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Nothing from me today but check out this article in the Roseville Press Tribune… I don’t know how much they make a difference but little things like this are awesome in my mind and are just another way to support our HEROES after they come home from serving our country!
At the end of October there were 6.3 million homeowners currently behind on their mortgage in the US. A big number, right? However the data shows that this number has been on a steady decline for the last two years. In just January of this year that number was closer to 6.9 million. The January before (2010) the number was 8.1 million!
We’re seeing the benefits of this already in the Sacramento/Placer markets as housing inventory is at about a 2 month supply. A more “normal” or healthy market has about a 4 month supply of homes at any given time. I’m also seeing the home values of many of my clients, from midtown Sacramento to Roseville, see the values of homes they bought in the last year or so RISE (not a huge rise, but that is better than declining or even being just flat). This doesn’t mean a reversal of fortune, that people who bought in 2006 are going to see the value of their homes rise to the level it was back then any time soon, but it’s a start. Bringing you the good news, with real numbers, that you don’t get anywhere else! Greg Cowart
The 24,000 sq ft former Circuit City location on Fairway Drive opens at 9AM next Friday (11.18.11) with a ribbon cutting ceremony and a financial donation to Thomas Jefferson Elementary School located right across the street. Like all of its locations the Roseville Big Lots will sell name brand products in categories from food to furniture to TVs and seasonal goods for what they say is 40-70% off of what other retailers sell the same item for. Roseville’s project of retrofitting 16,000 homes with water meters has finally come to an end. Mayor Roccucci installed the final meter at a celebratory event calling the ten year project completed. “Becoming a fully metered city helps define Roseville and the region as leaders in water use efficiency in this state,” said the mayor in a written statement. http://www.roseville.ca.us/news/displaynews.asp?NewsID=2922&TargetID=1
While it’s late (to me) for the first time in as long as most of us can remember Roseville’s bottleneck is about to become thing of the past. The ‘I-80 Capacity and Operational Improvements project’ is almost completed and much of it (the 1st and 2nd phase) are already completed as of this week. The third phase of the project will extend new freeway lanes from Miners Ravine to about a mile east of Highway 65. The final phase should be done by the middle of October. The completion of the expansion means a total of six East-bound traffic lanes, one being a carpool lane and another an auxiliary lane, are open between Riverside/Auburn Blvd and just past the Eureka Road exit. West-bound lanes will be extended to the same amount once the project is fully completed. An average of 165,000 cars and trucks pass through the bottleneck area every day… To see more on this project and other goings-on in Placer County transportation use this link: LINK Greg
The deal was unanimously approved by the board Tuesday. The Roseville City Council is expected to take up the item in October. Once it has been finalized it will clear the way for more than $150 million in infrastructure improvement to Sierra Vista and Creek View, the sites of most of the new development, and Reason Farm Environmental Preserve which will be retained as a preserve. The agreement also allows Placer County to support annexation of the 4,700 acres by the City Of Roseville in exchange for nearly $20 million in annual property/sales tax dollars once all the land has been developed. Greg No, no it hasn’t. But it has cut them by about 85%! So far no one is complaining!
Roseville PD officers are now assigned dangerous areas and asked to be creative, consulting with community leaders and traffic engineers if need be. “If collisions are high at one intersection, tell me how to solve that,” Roseville Police Chief Daniel Hahn says. “It might be red lights, or erecting a median, or simply beefing up presence at certain hours.” And “well, the whole time you’re doing that, that you’re not writing tickets, you’re solving the problem. You’re permanently solving the problem,” So far the results have been great with accidents down more than 7% in the first half of the year. Something else that makes this to the people of Roseville? With fewer tickets and fewer accidents comes more affordable auto insurance! Why not do this everywhere? As the police chief in Roseville emphasized: The ultimate goal is public safety. But saving a few bucks on my insurance bill isn’t too bad either… Greg A few weeks ago Bank of America agreed to participate in a state-run program to reduce mortgage balances for struggling homeowners in California. This announcement makes them the 7th to do so and also the biggest mortgage lender to be part of the aid program.
Keep Your Home California provides a number of forms of help to homeowners, from interest rate modification all the way up to reducing the actual principal balance of the mortgage. The principal-reduction program requires the lenders to match the program’s assistance dollar for dollar. Meaning if the Keep Your Home California program were to offer $20,000 in assistance, the lender/servicer (BofA in this case) would also have to contribute $20,000, reducing the mortgage balance by $40,000 in total. California Housing Finance Agency’s (CalHFA) program manager, Diane Richardson, said $94 million worth of aid has been committed to over 5,000 homeowners so far. Of those, about 10% have received some amount of principal reduction. For more information click on www.keepyourhomecalifornia.org ~Greg This week the James Irvine Foundation awarded a $46,000 grant to Roseville Arts’ Blue Line Gallery (the original announcement of the award was a couple weeks ago). The funds will be used for creative arts programs for local youth, a big part of the gallery’s focus. Roseville Arts’ Blue Line Gallery is a state-of-the art, 5,000 square foot gallery located at 405 Vernon St in historic downtown Roseville. The nonprofit gallery hosts ever changing exhibitions, rotating every six weeks between the three galleries: the Coker Family Gallery, the Eli & Edythe Broad Children’s Gallery, & the Westpark Workshop Gallery. Blue Line was founded in 1963 as the Roseville Arts Center. Receptions occur every third Saturday during Roseville’s monthly Art Walk. The gallery also offers classes, lectures, workshops and family participation every Saturday from 1 to 4PM. Address 405 Vernon Street, Roseville, CA 95678 Phone 916-783-4117 Website http://www.rosevillearts.org Hours Tues – Sat: 11:00 AM – 3:00 PM |
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BofA’s participation was almost necessary for the $2 billion program, called ‘Keep Your Home California’, which originally rolled out in February but was not able to reach many homeowners with the small lenders that were participating at the time.