The waiting game is about to become expensive
Twenty-one years ago they bought a house in the custom East Manteca neighborhood of Spring Meadows for $210,000.
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 housing prices may once again impact future trends in Manteca values.
The first-time homebuyer story of four years ago in Manteca now seems like ancient history.
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.
LOS ANGELES (AP) - The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit.
WASHINGTON (AP) - Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.