RISMEDIA, April 1, 2010—(MCT)—A national index of home prices rose unexpectedly in January 2010, with California cities posting strong gains, but some experts warned that the nation’s struggling housing market could be headed for another dip.
The closely watched Standard & Poor’s/Case-Shiller index of 20 metropolitan areas rose 0.3% from December on a seasonally adjusted basis. [...]

New Home Buyer Tax Credit Program Begins 5/1/10!
Monday, Governor Schwarzenegger signed AB 183, providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. C.A.R. supported this important legislation since its inception. The [...]

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 # of Homes that closed escrow during 2009: 2,060
December [...]

RISMEDIA, March 30, 2010—Home sales decreased 11.7% in February 2010 in California compared with the same period a year ago, while the median price of an existing home rose 14.1%, the California Association of Realtors® (C.A.R.) recently reported.
“The federal tax credit for home buyers, low mortgage rates, and affordability at record levels have contributed to [...]

RISMEDIA, March 2, 2010—Home sales decreased 10.6% in January 2010 in California compared with the same period a year ago, while the median price of an existing home rose 15%, the California Association of Realtors® (C.A.R.) recently reported.
“Many sales that closed escrow in January were on homes with offers accepted during the holiday season- a [...]

RISMEDIA, March 19, 2010—(MCT)—Want to sell your home? Get out the bucket, mop and Mr. Clean. The key to making a positive first impression is simple, said Sandra Rinomato, host of HGTV’s popular “Property Virgins” show.
“Get it clean, clean, clean,” said Rinomato. “If your house isn’t clean, it instantly sends up negative thoughts that the [...]

RISMEDIA, November 21, 2009—Trulia, Inc. has announced that 25.6% of homes currently on the market in the United States as of November 1, 2009 have experienced at least one price cut during the past 12 months. More than 40% of the top 50 major metros across the U.S. are experiencing price reduction levels above 30%, [...]

RISMEDIA, November 24, 2009—If you or someone you know has fallen behind on their mortgage, take heart; there is hope. Not from the government though; you’ll have to fight this one on your own, but you are not alone. And soon, your numbers could grow into a powerful army as more and more [...]

RISMEDIA, February 2, 2010—Should homeowners be morally obligated to make their mortgage payment? What if they could legally stop paying their mortgage and stay in their house with clear title? Should they do it?
These are questions more and more people are asking themselves, as it is now obvious that neither the government nor the [...]

RISMEDIA, February 9, 2010—It looks amazingly real, but it’s as phony as a James Cameron movie set.
Its many moving parts exist only for the purpose of creating the illusion of positive economic activity.
But, when you go behind the scenes, it’s evident that those things that seem so real are merely props and propped up plywood.
Lashed [...]