Author Archive
Do Our Local Hospitals Use The Pronovost Checklist?
February 3rd, 2010
By Brad Garbutt
March 2010 Consumer Reports featured an article detailing a recent study on bloodstream infections contracted during hospital stays. A simple checklist system, called the Pronovost checklist, has been found to dramatically reduce infection rates when implemented and followed by caregivers.
One key element allows nurses to make doctors follow all the steps without fear of retaliation. Have our [...]
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Why Are there Fewer Homes For Sale in Shasta County?
February 2nd, 2010
By Brad Garbutt
California’s Unsold Inventory Index declined to 3. 8 months in December compared to 5.6 months in December 2008. This index is an important barometer of the overall condition of the real estate market because it indicates how long it would take to deplete the supply of homes for sale at the current sales pace.
Economists believe [...]
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Know An FHA Borrower Struggling With Mortgage Payments?
February 1st, 2010
By Brad Garbutt
President Obama signed into law a program to assist FHA borrowers experiencing financial hardship before they fall behind in payments. The Helping Families Save Their Home ACT of 2009 grants FHA broader authority to hopefully prevent FHA borrowers from slipping into foreclosure. Prior to this law taking effect, borrowers had to be behind in payments [...]
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Redding Foreclosure Activity Update
January 28th, 2010
By Brad Garbutt
The number of bank-owned properties (REO’s) listed for sale in Redding/Shasta County is on the rise. Currently there are 174 active REO listings on the Shasta Multiple Listing Service. This number is up significantly from last year when just over a hundred were available on any given day. Nearly a quarter of the 400 pending home sales [...]
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Is Fed Poised To Kick Crutch Holding Up Housing Market?
January 26th, 2010
By Brad Garbutt
Low interest rates enjoyed in 2009 by home buyers and homeowners refinancing may be history come March. The Federal Reserve propped up the ailing housing market by quietly buying up mortgage-backed securities and lowering key interest rates which influence costs for consumer borrowing. Lenders loaned money only because they knew government sponsored enterprises (GSE’s) were willing to buy them. [...]
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Is Your Taxable Property Value Too High?
January 21st, 2010
By Brad Garbutt
Proposition 8 requires county assessors review property values used to calculate property tax bills when the current value drops below the base year valuation. Some California assessors have waited for property owners to request a new appraisal while others, including our elected assessor Leslie Morgan, have taken the initiative to examine thousands of properties purchased after 2002. Leslie Morgan and [...]
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Local Housing Agencies Launch Foreclosure Assistance Program
January 20th, 2010
By Brad Garbutt
Shasta County, along with the cities of Redding, Anderson and Shasta Lake have landed a grant of $1 million to assist home buyers wishing to purchase a foreclosed home in designated neighborhoods. Most of Shasta Lake is eligible for the program as well as Anderson Heights and Ravenwood subdivisions in Anderson. The program has been dubbed [...]
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Federal Reserve Earns $46.1 Billion Profit Thus Far From Bailout Efforts
January 18th, 2010
By Brad Garbutt
Maybe bailouts do have a silver lining! The Federal Reserve announced last week it made a record $46.1 billion as a result of gains on securities it purchased to shore up the financial system. The Fed is not in the business of making money but this was a side effect of bailouts to aid the banking [...]
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