You know things are getting closer to the bottom when you see investors starting to pick up properties again.Here in our area there have been some pretty good deals in the last couple months.I noticed, the notice of trustees sales in the local paper have increased so it will be awhile before we get through all the REO's/bank owned foreclosed upon homes.

The last bank owned home that made headlines was the nice little mild fixer that was priced below market and had over 28 offers on it. Whether that went to an investor or not we won't know until it closes but my guess is that it did.

There are some people running around with cash that are looking for a good bargain.It's hard for home buyers trying to get 95-100% financing to compete with the investors but the banks are looking at the offers very carefully.

If you are looking for a deal on local redding ca area real estate give me a call.

Regards,

Rick Goates