Author Archive
Cal Fire Warns Of Big Weather Change
January 14th, 2010
By Brad Garbutt
Things are changing out in the Pacific which, if it comes to fruition, could dramatically change the dry weather pattern the Redding area has seen thus far this winter. According to weather forecasters at Cal Fire, the high-latitude block that has kept storms away has collapsed. Also, a powerful branch of the jet stream has developed [...]
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Redding Home Prices Slip Further in 4th Quarter 2009
January 13th, 2010
By Brad Garbutt
Despite news that prices have bottomed elsewhere in California, Redding home values dived nearly $4 in the average cost per square foot in the last quarter of 2009 from $133.35/foot to $129.7/foot. The average cost per square foot year-to-year dropped from $148.16/square foot in the final quarter of 2008 representing a 12% drop in value for homes [...]
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Chico, Oroville and Pardise To Join Statewide MLS
January 12th, 2010
By Brad Garbutt
Cal REDD, the new statewide Multiple Listing Service (MLS), will begin the task of transitioning these areas away from their current MLS software provider to the new statewide MLS system. The acronym stands for California Real Estate Dynamic Data. This software was developed by a private firm at the direction of the California Association of Realtors [...]
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Olney Creek Residents In New Floodplain Not Alone
January 11th, 2010
By Brad Garbutt
A recent article in the LA TIMES reports tens of thousands of homeowners in Southern California are being required to purchase expensive flood insurance because FEMA has updated maps placing their homes in high-risk flood zones. Apparently, more than 150 cities and unincorporated areas in LA, Orange, Riverside, Ventura and San Bernadino counties have been [...]
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Shadow Inventory Hangs Over Real Estate Market
January 8th, 2010
By Brad Garbutt
Experts have been trying to peg the number of foreclosed homes banks are sitting on while pondering when to list them for sale. Core Logic, a subsidiary of First American Title Insurance Company, estimated that number at 1.7 million as of September 2009, according to an article cited in a news release by the California Association [...]
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Shasta County Housing Market-A Year In Review
January 6th, 2010
By Brad Garbutt
Thankfully, 2009 is in the history books! It was a trying year for many in the housing industry. Real estate offices closed, escrow companies pared their staffs to the bones, lenders struggled with ever-tightening underwriting rules and appraisers are valuing properties conservatively after being blamed for overvaluing properties during the bubble. What follows are my tabulations of yearly [...]
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Digital Age Breeds Rudeness
January 4th, 2010
By Brad Garbutt
Am I the only one that notices rude behavior involving cell phones at public functions ? You know, phones ringing when someone is speaking at a podium, madly texting while others are eating or talking loudly on the phone while others are trying to listen to a presentation. Are matters so urgent they can’t wait a [...]
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Shasta Sunset Dinner Train Let Down
December 22nd, 2009
By Brad Garbutt
I heard for years from friends and family what a great time could be had boarding the Shasta Sunset Dinner Trainfor an evening excursion. Fine food and drink, dancing in a specially outfitted boxcar or taking in the scenery while standing on an uncovered flat car as the train made its way from McCloud to Mt. Shasta and back were [...]
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