This Week’s Redding Real Estate Update: Residential Market Statistics Active Listings: 1,458 (from 1,437 last week and 1,425 two weeks ago) Pending Listings: 511 (from 505 last week and 495 two weeks ago) Closed So Far This Month: 50 Closed in March: 187 Closed in February: 125 Closed in January: 117 Total Closed Escrows in [...]

This Week’s Redding Real Estate Update: Residential Market Statistics Active Listings: 1,437 (from 1,425 last week and 1,486 two weeks ago) Pending Listings: 505 (from 495 last week and 485 two weeks ago) Closed So Far This Month: 14 Closed in March: 187 Closed in February: 125 Closed in January: 117 Total Closed Escrows in [...]

This Week’s Redding Real Estate Update: Residential Market Statistics Active Listings: 1,425 (from 1,486 last week and 1,393 two weeks ago) Pending Listings: 495 (from 485 last week and 457 two weeks ago) Closed So Far This Month: 157 Closed in February: 125 Closed in January: 117 Total Closed Escrows in 2010: 407 Total # [...]

More news from the tax front for homeowners in distress.  Apparently, last week on Thursday the California Senate voted 21 to 15 to approve legislation that would prevent homeowners who have had a foreclosure, loan modification or short sale from being required to pay state income taxes on the debt forgiven. The next step for [...]

Did you know that out of 321 listings that have sold (closed escrow) since January 1, 2010, 136 of them were REO’s (Real Estate Owned By The Bank) or foreclosures? Yep, that is almost one in three homes that have sold so far this year! Our current market has a large number of distress sales [...]

How many foreclosures do you think are currently “active” or available for purchase out of the 1,389 residential listings available on the Shasta MLS?  Think about it for a while and I’ll tell you at the end of the post so you can see how well you know our market! Looking at today’s headlines I [...]

More news was released yesterday by the New York Times about the new federal program that will actually pay homeowners to sell at a loss!  Under the program more homeowners will be in the position to sell their homes “short sale” than ever before…while being given up to $1,500 for relocation expenses when the home closes [...]

This Week’s Redding Real Estate Update:   Residential Market Statistics Active Listings: 1,387 (from 1,374 last week and 1,389 two weeks ago) Pending Listings: 461 (from 457 last week and 429 two weeks ago) Closed So Far This Month: 38 Closed in February: 130 Closed in January: 117 Total Closed Escrows in 2010: 286   [...]

This Week’s Redding Real Estate Update: Residential Market Statistics Active Listings: 1,389 (from 1,343 last week and 1,329 two weeks ago) Pending Listings: 429 (from 426 last week and 433 two weeks ago) Closed So Far This Month: 90 Closed in January: 117 Total Closed Escrows in 2010: 207 Total # of Homes that closed [...]

This Week’s Redding Real Estate Update: Active Listings: 1,311  (from 1,324 last week and 1,294 two weeks ago) Pending Listings: 406 (from 393 last week and 406 two weeks ago) Escrows Closed So Far This Month: 9 Escrows Closed So Far This Year: 124   Total # of Homes that closed escrow during 2009: 2,047 [...]