New Homes are still selling in Stockton and San Joaquin County - weekending 1/23/101
This week's indicators painted a brighter picture suggesting the possibility of sustained economic growth. The three-month moving average of annualized retail growth rate suggests a annual rate of 14%. This proposed a consumer spending rate of nearly 4% in the fourth quarter and couple with an increase in manufacturing rates, if sustained could ignite another tranche of business spending and hiring, especially with smaller business. Overall growth is expected to remain slow and steady over the first several quarters according to the Wells Fargo Weekly Economic and Financial Commentary. 
The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 1/23/11:
Focus on Stockton: Total Projects Reporting: 4: Traffic: 59; Sales: 4: Cancellations: 0; Net Sales: 4; YTD Sales: 8
San Joaquin County: Total Projects Reporting: 26; Traffic: 336; Sales: 14; Cancellations: 3; Net Sales: 11; YTD Sales: 30
Lathrop reporting 2 projects: 0 new releases, 10 in available inventory;
Linden reporting 1 project: 0 new releases, 3 in available inventory;
Lodi reporting 0 projects: no other information available
Manteca reporting 13 projects; 4 new releases, 53 in available inventory;
Mountain House reporting 5 projects: 0 new releases, 30 in available inventory;
Stockton reporting 4 projects: 0 new releases, 29 in available inventory;
Tracy reporting 1 project: 0 new releases, 6 in available inventory;
If you may be considering relocation to the Central Valley of California considering adding Stockton, California to your interest list. The folks at The Nines Team will be delighted to show you our town … and some of the best real estate buying opportunities in the valley. If you wish to search the local MLS please click here. Don’t hesitate to call us if we can answer questions for get additional information for you:
888-868-4398
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