Join the forum discussion on this post - (1) PostsOn Sunday, Federal officials unveiled the elaborate plans to takeover Fannie Mae and Freddie Mac, the two giants in mortgage lending backers in the United States.  Fannie Mae and Freddie Mac currently back over $5 trillion in home loans, not directly lending the money but [...]

Join the forum discussion on this post - (1) PostsResidential Listings:  There are currently 1877 active listings and another 368 listings that are pending (in escrow).  Last week there were 1893 active listings with another 376 in escrow which was up from 1,702 active listings 3 months ago! 

     Historical Data for Closed (Sold) MLS Listings in Shasta County

163 closed escrows in April [...]

This last week in real estate has been a lot of hard work!  With one of the most popular additions to FHA (the Nehemiah) going away and this really being the last opportunity to get clients into escrow under the program, we had much to do in a short amount of time.  Nothing like being [...]

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My name is Sommer Mouser with Bank of America Mortgage in Redding. I’ll be sharing information on the most current mortgage trends- what products are currently working well, what new ones come along, where rates are, ideas to save you money now and in the [...]

Join the forum discussion on this post - (1) PostsResidential Listings:  There are currently 1893 active listings and another 376 listings that are pending (in escrow).  Last week there were 1886 active listings with another 393 in escrow which was up from 1,702 active listings 3 months ago! 
Historical Data for Closed (Sold) MLS Listings in Shasta County

163 closed escrows in April [...]

Join the forum discussion on this post - (1) PostsAccording to the latest Zillow Real Estate Market Report, although home price averages dropped 6.5% in Redding in the second quarter of 2008 compared to the second quarter of 2007, this was a much lower drop than the national average of 9.9% during the same [...]

Join the forum discussion on this post - (1) PostsWe’ve created a page on the blog that allows you to search all of the Redding and Shasta County bank-owned (REO) properties and reposessions (REPO’s).  These properties have all already gone back to the banks at the courthouse steps and have actually been listed in [...]

Join the forum discussion on this post - (1) PostsReal estate in Redding has picked up over the last week, according to our perception.  The number of houses on the market has decreased slightly as we expect it to continue to do as fall draws nearer which always happen as the winter holidays encourage [...]

Well we have been working with many clients lately that have been interested in Short Sales or REO’s.  I’d like to explain the difference as most people coming to us don’t really understand exactly what each is.
A short sale is a property that is being sold “SHORT” of the amount owed on it.  This means [...]

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Redding homeowners, help is on the way!  Saturday the US Senate passed the Housing Rescue Bill, a bill allowing nearly 400,000 home owners to refinance into affordable, government-backed loans. The bill, strongly supported by the NATIONAL ASSOCIATION OF REALTORS®, passed by a margin of 72-13. [...]