This Week’s Redding Real Estate Update:
Residential Market Statistics
Active Listings:  1,628 (from 1,632 last week and 1,613 two weeks ago)
Pending Listings:   452 (from 448 last week and 450 two weeks ago)
Closed so far in July: 117
Closed in June: 201
Closed in May: 182
Closed in April: 173
Closed in March: 187
Closed in February: 125

Closed in January: 117
Total Closed [...]

RISMEDIA, July 28, 2010—The van line community lost a lot of drivers during the economic downturn, and that is creating a backlog this summer as van lines are unable to keep up with demand. In some cases, families are being put on wait lists for up to two months. That can be a pretty stressful [...]

RISMEDIA, July 28, 2010—Coming off an historic low in May, sales of newly built, single-family homes rose 23.6% to a seasonally adjusted annual rate of 330,000 units in June 2010, according to U.S. Commerce Department data.

“Today’s numbers are an encouraging sign that new-home sales are coming back from an expected slow period that followed [...]

RISMEDIA, July 27, 2010—The Home Buyer Tax Credit proved to be a valuable stimulus to the troubled U.S. housing industry. The only catch: those who qualified had to be under contract by April 30, 2010, and close by June 30 (editor’s note: at press time, the federal government had extended this closing deadline to September).
In [...]

RISMEDIA, July 27, 2010—Despite slowdowns in home sales across the country, California is still the nation’s hottest spot for home buying activity, with homes fetching multiple offers and selling above list price, according to the Q2 2010 Home Hunter report released by ZipRealty.
The report revealed that California was home to 91 out of the country’s [...]

RISMEDIA, July 26, 2010—(MCT)—David Kosowski has a full-time job, a sky-high credit score, a solid debt-to-income ratio and enough cash stashed away to put a 20% down payment on the three-bedroom, two-bath home he’s had his eye on since spring.
But when he applied for a mortgage to cover 80% of the $495,000 purchase price [...]

RISMEDIA, July 23, 2010—With the scheduled closing deadline for the home buyer tax credits, existing-home sales slowed in June 2010 but remained at relatively elevated levels, according to the National Association of Realtors.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 5.1% to a seasonally adjusted annual rate of 5.37 [...]

Maybe it’s the fiery Leo in me, but shades of red have always pulled me in. The pastel petals, cheery pinks and fervent crimsons just make me feel all warm and fuzzy.
 
If you’re looking for color inspiration, take a cue from favorite summer fruits and flowers. You can use these vibrant, cheerful shades to dress [...]

RISMEDIA, July 22, 2010—Single-family housing starts were virtually unchanged from the previous month at a seasonally adjusted annual rate of 454,000 units in June 2010, according to newly-released figures by the U.S. Commerce Department. Meanwhile, a 21.5% decline on the more volatile multifamily side weighed down the overall housing production number, which fell 5% to [...]

RISMEDIA, July 20, 2010—While some sectors of the economy struggle to regain solid footing, the vacation home market is enjoying healthy numbers. The National Association of Realtors’ (NAR) 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in the U.S. in 2009, shows vacation home sales rose 7.9% to 553,000 last year [...]