Well this week has been the rush to get all of our buyers that have been working under the Nehemiah program (a grant program given by sellers to buyers of FHA loan homes) into escrow before the program goes away permanently. I think we were successful and learned a lot along the way. Although we were skeptical about how it worked (seller made a grant to the Nehemiah foundation who in turn granted the money to buyers) it did help a lot of first-time buyers who otherwise wouldn't have been able to gather a down payment. Okay..here's today's real estate market update:
Residential 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!
To read the entire post about the local Redding Real Estate Market click here
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Realtors serving Redding, California and surrounding areas of Shasta and Tehama Counties including Palo Cedro, Anderson, Cottonwood, Red Bluff, Shasta, Millville and Shingletown.
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