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After the Mexican War ended Captain Charles Weber settled the land grant after considerable work and during the fall of 1847, the people named on the grant provided Weber some optimism of a achieving a permanent settlement, so he had the land surveyed into town lots. In the beginning men lived in brushwood tule
tents. When gold was discovered, in 1849, The founding of mining camps gave rise
to making Stockton into an immense trading depot, and the Weber store became the
Constrained housing inventory flattens January home sales
LOS ANGELES (Feb. 19) – A limited supply of available homes for sale
continued to hamper California housing sales, which were essentially flat in
January, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.
“The underlying fundamentals for housing demand exists, however, constrained
inventory is holding back a stronger recovery as affordability becomes an
issue for current homeowners who are reluctant to move due to less
attractive mortgage rates and more restrictive lending standards,” said
C.A.R. President Kevin Brown. “Supply conditions in the lower-priced
segment were especially tight as inventory for homes priced below $300,000
fell 13.4 percent from the previous year, while inventory for homes priced
$1 million and higher increased 11.1 percent from last year