Shasta County Category
Redding Mayor Speaks To Realtors
March 12th, 2009
By Brad Garbutt
Rick Bosetti, Redding’s mayor, discussed the state of the city and some of the projects planned for the near future. Rick also fielded questions from the audience regarding a wide range of issues.
The stimulus package money recently authorized by President Obama will funnel nearly $4 million to Redding. Shasta County, Anderson and Shasta Lake will [...]
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Rapidly Rising Lake Shasta Triggers Earthquake
March 10th, 2009
By Brad Garbutt
Just over a month ago, Lake Shasta was only 1/3 full and nearly 160 below the full mark. Now, after a sopping wet February, Shasta Lake has gained more than 70′ in elevation and is more than half full. Last night around 6:11 PM my wife and I were jolted by a temblor as we [...]
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A Rare Real Estate Find
March 6th, 2009
By Brad Garbutt
Over my 25 year real estate career, I have previewed thousands of homes and occasionally I will see one I would love to own. That happened this week when I viewed a new listing near Redding.
A long driveway leads past several stocked ponds to the log home perched on a hill overlooking the estate and [...]
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Housing Affordability Spikes Upward
March 5th, 2009
By Brad Garbutt
The California Association of Realtors recently released a report detailing housing affordability for first-time buyers. The index measures the percentage of households that can afford to purchase an entry-level home in various geographic areas.
The overall index for California is 59%. During the recent real estate bubble, the index bottomed out closer to 20%. C.A.R claims [...]
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Spring Forward With Daylight Savings Time
March 3rd, 2009
By Brad Garbutt
Who cares about losing an hour of sleep? Not me. I think this is one of my favorite days of the year! And it arrives on Sunday.
One hour less sleep but one extra hour to play after work. Instead of darkness falling at 5:30PM now it will stay light until 6:30 or so. Early risers [...]
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Distresss Sales Increase in Redding/Shasta County
March 3rd, 2009
By Brad Garbutt
In 2008, about 1/3 of all sales could be classified as “distressed sales“. A check of today’s activity indicates this segment of real estate activity has increased to nearly half of all sales.
Today there are 1519 active home listings on the Shasta MLS. of those, 126 are classified as REO’s or bank owned and another [...]
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Home Sales Activity Doubles In California
March 2nd, 2009
By Brad Garbutt
Portions of California hit hard by foreclosures are seeing a dramatic increase in sales activity. Historically, the Redding area lags behind the state trend and local home sales have not seen a surge yet. January home sales were comparable to a year earlier in Redding/Shasta County.
The flood of foreclosures in some areas of the state [...]
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CalRedd Unveiled
February 26th, 2009
By Brad Garbutt
At first glance, you might think CalRedd has something to do with California and Redding. You would be half right! CalRedd is the acronym for the new California statewide MLS (Multiple Listing Service) system under development. It stands for California Real Estate Dynamic Data.
For nearly 10 years, the California Association of Realtors (CAR)has been grappling [...]
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