Tag Archives: NEVADA

312,000 Residential Properties Regain Their Equity

Photo courtesy of: http://www.jokeroo.com/pictures/funny/983393.html
Photo courtesy of: http://www.jokeroo.com/pictures/funny/983393.html

 

FRIDAY, JUNE 06, 2014
About 312,000 residential properties regained equity in the first quarter of this year, raising the total of residential properties with equity to more than 43 million, CoreLogic reported Thursday in its annual home equity report.

Still, as of the first quarter, about 6.3 million homes – or 12.7 percent – have negative equity compared to 6.6 million or 13.4 percent in the fourth quarter of 2013. Negative equity refers to borrowers who owe more on their mortgage than their homes are currently worth.

What’s more, of the 43 million residential properties who do have equity, about 10 million have less than 20 percent equity, an at-risk position to be in if home prices were to fall, according to CoreLogic’s report. About 20.6 percent of all residential properties are in what’s considered such an “under-equitied” position.

“Despite the massive improvement in prices and reduction in negative equity over the last few years, many borrowers still lack sufficient equity to move and purchase a home,” says Sam Khater, CoreLogic’s deputy chief economist. “One in five borrowers have less than 10 percent equity in their property, which is not enough to cover the down payment and additional costs associated with a conventional mortgage.”

But CoreLogic is projecting an additional rise in home prices of 5 percent over the next 12 months which is expected to lift another 1.2 million properties “out of the negative equity trap,” says Anand Nallathambi, president and CEO of CoreLogic.

CoreLogic’s report shows the following states have the highest percentage of all mortgaged properties in negative equity:

Nevada: 29.4%
Florida: 26.9%
Mississippi: 20.1%
Arizona: 20.1%
Illinois: 19.7%
Source: CoreLogic

 

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Nevada County Fairgrounds Foundation To Host Crab Cioppino Feed

The magnificent six-up competition is always a crowd favorite at the Draft Horse Classic and Harvest Fair at the Nevada County Fairgrounds in Grass Valley.
The magnificent six-up competition is always a crowd favorite at the Draft Horse Classic and Harvest Fair at the Nevada County Fairgrounds in Grass Valley.


Join the Nevada County Fairgrounds Foundation at its second annual Crab Cioppino Feed on Saturday, March 31 at 6 pm at Ponderosa Hall at the Nevada County Fairgrounds.

For the event, Chef Arnie Romanello will create and serve his special 100-year-old recipe for all to enjoy. Dinner includes antipasto, all-you-can-eat Cioppino, salad and garlic bread. A no-host bar will also be available, and there will be a silent dessert auction and a live auction.

Tickets are $40 per person.  Receive a $5 discount per ticket (up to four tickets) if you renew your Foundation membership or become a 2012 Foundation member at time of purchase.

Tickets are available by visiting the Nevada County Fairgrounds, calling the Fair Office at (530) 273-6217, or downloading an order form at www.NevadaCountyFair.com/Foundation.

Proceeds from the event will benefit the Nevada County Fairgrounds Foundation and its mission of supporting and improving the community’s Fairgrounds.

For more information, visit www.NevadaCountyFair.com or call the (530) 273-6217.

By:

Wendy Oaks
Publicist, Nevada County Fairgrounds
(530) 273-6217
wsoaks@gmail.com

 

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John J. O’Dell Realtor® GRI
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(530) 263-1091
Email jodell@nevadacounty.com

DRE#00669941

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Volunteer To Remove Scotch Broom In March 2012

Volunteer Now and help control scotch broom and join the Scotch Broom Challenge in Nevada County.

The Scotch Broom Challenge was created in 2007 to address the spread of this highly flammable and invasive plant in our community. The Scotch Broom Challenge started with just a few sites in Nevada County. In the spring of 2011 over 250 volunteers took the Scotch Broom Challenge and pulled broom at 17 sites throughout Nevada County and Placer County.

This year local groups and agencies are once again teaming up to pull Scotch broom at the sites listed below and we are looking for volunteers from the community who want to come out and join us. The Scotch Broom Challenge pulls are generally from 9 am to 12 pm, unless otherwise stated. No experience is necessary and we provide the equipment and supplies.

 

Saturday, March 3, 2012 & March 4, 2012

Champion Mine Road

Greater Champion Mine Neighborhood Association

Work continues along Champion Mine Road sponsored by the Greater Champion Mine Neighborhood Association. Nevada Irrigation District is now collaborating on removal of broom in the ditch. The work parties are both days. Project site coordinator is Frances Jorgensen. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site.

Saturday, March 3, 2012

Burton House

Bear Yuba Land Trust

Located on Lake Vera Purdon Rd in Nevada City, this preserve is owned by the Bear Yuba Land Trust. The approx 40 acre site is home to a community garden, Food Love Project, a Maidu educational center complete with bark huts and an outdoor education program led by Rick Berry and his Fox Trotters. Project coordinator Allison Dawson. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site.

Saturday, March 10, 2012

Tyler Foote Road, North San Juan

North San Juan Fire protection District

Help make one of the primary evacuation routes for the North San Juan Ridge area safe, along Tyler Foote Road, starting near the Fire Station that would be used as a key staging area during a fire. A great chance to learn how to remove Scotch broom effectively. Project site coordinators are Jo Ann and Rusty Kauffman. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site.

Saturday, March 10, 2012

Hell’s Half Acre

Red Bud Chapter CNPS

Work continues to remove broom from Hell’s Half Acre which is a unique biological site and is currently used by the Red Bud Chapter of the California Native Plant Society for education and restoration of native plant species. This site is located immediately adjacent to Twin Cities Church off the Rough & Ready Highway just outside Grass Valley. Volunteers are meeting on the corner of Adam Ave and Rough & Ready Hwy. This project site is sponsored by the Red Bud Chapter of CNPS. Project site coordinators is Bill Wilson. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site a week in advance.

Saturday, March 10, 2012

North Star Mine House

Bear Yuba Land Trust

Located on Auburn Road just beyond the Fairgrounds, the North Star House in owned by the Bear Yuba Land Trust and hosts a variety of events including a weekly summer Grower’s Market and the Stars at North Star Concert. Project coordinator Allison Dawson. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site.

 

Saturday, March 17, 2012

he Scotch Broom Challenge was created in 2007 to address the spread of this highly flammable and invasive plant in our community. The Scotch Broom Challenge started with just a few sites in Nevada County. In the spring of 2011 over 250 volunteers took the Scotch Broom Challenge and pulled broom at 17 sites throughout Nevada County and Placer County.

This year local groups and agencies are once again teaming up to pull Scotch broom at the sites listed below and we are looking for volunteers from the community who want to come out and join us. The Scotch Broom Challenge pulls are generally from 9 am to 12 pm, unless otherwise stated. No experience is necessary and we provide the equipment and supplies.

Bring your family and friends, pick a site and participate in one of Nevada County’s most fun and satisfying challenges.

 

Oak Tree Park, North San Juan

Oak Tree Park District

New work was begun last year at the site of the Oak Tree community park. Work will continue at this site in order to control the existing broom and reclaim land lost to dense infestations. This site is sponsored by the Oak Tree Park District. The project site coordinator Grant Wayman. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site.

Saturday, March 24, 2012

Wolf Creek at Wolf Creek Road

Wolf Creek Community Alliance

This is the Fourth year for this site and we’ve nearly accomplished our goal. We will be addressing re-sprouting from prior pulling efforts. Consideration for re-vegetation of this site is being evaluated. This site is sponsored by the Wolf Creek Community Alliance. Project site coordinator is BJ Schmitt. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site.

Saturday, March 24, 2012

Woodpecker

Bear Yuba Land Trust

Woodpecker Wildlife Preserve is located on Banner Mountain just off Gracie Road. It is a 28 acre preserve owned by the Bear Yuba Land Trust. There are public trails on the preserve that are actively used by the community. This preserve overlooks Nevada City and is a wonderful resource for bird watchers, mountain bikers and hiking enthusiasts. The project site coordinator Allison Dawson. Please register with the Fire Safe Council of Nevada County to volunteer on this site or any other site.

For more information or to volunteer please call 530-272-1122 or send an email to info@areyoufiresafe.com

 

For all your real estate needs:
Call or email today
John J. O’Dell Realtor® GRI
Real Estate Broker
Civil Engineer
General Contractor
(530) 263-1091
Email jodell@nevadacounty.com

DRE #00669941

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