Shasta County Category
Redding Home Prices Slip Again?
August 9th, 2010
By Brad Garbutt
After 3 quarters of relative stability, Redding home prices lost about $8/sq ft in July. Blame an onslaughtof bank-owned properties (REO’s) for the decline. The second quarter of 2010 saw a slight increase to $126.54/sq ft from $125.34 in the first quarter 2010. The last quarter of 2009 pegged the average cost per square foot at [...]
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Do You Know Your Redding Home’s Walkability Score?
July 9th, 2010
By Brad Garbutt
Location, location, location is taking on a new meaning in the 21st century as home buyers switch from focusing on schools and neighborhoods to proximity to stores and public transportation. Urban planners cite concerns over future oil prices as the main reason for the shift. They say baby boomers with empty nests and their children [...]
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City of Redding:Know Your Hispanic Gangs?
June 22nd, 2010
By Brad Garbutt
Top City of Redding officials want city employees to be on the lookout for signs of gang activity following several recent highly publicized gang incidents in the Redding area. An internal communication memo sent out last week asks city employees to keep their eyes open for gang-related activity since many employees are out and about the [...]
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Unscrupulos Interests Blamed For Housing Market Meltdown
June 11th, 2010
By Brad Garbutt
Henry Cisneros pinned the housing crisis on greedy Wall Street firms, not government policies he championed as HUD Secretary during the Clinton Administration. Exotic instruments were created to collateralize mortgages then packaged and sold around the world by profiteers wishing to take advantage of the housing boom. Henry is credited with expanding homeownership during his term as [...]
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Redding Real Estate Prices Stabilizing?
June 7th, 2010
By Brad Garbutt
According to one Redding appraiser who tracks average home prices, prices are slowly ticking upward. The low point since the bubble burst in 2006 was March with 91 home sales with an average sales price of $203,830 or $121.08 per square foot. May saw 99 home sales averaging $214,352 or $124.6 per square foot. It would not [...]
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Bill To Provide Borrowers Deficiency Liability Protections
May 24th, 2010
By Brad Garbutt
Many homeowners are not aware of a loophole that allows banks to pursue certain borrowers for any cash loss they suffer as a result of a short sale or foreclosure. The existing law, which was passed in the 1930’s, protects homeowners from deficiency liability if the loan was used to purchase the home. The problem arises when [...]
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Mosquitoes Bugging You?
May 20th, 2010
By Brad Garbutt
The wave of foreclosures in Shasta County has had a stinging side effect-abandoned pools and ponds have become mosquito breeding havens! If you know of a neglected water feature in your neighborhood, the Shasta Mosquito and Vector Control District would like to hear from you.
Every property owner in Shasta County pays for mosquito control through [...]
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Turtle Hunters Outrage Mary Lake Park Visitors
April 2nd, 2010
By Brad Garbutt
A Honda coupe with two upset ladies pulled up alongside my wife and I as we began a walk around Mary Lake yesterday afternoon. They had just jotted down the license number of a suspected turtle hunter’s Jeep and informed us two guys were trapping turtles for resale on EBay. We love the turtles. We shared their dismay. How dare [...]
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