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. That's been the advertising mantra of the National Association of Realtors for the past several years. It is something to keep in mind given the sudden dive in sales in many parts of the country. While it isn't exactly "happy days are here again" in Manteca, Ripon, and Lathrop the number of resale homes closing escrow has barely dropped. In many spots nationally the sale of existing homes has dropped by ...
Are short sales good for Realtors and bad for homeowners? That question was actually derived from a statement that was posted on a social networking site last week. The homeowner was responding to a video link of my business partner explaining the difference between the purchase process of a foreclosure compared to a short sale. Some statements that were made included, "Short sales are just as bad as foreclosures for properties..." and "(Short sales) further ...
Why go with a foreclosure where you have to spend upwards of $30,000 to update it when you can find a similar home placed on the market by an owner who is not under duress that already has the upgrades in plus has a swimming pool and is in move-in condition?
If you have a FHA insured loan - and virtually all first-time buyers who have purchased homes in Manteca during the last three years have them - you might just want to take advantage of the one-time ability to streamline your loan.
Foreclosure cancellations are at an all-time high in California. Lenders in Jane cancelled almost 22,000 foreclosures. That seems like good news for three possible reasons: •More short sales are going through. •Loan modifications are working. •Banks are extending the time they are willing to work with delinquent borrowers. The number of foreclosure cancellations is up 153.19 percent in year-to year comparisons and 27.09 percent above May levels. Don't break out the champagne yet. While foreclosures ...
Last week I started a two part article telling my personal short sale story. Like I stated last week, I thought I would share with you my story to let you know one major thing that a lot of Realtors fail to mention to their clients but they long to hear: "You're not alone!" "I have actually been there!" "You will make it through, I did!"
With all the news about interest rates and mansions selling for the price of shacks, many people are asking themselves, "Is now the time to sell our home?" The answer to that question depends heavily on your situation.
How do you determine when it is the best time to buy a home? Would it make the most sense to wait until you're sure the market has hit bottom? Those two questions are among those that fence sitters typically ask themsleves. You can talk until you're blue in the face about the rates being extremely low and affordability being at the best level in a decade especially when compared to income and it still ...
Our local real estate market and community owe a great deal of gratitude to the Builder Generation, a group of active adults who are doing more than their part to stabilize our local housing market. In a time where our seniors have been almost disregarded in our culture, it's good to live in a community that not only supports our seniors, but also places an emphasis on their importance.
If you close your eyes and think of the word "foreclosure", what are some images that come to mind? Some see outwardly expressed imagery such as six foot high weeds, dry and dead lawns, papers taped to windows, spider webs and other pictures that remind you of the opening scenes of an old black and white scary movie panning into the haunted mansion. The only problem is that haunted mansion is found all over our southern San Joaquin community.
When most people hear the phrase "loan modification" there are a multitude of images and emotions that flood the brain; skepticism, hope, desperation, lonely, gamble, fear and maybe even a "yeah right"! I have often said that it's easier to catch a Leprechaun at the end of a rainbow than receive a permanent loan modification.
The day of great deals are numbered. Just like any over economic movement, The Great Recession accompanied by liar loans that created the mortgage meltdown, must someday come to an end. A study by the Ebhardt School of Business at the University of Pacific noted that sometime in 2009 population growth exceeded housing growth in San Joaquin County. The last time that happened was in 1996. Three years later home builders aren't able to keep ...
By DENNIS WYATT Managing editor of the Manteca (Calif.) Bulletin Villa Ticino is Manteca's little Switzerland. It's a neighborhood where you'll find names such as Geneva Way, Matterhorn Street and Zurich Drive. The homes built by Frontiers even had a whimsical Swiss touch assuming American-style developments with lots bigger than 6,000 square feet and homes bigger than a baron's castle in the heart of European neutrality. Across town at the French Collection - a stylish ...
LOS ANGELES (AP) - Fewer U.S. homes are completing the foreclosure process and ending up repossessed by banks because investors are increasingly buying up properties when they go on sale at public auction.
LOS ANGELES (AP) - Fewer U.S. homeowners are falling behind on their mortgage payments, aided by rising home values, low interest rates and stable job gains.
DEAR BENNY: My mother and her boyfriend lived together for 18 years. He owned the house by himself. He has two surviving adult children. He always told me he wanted my mom to have everything. He did not have a close relationship to his children.
Boys: My husband and I have just made an offer to purchase a home and when we wrote the offer, we found out it must be approved by the court. The Realtor used the word "probate." Our Realtor could not give a clear picture of what's going on or what is going to happen. Can you Real Estate Boys come to the rescue and explain what in the world we've gotten ourselves into with this purchase?
WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose for the second straight week amid some signs of economic strength. Still rates remain near historically low levels.
SAN DIEGO (AP) - California home sales and prices were fairly flat in October compared to September, but other figures indicate a market that is slowly regaining its health after a yearslong slump, a research firm reported Wednesday.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose slightly last week but remained near historically low levels.
WASHINGTON (AP) - Fannie Mae and Freddie Mac posted strong earnings for the July-September period as the housing market continued to recover. The gains will enable the mortgage giants to finish repaying their taxpayer aid or come close to doing so five years after they were rescued by the government.
Every holiday party is as individual as the hosts and interesting as the guests. Yet whether you plan a sophisticated dinner party or an afternoon buffet, all parties do have one thing in common: the need for entertaining space.
Homeowners will pay 13 percent more this year to heat their homes with natural gas, the U.S. Energy Information Administration predicts.
WASHINGTON (AP) - A measure of U.S. home prices rose only slightly in September from August, a sign that prices are leveling off after big gains earlier this year.
Q: I haven't noticed this issue in your column. My neighbor's townhouse smells! When she has her windows or doors open, the odor is so overwhelming that I am unable to be outside or even have my windows open. This past summer, the smell was even drawn in by the air conditioner. I've had guests suddenly cover their nose and comment on the smell so, it's not my imagination.
Many triggers can affect our moods. From sights to sounds to smells - it's a sensory experience that we don't seem to have much control over. Or so we used to think. But with more research being done on exactly how these elements might affect our stress or happiness levels, we now have better insight on how to enhance our mood. This is good news for those looking to make home improvements.
When looking to transform your home, elements such as doors, ceilings and trim are perfect places to add color. These architectural details can create a wow factor with well-placed splashes of color.
Hey Real Estate Boys; This should be a quick and easy question for you boys. Sometime in April or March the market picked up, as you both reported, and we seemed to have a resurgent market all of a sudden. Well, the end of the summer, say July, I saw signs sitting a lot longer in front yards. Then looking at the closed sales in another newspaper, the sales seemed to have dropped or stopped ...