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,
The median resale price of a home today in Manteca is $176,250.
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.
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.
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" may sound like a game or a big money giveaway but it isn't.
NEW YORK (AP) - U.S. homebuilders lost a little confidence in the housing market this month but remain generally upbeat ahead of the spring home-selling next season.
WASHINGTON (AP) - House Speaker John Boehner said Thursday that the GOP-controlled House won't take up legislation aimed at neutering a 2012 overhaul of the federal flood insurance program that is hitting homeowners with big premium hikes.
DEAR BENNY: I am having problems with my mortgage. I fell on some hard times lately and fell behind on my mortgage payments. My mortgage lender has been dragging this out for over a year. I have been set up on two separate trial payments and made them both with no problem. Now my loan has gone into foreclosure. The lender keeps telling me that I am under review. Can you tell me what options I have to try to keep my home? --Hodges
SAN DIEGO (AP) - California home prices rose in December while tight inventories kept a lid on sales, a research firm reported Wednesday.
WASHINGTON (AP) - Average U.S. rates for fixed mortgages declined this week, edging closer to historically low levels.
It is costing me just $52 more a month to buy my own home in Manteca when all is said and done than if I was still renting a two-bedroom, one-bathroom apartment at Laurel Glen.
With new home trends emerging, it's an ideal time to collect ideas to inspire your next home improvement plans.
PALO ALTO - Master baths top most homeowners' lists and four in ten will be skipping the tub (43 percent), according to the Winter Houzz Bathroom Remodeling Survey of more than 7,500 Houzz users who are in the midst of, or are planning, a bathroom remodel. Houzz ( www.houzz.com ), the world's leading platform for home remodeling and design.
ARLINGTON, Va. (AP) - Another buyer might not have flinched at the idea of demolishing the tiny 1920s house in Lyon Park, with its two bedrooms, single bathroom and basement built for dwarves.
WASHINGTON (AP) - Average U.S. rates for fixed mortgages barely changed this week, hovering near historically low levels.
WASHINGTON (AP) - U.S. home prices barely rose in November from the previous month and year-over-year gains slowed, reflecting declines in sales in the fall.
(BPT) - While giving a new $900,000 home a thorough going-over, Salt Lake City home inspector Kurt Salomon found a problem under the deck. The builder had cut corners, using the wrong kind of fasteners to secure the deck to the house. Yet, the municipal building official had approved the work.