Call it the Darwin Proposition 13 effect.
There is still no rhyme or reason to the Manteca housing market as it enters the third year of full-scale foreclosure frenzy.
The best way to keep California's housing construction pulse from straight-lining might just be Governor Arnold Schwarzenegger's proposal for reviving and expanding the $10,000 state home buyer's tax credit.
Are things leveling out in the Manteca housing market?
The typical transaction involving an existing home closing escrow in Manteca is flat – for now.
More and more owner occupied homes that are not under duress are making their way to market.
Finally there is some relief coming for those first-time buyers battling investors for foreclosures.
What a strange long year it's been.
A household with two full-time workers each making minimum wage - $8 an hour – could afford to buy a $115,000 home if they have no other debt load and have the means to come up with $6,000 or so for down payment and closing costs.
The Manteca housing gods must be crazy.
Don't look now but the clock is ticking on the most affordable housing era in post World War II Manteca history.
Out-of-state investors who have savvy are treating Manteca foreclosures as the deals of the century.
The Cherry Lane condos are on the verge of making Manteca history.
Rents for Manteca homes have dropped 15 to 20 percent across-the-board since the start of the year.
The countdown has started.
WASHINGTON (AP) - The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks.
LOS ANGELES (AP) - U.S. homeowners are doing a better job of keeping up with mortgage payments, a trend that has reduced the rate of late payment on home loans to the lowest level in more than five years.