The countdown has started. There are now 31 days left until arguably the most effective part of the stimulus package – the $8,000 federal tax credit for first-time homebuyers - expires at midnight on Nov. 30. Only those in escrow with homes being bought by qualified buyers at that time will receive the tax credit. One would hope our Congressman Jerry McNerney who has the distinction of having the nation's worst region for foreclosures as ...
Four years ago this month only one home sold for less than $300,000 in Manteca. It was a two bedroom, one bathroom house with about 800 square feet on a narrow lot with less than 3,000 square feet in Central Manteca near Lindbergh School. It sold for $295,000 As of Monday this October, 44 homes have closed escrow in Manteca with all but seven being less than $300,000. Among them is a home that sold ...
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? Would you like an existing home that doesn't need a ton of money put into it? Are you wondering if it is possible today to buy an existing home with a new roof, green grass, new kitchen appliances, new counters and cupboards in the kitchen, new tile, new carpet, new landscaping, new carpet, and even new sinks in the bathroom? You can get that and more for ...
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, This letter is in regards to your August 14 article in the Home Scene paper. I don't know where you get your information. It is not that easy to buy a home in Manteca. Here is what we have learned while trying to buy a home: 1. Banks do not want FHA or USDA offers. They want cash or conventional with 20% down. 2. You always have to offer more than the ...
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 ...
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?
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 ...
There are those who are still in denial that their homes are no longer the equivalent of a Bureau of Engraving printing press.
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 ...
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 ...