What $2.6M will buy in Palo Cedro

Here’s a link to a luxury home listing that just closed escrow in Palo Cedro. The photos are very high quality, and it’s worth a look just for that alone. We believe the quality of the home photography makes a huge difference to the desirability of any home home listed online. Kudos to this photographer/artist. See what you think. Of course it helps to have such a lovely subject to photograph…
Nice sale. The agent representing the buyer was Realtor Cory Meyer, who also has a new daughter as of yesterday, according to Facebook. Congratulations on both events!

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Local Freddie Mac properties soon to be listed

We received this list a few minutes ago from Freddie Mac about upcoming government owned REO properties soon to be for sale:

Property Status: PRE-LISTING
Address City County< td>St Bed Bath List Price Broker Phone

Zip Code: 96001
7030 IRVING RD REDDING SHASTA CA 3 2.00 $0 REALTY WORLD TRISHASTA
1725 ROANOKE AVE REDDING SHASTA CA 3 1.00 $0 COLDWELL BANKER C & C PROP INC

Zip Code: 96002
2177 WILSON AVENUE REDDING SHASTA CA 0 0.00 $0 COLDWELL BANKER C & C PROP INC
2204 DEERFIELD AVE REDDING SHASTA CA 4 2.00 $0 COLDWELL BANKER C & C PROP INC
2138 ALDEN AVE REDDING SHASTA CA 4 3.00 $0 COLDWELL BANKER C & C PROP INC
2845 RANCHO ROAD REDDING SHASTA CA 3 2.00 $155,900 KAY DUB U REDDING DBA KELLER WILLIAMS RLTY

Zip Code: 96003
5313 VALLEY RIDGE DRIVE REDDING SHASTA CA 0 0.00 $0 COLDWELL BANKER C & C PROP INC

Zip Code: 96088
30788 BAMBI DRIVE SHINGLETOWN SHASTA CA 3 2.00 $0 REALTY WORLD TRISHASTA

Zip Code: 96096
12582 FERN RD WHITMORE SHASTA CA 0 0.00 $0 COLDWELL BANKER C & C PROP INC

Although not yet listed, we can get you more information about any of these properties. Just call!
(530) 255 4070

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No Double Dip in Redding area home prices.

Click to read article

If only because that would imply we had a brief rise before resuming a decline. If so, we haven’t noticed it. Nationwide, a few areas had seemed like they were recovering, only to return to a slide in prices. So we have seen articles like this one today from DS News that seem invalid.

Our distinct impression is that local prices been on a straight decline. Bad news for sellers, but terrific news for buyers. It all depends on which side you are on. This article today from David Benda over at Redding.com seems only to confirm our perception.

All real estate is local. Sorry for you double dippers. We’ve only known the dip…

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10 largest homes for sale in or near Redding CA

Go big or go home. That’s what the guys with the lifted pickup trucks say. Buy one of these homes and you can do both simultaneously. We last ran a post about the 10 smallest homes for sale around here. Now for some big ones.

This historic building in Millville is a private residence currently for sale


Along with the unique Millville home shown above, we’ve provided a link to the 10 largest homes for sale in and around Redding California at the link. They range from a 16,050 sqft corporate retreat in Lakehead, to a 5744 sqft 3/2.5 in Fall River Mills. Click on over, and call us when you decide which one is big enough for you.

#8 is this lovely Redding CA home listed by Gloria Speigle of Coldwell Banker

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The 10 smallest homes for sale in the Shasta MLS

Small homes are easier on the environment. Just how much space do we humans truly need to live comfortably? Here is a link to an interesting article about 18 small green homes that live large.

Then, if you find yourself inspired by appropriate-sized housing, here’s a link to the 10 smallest homes currently listed in the Shasta MLS. There are some interesting and unusual habitats to be found, including this solar powered home pictured to the left, located on 160 lovely acres west of Redding California.

Prices start under $40K, so apparently living smaller and greener can be kind to your wallet as well.

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Martin Luther King and Fair Housing

Change is hard. No big changes to the way people think in this life come without struggle.
In the 1960′s, when I was but a lad, those around me told me that the Reverend King was a “troublemaker,” and that only rioting and unrest followed him around. Everywhere he spoke, nothing but trouble. That was my earliest impression of Martin Luther King, from the comfortable confines of my suburban childhood.
Today we sometimes take Fair Housing laws for granted. This is from Wikipedia.

In the United States, the fair housing (also open housing) policies date largely from the 1960s. Originally, the terms fair housing and open housing came from a political movement of the time to outlaw discrimination in the rental or purchase of homes and a broad range of other housing-related transactions, such as advertising, mortgage lending, homeowner’s insurance and zoning. Later, the same language was used in laws. In April 1968, at the urging of President Lyndon Baines Johnson, Congress passed the federal Fair Housing Act, Title VIII of the Civil Rights Act of 1968, only one week after the assassination of Martin Luther King, Jr.

And, apparently the Reverend King was indeed a troublemaker. Below from Wikipedia, he surely made trouble for this group:

“In 1963, California Legislature passed the Rumford Fair Housing Act which outlawed restrictive covenants and the refusal to rent sell on the basis of race, ethnicity, gender, marital status, or physical disability.

In reaction to the law, a well-funded coalition of realtors and landlords was determined to protect white neighborhoods and property values. They immediately began to campaign for a referendum that would amend the state Constitution to protect property owners’ ability to deny minorities equal access to housing. Known as Proposition 14, it was passed by 65 percent of the voters.
In 1966, the California State Supreme Court, in Mulkey v. Reitman, ruled that Proposition 14 violated the State Constitution’s provisions for equal protection and due process.
In 1967, in Reitman v. Mulkey, the U.S. Supreme Court confirmed the decision of the California Supreme Court and ruled that Proposition 14 had violated the 14th Amendment of the United States Constitution.”

Sad to see Realtors written into the encyclopedia on the wrong side of history. This year, I was elected as a Director at the local Shasta Association of Realtors. I pledge to work to make sure that Realtors remain on the right side of the good fights.

At the Association’s new agent orientation training in 2009, I pointed at all the new people, and told them that the Fair Housing Laws were enacted to protect ordinary people from Realtors, among others. “That’s you.” They looked surprised to hear that, but it’s the truth. Fair Housing principles are not just the right thing to do, they are the law. These precepts had to be made into law, because change is hard.

And I need to point out that The Shasta Association of Realtors currently donates money to the Legal Services of Northern California organization to promote Fair Housing with seminars and workshops for tenants and landlords. Cathy Farrel of LSNC reports that complaints about Fair Housing have been much reduced since the programs have been initiated. Thank you, Shasta Association of Realtors.

We are working today, but reflective on the life of the Reverend Martin Luther King and the ongoing struggle he has come to represent. May we all be such troublemakers.

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Repaired bank-owned homes sell faster

The appliances in this Redding REO came from a nationwide vendor.

Fixed-up REO homes sell faster, and for significantly more money. That’s the conclusion of this article about research by one of the bigger servicers, Field Asset Management (FAS). While their conclusion might seem like a no-brainer, the reason they are promoting the information has only to do with their self-interest, since they make money doing the work. Left out of the equation are the many local contractors, subcontractors, and vendors who could really use the work. Often, contracts are awarded to insiders on a national basis at distant large firms, shutting out the benefit of the work to locals.

It’s a shame. But typical of the ‘housing crisis’ money flow. It’s all in who you know…

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What the US could learn about housing from…Canada

What if our government didn’t buy mortgages? What if we didn’t subsidize housing with mortgage interest deductions? Well, we might be more like Canada, where there was no bubble. No housing crash. No “too big to fail” bank crisis. Read this thought provoking article here, or at the image for some serious food for thought.

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Local home sales results for December 2010

All real estate is local. That’s one reason why you often see so many conflicting articles in the media. Are sales up, or are they down? It depends on where you look. We compile the results for the greater Metro Redding are that extends from Whiskeytown to Shingletown, and from Lakehead to Lake California to bring you the statistical information relevant to you. Here, we see sales were up by a healthy margin:
The bars represent inventory. Local home sales were well up from the prior month, and up from December in 2009 too. Here’s the numbers behind the chart:
We have noticed the increase in activity in our own practice. We had a terrific month. Also, we have noticed the lower inventory of homes for sale is offering fewer choices than before for buyers. Interest rates are very low, and we have found buyers can easily get financing if they have decent credit scores and reliable income. It is a favorable time for buyers by most objective measures, and it looks like people have figured that out.

Part of the result is the cyclical yearly nature of local real estate sales in general, as evident in the 24 month chart. We also note again that you may see different statistical results posted elsewhere based on different data. We use sales data only relevant to Redding, and exclude sales results from outside the greater Redding area for our monthly report. Call (530) 244 7603 if you have any questions.

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