Shasta County Category
Local Lender Warns of Credit Tightening
February 26th, 2009
By Brad Garbutt
A reputable local mortgage broker noted in a recent email that he is finding that many of the banks he brokers loans to are bumping the minimum credit score upward. This would not be a big deal except more Shasta County residents already have credit scores below the national average.
He cites as an example that [...]
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Local Business Offers Extraordinary Service
February 24th, 2009
By Brad Garbutt
Everyone, sooner or later, finds themselves taking their vehicle somewhere to have body repairs completed. Over the years, I have used several different body shops (or panel beaters as they are known in Britain), but last week I had an exceptionally good experience.
My wife’s car was hit while parked in our office parking lot [...]
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VACANT COMMERCIAL SPACE NEARS 1 MILLION SQUARE FEET IN REDDING
February 20th, 2009
By Brad Garbutt
Kent Dagg addressed Realtors Wednesday morning regarding construction projects in the area served by the Shasta Builders Exchange. Due to an excess of vacant commercial space(over 900,000 sq ft) in Shasta County, contractors have switched gears bidding and building infrastructure projects. Approximately 2500 plans were put out to bid the past few years and this [...]
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OBAMA BUMPS BUYER TAX CREDIT TO $8000
February 19th, 2009
By Brad Garbutt
First-time buyers that buy a home during 2009 may qualify for a tax credit of up to $8000 or 10% of the selling price, whichever is less. The tax credit, which is much better than a tax deduction, will not need to be repaid if the buyer stays in the home for more than 3 years. [...]
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REDDING HOME SALES IN JANUARY ON PAR BUT PRICES STILL FALLING
February 18th, 2009
By Brad Garbutt
108 homes sold in the area served by the Shasta MLS including 54 in Redding during the month of January. The units sold is on par with January 2008 when 107 homes sold. However, the average price and average cost per square foot continues to slip.
All but 12 of the homes that sold in January [...]
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CASH FOR GRASS
February 17th, 2009
By Brad Garbutt
Last week, I was driving to the airport listening to The Garden Compass Show on KQMS when the host mentioned a program sponsored by the City of Roseville. In response to the ongoing drought, Roseville initiated a pilot program last July offering residents $1 for every square foot of water-thirsty lawn they removed and replaced [...]
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TAGGERS HIT PARK MARINA DRIVE AREA
February 4th, 2009
By Brad Garbutt
The former Montgomery Wards building recently was hit by taggers taunting those that frown upon such artistry. Most of the building is occupied by Shasta County Child Support Services but a sectioned off portion of the building, with a long wall facing Park Marina Drive, is the canvas of choice for these particular taggers.
The Graffiti [...]
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HOMEOWNERSHIP TRUMPS RENTING ONCE AGAIN!
February 3rd, 2009
By Brad Garbutt
Significant drops in home prices and interest rates have made home ownership attractive compared to renting once again. This has not been the case for the past 7 years or so due to a run up in home prices. Now that prices have dropped nearly 50% from the peak, and interest rates falling to historically [...]
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