Archive By Section - HOME SCENE
RE/MAX EXECUTIVE HONORS TOP AGENTS
Re/Max Executive members gathered Wednesday morning for a brunch awards session at Spring Creek Country Club in Ripon.
The high cost of fence sitting
The waiting game is about to become expensive If you are a first-time home buyer interested in securing what is essentially free money for you - although not taxpayers as a whole - the deadline is April 30 to get a home into escrow. That's the last day to take advantage of the $8,000 federal tax credit. That home, though, must close escrow by June 30. That tax credit is reducing the cost of purchasing ...
Home buying: Back to the future
Twenty-one years ago they bought a house in the custom East Manteca neighborhood of Spring Meadows for $210,000.
Fence sitters can learn from history
Six years ago this summer a bidding war was underway to buy the models of the popular east Manteca custom neighborhood known as Meadowlands located to the north of Joshua Cowell School.
Bay Area investors may ultimately help push up Manteca housing prices
Bay Area housing prices may once again impact future trends in Manteca values. This time around, though, it is a whole new game. In past periods of basically flat markets or markets on the grow, any price movements in the high-priced Bay Area would move up with Manteca lagging about six months behind. As more Bay Area first-time buyers were squeezed out of the market due to price increases, they'd head to the east – ...
Typical payment drops $2,500 a month
The first-time homebuyer story of four years ago in Manteca now seems like ancient history. The most popular loans were interest only with the typical monthly payment coming in at $4,000. Hardly any buyers were from Manteca let alone the Northern San Joaquin Valley. They were almost all exclusively Bay Area residents pushed eastward over the Altamont Pass. Manteca prices - $450,000 for a median price home of 1,900 square feet with three bedrooms and ...
Buyers of homes with deep value cuts will reap tax advantages for years to come
Call it the Darwin Proposition 13 effect. A home that sold for $413,000 in early 2006 is typically selling for about $178,000 today. Not only are the buyers getting more home for the dollar but they are getting a long-term tax break that will put them in a better position than a homeowner who bought a similar home in 2006 and holds on to it. Property taxes are typically one percent of the valuation in ...
Tale of two Manteca houses
There is still no rhyme or reason to the Manteca housing market as it enters the third year of full-scale foreclosure frenzy.
The case for a $10,000 California tax credit for homebuyers
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.
So is this the bottom?
Are things leveling out in the Manteca housing market? •The median price of existing home sales that close escrow has been virtually at a steady $175,000 for close to six months when you look at any particular point in time and include all homes sales going back 90 days. •New home builders enjoyed – at least compared to home builders elsewhere in San Joaquin County – 304 new home starts in 2003. The median sales ...
What goes down must come up
The typical transaction involving an existing home closing escrow in Manteca is flat – for now.
Move-up buyers now selling
More and more owner occupied homes that are not under duress are making their way to market. The number of short sales and foreclosures hasn't changed much for the past few months but what has is the available owner occupied homes. The noticeable increase is what sent overall listings past 200 for the first time since March. There were 205 available resale homes in Manteca's city limits as of Tuesday. For the first time in ...
FHA suspending 90-day rule for mortgages
Finally there is some relief coming for those first-time buyers battling investors for foreclosures.
Real Estate Believe it or Not
What a strange long year it's been. This past year has seen things happen in real estate that no one thought they'd ever see ranging from McMansions dropping from $750,000 at the market's peak in 2005 to some selling for $265,000 in mid-2009. And who would have thought you'd ever see homes selling in Manteca for less than $300,000 - the price fetched by old, two bedroom one bathroom houses back four years ago. If ...
When renting makes more sense
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.
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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