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2009: Only eight homes selling each month; inventory at record 651 homes
#9 -- Calla Grammar of '37.jpg

10 years ago

April 19, 2009

In September, 2007, available resale homes swelled to a record 651 in Manteca, Lathrop and Ripon. Only eight homes were selling in a month. As of this Tuesday, only 246 homes were available, despite almost 20 plus foreclosures coming back on the market each week.

Several months ago, the Manteca Unified School District board of trustees agreed to extend the walking distance to school for all students to an additional half-mile as part of the Level II cuts to handle a $23.5 million budget shortfall.

After starting as a letter carrier 24 years ago, Jennifer Gowans stepped forward Friday and took the oath of office to assume the position as Manteca’s eighth postmaster since 1952— making the transfer to the community from the Oakdale branch that she had overseen in the same capacity for almost a decade.

Manteca unemployment has nearly doubled in the past year to a record post-World War II rate of 14.4 percent in March. That means almost one out of seven of the adult workforce or 4,100 people in Manteca are unemployed. California’s unemployment statewide is now at 11.2 percent—the highest since the Great Depression.

Manteca’s new home construction remained steady in March with work on11 new homes getting underway. It may not sound like much compared to the go-go days of 2000 when ground was broken for 89 homes a month. It does, however, mark the fourth month where starts have been right around a dozen a month.

If you thought summer was officially here Wednesday when you sweltered in the day’s ice-melting and sweat-drenching 96-degree temperatures, you thought wrong. As you will see happening today, the mercury will drop into the more springy levels of 70 to 80 degrees.