Archive By Section - HOME SCENE
New home sales aren’t driving down home prices
It is one of the enduring myths of the housing bubble bust: New home construction is driving down the price of resales in Manteca.
Clearing the short sale fog
Growing up in our valley, I loved fog! Because fog for us represents the changing of a season. It meant "red cups" are coming back to Starbucks, turkey will become a meal staple for a week and Christmas is around the corner. But a "foggy" or "gray" understanding of our real estate market can make for a great deal of anxiety.
Valley Blossom sells eight new homes before models are done
Florsheim Homes has a solid reputation for building quality and providing homes that fit well into customers' lifestyles and needs.
No such thing as free houses
"Sorry, no free houses." - Glenn Schorr, an analyst with Norton Securities International in a research report sent to clients concerning the foreclosure moratorium
Springtime Estates home for $279,500
Springtime Estates is part of a series of small, semi-custom and custom neighborhoods east of Highway 99 that for years has drawn strong interest from long-time Manteca residents looking to move-up.
One-story homes gain in popularity
The hottest trend in Manteca's new housing market besides value pricing can be summed up in "one" as in one-story homes.
Double dip in housing isn’t likely scenario for Manteca market
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?"
Manteca market is different
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 ...
The short sale debate
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 ...
Upgraded home in Sierra neighborhood
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?
Ideal time to streamline your FHA loan
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.
Three promising signs for Manteca
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 ...
My personal short sale story
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!"
Is now the time to sell?
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.
Does it still make sense to fence sit?
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 ...
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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