RISMEDIA, July 1, 2010—(MCT)—The House of Representatives introduced and passed a proposal to extend the original June 30 closing deadline for home buyers who want to get up to $8,000 in tax credits.
The Home Buyers Assistance Act of 2010 would push the deadline to midnight September 30, 2010 on contracts that were signed by the [...]

RISMEDIA, June 30, 2010—RealtyTrac, one of the leading online marketplaces for foreclosure properties released its first U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for 31% of all residential sales in the first quarter of 2010, and that the average sales price of properties that sold while in some stage of foreclosure was [...]

Shasta (Northwest Redding – Redding, California, US)

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Charming, cottage style home with warmth & character throughout! Bright & cheery with renovations over the past few years. Vaulted ceiling with open beams in living room. Updated kitchen, dining area & roomy bedrooms. Detached oversize garage, RV cover, fenced side-yard, additional covered parking, garden shed & garden area, [...]

RISMEDIA, June 29, 2010—(MCT)—Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. For a variety of reasons, they could end up saving more than the $8,000 they could have received from the tax refund.
In some neighborhoods and price ranges, sellers are dropping their prices because buyers [...]

RISMEDIA, June 28, 2010—(MCT)—Mortgage rates have tumbled to record lows, but high unemployment and job jitters by still-working Americans mean the milestone is unlikely to attract enough borrowers to boost the unsteady housing market, economic and real estate professionals say.
Mortgage buyer Freddie Mac reported recently that the average interest rate on a 30-year fixed-rate mortgage [...]

RISMEDIA, June 26, 2010—(MCT)—When the going gets tough, the houses get smaller. Or at least that’s what data from the U.S. Census Bureau are suggesting.
The average size of a new single-family house shrank significantly from 2008 to 2009, the census figures show.
According to the data, the national average decrease was 51 square feet, to 2,422 [...]

RISMEDIA, June 25, 2010—(MCT)—Sales of newly built U.S. homes collapsed in May 2010, the government said recently, falling to a record low and stirring concerns among some economists that the housing market would stumble again now that a popular federal tax credit for buyers has expired.
The Commerce Department said new homes sold at a seasonally [...]

RISMEDIA, June 24, 2010—As we continue to see record numbers of foreclosures across the country, Dan Steward, president, Pillar To Post, is making it his priority to educate the public about the proliferation of homes used as drug labs (specifically, meth) entering the residential real estate market. “As foreclosure numbers continue to mount, we at [...]

RISMEDIA, June 23, 2010—Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.
Existing-home [...]

This Week’s Redding Real Estate Update:
Residential Market Statistics 
Active Listings:  1,568 (from 1,573 last week and 1,559 two weeks ago)
Pending Listings: 480 (from 469 both last week and two weeks ago)
Closed so far in June: 105
Closed in May: 182
Closed in April: 173
Closed in March: 187
Closed in February: 125
Closed in January: 117
Total Closed Escrows in 2010: 909
[...]