I will be in the office later this morning and I will give you the update. I'm familier with the area as I grew up as a child on the next block. Were there other homes in the area or in Stockton I can assist you with? Let me know at George_Kininmonth@hotmail.com and I will get all the information to you. Also, I can get you inside any home you'd like to view.
If you need an agent and/or a loan to purchase I do both. Also, there are many other professional at this site who could also offer fine service. Let me know if you have other properties you're interested in at my email above and I will get you information you need before noon today.
Fowler Mortgage and Real Estate
My answer would be that due to the extremly high forclosures, many are renting. However, it is NOT a hot rental market since commuters are moving back to their working communities (bay area) due to the cost of gas. When adding the added gas and Air Conditioning bill to a Stockton rental, most are realizing that the commute is out of the picture (even if you account for the price of ACE). People don't move out to Stockton to rent. There is a reason why there is such a large number of empty homes: no renters to fill them!!
Would the local market support an increase demand in rentals? There is nothing fueling that right now-- no new job creations (higher unemployment then most vicinities) or other factors that I know of! However, if one is chasing the "American Dream" of affordable home ownership, Stockton is the place! Historic low deals!! I lost over 50% on my house alone!... more