen its appeal for potential buyers. Perhaps you're even ready to go big and invest in upgrades that will improve the home's value, curb appeal and interior allure so much that potential buyers just won't be able to walk away from it.
Sales of bank-owned homes fell in 1Q
FORECLOSURE SALES: Foreclosure tracker RealtyTrac Inc. says 190,121 U.S. bank-owned homes or properties in some stage of the foreclosure process were sold in the first quarter. That's down 18 percent from the previous three months and 22 percent from a year earlier.
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