Redding Real Estate

INCREASING SHORT SALE TRANSACTION… CHALLENGING!

November 30th, 2009

By Jane Lee

“Due to current economic conditions, the number of short sale properties on the market is rising” , National Association of Realtors quoted. The increasing number of short sales on the market presents challenges for REALTORS®. Below you’ll find more information on: short sales and their challenges, the government’s efforts to address these challenges, and tools [...]

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Don’t Wait Until After The Holidays To List Your House

November 28th, 2009

By Ross Domke

Here’s some reasons why..

1. There is a higher percentage of serious buyers. Many need to find a home before the end of the year.
2. Less competition for your home. Residential housing inventory historically decreases during the holidays and rises after New Years.
3. Your home presents better and is more welcoming to buyers because of [...]

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Weekly Redding Real Estate Update

November 27th, 2009

By Ross Domke

SHASTA MLS REAL ESTATE UPDATE
Available residential listings: 1,402 (down from 1,413 last week and 1,422 two weeks ago)
Homes in escrow: 465  (up from 450 last week and down from 467 two weeks ago)

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10.7 MILLION BORROWERS STUCK WITH NEGATIVE EQUITY

November 26th, 2009

By Jane Lee

According to CNN news last Tuesday, November 17, 2009, 1 out of 4 homeowner is stuck with homes that are worth less than the mortgages they owe.
In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.
Almost [...]

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Shasta County Real Estate Update

November 23rd, 2009

By Debbie Morton-Harding

SHASTA MLS REAL ESTATE UPDATE
Available residential listings: 1,402 (down from 1,413 last week and 1,422 two weeks ago)
Homes in escrow: 465  (up from 450 last week and down from 467 two weeks ago)
Homes closed escrow so far in November: 100
Homes closed escrow  in October: 188
Homes closed escrow in September: 213
Homes closed escrow in August: [...]

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Shasta County Real Estate Update

November 18th, 2009

By Debbie Morton-Harding

SHASTA MLS REAL ESTATE UPDATE
Available residential listings: 1,413 (down from 1,422 last week and 1,426 two weeks ago)
Homes in escrow: 450  (down from 467 last week and from 491 two weeks ago)
Homes closed escrow so far in November: 74
Homes closed escrow  in October: 188
Homes closed escrow in September: 213
Homes closed escrow in August: 174
Homes closed [...]

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Home Buyer Tax Credit Extended and Expanded

November 12th, 2009

By Lauri Gibson

First time home buyers and now ‘move up buyers’ have until April 1, 2010 to purchase a house and take advantage of the IRS tax credit.
Have you been wondering where all the  government stimulus money is going? Well since President Obama signed the bill extending the first time home buyers’ tax credit and expanding it to include move [...]

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Good News for People Who Like Numbers

November 11th, 2009

By

Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8.

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