Morada Country Home!
10571 Hildreth Lane, Stockton, CA, 95212just listed
$740,000

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Description: Country 3 Bedroom 2 Bath home on rural 2.24 acre lot. Includes 2-car attached garage with workshop and 70×50 steel commercial type building. The building is 30x50x16 tall shop, 20×50 enclosed barn and 20×50 covered parking.

When you decide to sell your home in the Stockton, Lodi and San Joaquin County areas, please contact me. And let’s get started!

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Real Estate in Stockton, Lodi and San Joaquin County

Dave Thurman Real Estate – RE/MAX Gold

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The national housing market has now regained enough momentum to provide an engine of growth for the US economy, according to The State of the Nation’s Housing report released this week by Harvard’s Joint Center for Housing Studies. However, several obstacles continue to hamper the housing recovery—in particular, the lingering pressures on homeownership, the eroding affordability of rental housing, and the growing concentration of poverty.

Source: Harvard

Making sense of the story

  • On the renter side, the number of cost-burdened households rose by 3.6 million from 2008 to 2014, to 21.3 million. Even more troubling, the number with severe burdens (paying more than 50 percent of income for housing) jumped by 2.1 million to a record 11.4 million.
  • The national homeownership rate has been on an unprecedented 10-year downtrend, sliding to just 63.7 percent in 2015. Tight mortgage credit, the decade-long falloff in incomes that is only now ending, and a limited supply of homes for sale are all keeping households—especially first-time buyers—on the sidelines.
  • The report finds that income inequality increased over the past decade, with households earning under $25,000 accounting for nearly 45 percent of the net growth in US households in 2005–2015.
  • The report finds that rent burdens are increasingly common among moderate-income households, especially in the nation’s 10 highest-cost housing markets, where three-quarters of renters earning $30,000–45,000 and half of those earning $45,000–75,000 paid at least 30 percent of their incomes for housing in 2014.
  • Federal assistance reaches only a quarter of those who qualify, leaving nearly 14 million households to find housing in the private market where low-cost units are increasingly scarce.
  • Low-income households with cost burdens face higher rates of housing instability, more often settle for poor-quality housing, and have to sacrifice other needs—including basic nutrition, health, and safety—to pay for their housing.
  • The report notes that a lack of a strong federal response to the affordability crisis has left state and local governments struggling to expand rental assistance and promote construction of affordable housing in areas with access to better educational and employment opportunities.

Read the full story

From C.A.R. Market Matters ~ CALIFORNIA ASSOCIATION OF REALTORS®

Find Your Dream Home

Real Estate in Stockton, Lodi and San Joaquin County

Dave Thurman Real Estate – RE/MAX Gold

 

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Jun

23

As buyers face more hurdles finding their dream home because of limited inventories, some are settling for a property they can eventually mold into what they want. Over a quarter of renovation projects are being driven by recent home purchases, according to the 5th annual Houzz & Home survey of more than 120,000 respondents. Home owners say they are opting to renovate instead of buying a “perfect” home largely because they think remodeling is a more affordable option or could provide a better return on investment, the survey found.

Recent home buyers invest more in renovation than other home owners — $66,600 versus $59,800. They also tend to take on larger projects and are nearly three times as likely to renovate all of their interior spaces than other home owners, according to the survey.

Kitchen remodels are the most popular renovation projects, followed by master and non-master bathrooms. Other top priorities include the addition of home automation and curb-appeal projects, such as upgrading exterior paint, roofing, exterior doors, and decks.
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Fast Facts

Calif. median home price: May 2016:

  • California: $518,760
  • Calif. highest median home price by region/county: San Francisco, $1,409,370
  • Calif. lowest median home price by region/county: Siskiyou, $174,000

Calif. Pending Home Sales Index:
Statewide pending home sales rose in April on an annual basis, with the Pending Home Sales Index (PHSI)* increasing 4.1 percent from 135.9 in April 2015 to 141.6 in April 2016, based on signed contracts.

Calif. Traditional Housing Affordability Index: First Quarter 2016: 34 percent

Mortgage rates: Week ending 6/2/2016
(Source: Freddie Mac)

  • 30-yr. fixed: 3.54% fees/points: 0.5%
  • 15-yr. fixed: 2.81% fees/points: 0.5%

From C.A.R. Newsline ~ CALIFORNIA ASSOCIATION OF REALTORS®

Find Your Dream Home

Real Estate in Stockton, Lodi and San Joaquin County

Dave Thurman Real Estate – RE/MAX Gold

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Jun

21

Cultivating Trust

Posted by Dave Thurman under Real Estate

CultivatingTrust

From C.A.R. One Cool Thing ~ CALIFORNIA ASSOCIATION OF REALTORS®

Selling A Home?

The decision to sell a home is often dependent on many factors. Whatever the situation, I guarantee a commitment to ensure you get the best possible price for your home. You can expect professional, ethical and confidential service. Read more

Find Your Dream Home

Dave Thurman Real Estate – RE/MAX Gold

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