Completed foreclosures rose 2.5 percent in June from May, CoreLogic reported Tuesday. Its report follows another recent one from Lending Processing Services that showed nearly a 10 percent rise in the national delinquency rate in June compared to May.
About 1 million homes are in the foreclosure inventory as of June, CoreLogic reports. That does mark a 28 percent decrease in the foreclosure inventory compared to last year.
Forty-nine states reported a year-over-year decline in foreclosure rates in June.
“The housing market is clearly on the mend, but we expect the ultimate conclusion of the present housing down cycle to be another several years away,” says Anand Nallathambi, president and CEO of CoreLogic.
CoreLogic reports the five states with the largest foreclosure inventories — as a percentage of mortgaged homes — in June were:
Fair Office will extend its hours and be open this weekend for discounted ticket sales!
Tickets for the Nevada County Fair are on sale now. Purchase your admission, carnival tickets, and arena event tickets before the Fair begins and save money! The Fair Office is open Monday through Friday from 8 am to 5 pm, and will be open specifically for ticket sales on Saturday, August 3 and Sunday, August 4 from 10 am to 5 pm on both days. You can also save time by purchasing your Fair tickets online at NevadaCountyFair.com.
Buy your admission tickets before August 6 at 5 pm and get an admission ticket for $6. Or, purchase a “Be A Kid Again” adult admission ticket for Thursday of the Fair for only $4. You can also take advantage of other pre-sale offers, including a five-day Fair pass with unlimited entry for $30; an event parking pass for $25; a carnival ride bracelet, good for unlimited rides for any one day, for $23; or a carnival ride booklet of 30 coupons for $20.
Now is the time to also purchase your arena event tickets. The Rodeo is on Thursday, Professional Bull Riding on Friday, and Tough Truck Racing and Monster Trucks on Saturday and Sunday evenings. Wednesday night’s arena event, Farm and Ranch night, is free with paid admission to the Fair.
There are several ways to get your Fair tickets early. Purchase them on-line at www.NevadaCountyFair.com or stop by the Fair Office on McCourtney Road by Tuesday, August 6, at 5 pm. Or you can call the Fair Office at (530) 273-6217 by August 5 at 5 pm. The Fair Office at Gate 1 is open Monday through Friday from 8 am to 5 pm, and will also be open on Saturday, August 3 and Sunday, August 4, from 10 am to 5 pm on both days.
After August 6, admission for the Fair is $9 for adults, $6 for seniors, $4 for children
6-12, and free to children under the age of 5.
This year’s Nevada County Fair is August 7 – 11. The Fair’s Office is located on McCourtney Road in Grass Valley. The phone number is (530) 273-6217 and the website is www.NevadaCountyFair.com.
Wendy Oaks
Publicist, Nevada County Fairgrounds
(530) 273-6217
Do you love to sing? If so, you could win $100, a Fair admission package, and money for your favorite charity! The Nevada County Fair is looking for talented vocalists to sing in the Idol Competition at this year’s Fair.
Nevada County residents ages 16 and up are invited to participate in this crowd favorite on Wednesday, August 7, at 5 pm on the Pine Tree Stage at the Fairgrounds. The grand prize is $100, two Fair admission tickets, parking, two Saturday night arena tickets, and carnival rides. Second place prize is $50, two admission tickets, parking and carnival rides; and third prize is $25, two admission tickets and parking. New this year is the People’s Choice Award, which is $100.
Singers will be judged by a panel of local celebrities, who will narrow it down to five finalists. Audience members will then vote with wooden tokens (that can be purchased at the event) for the grand prize winner. The tokens will be weighed on stage and the winner will be announced that night. All tokens collected will be converted back to cash and then donated to the non-profit of the winner’s choice. The voting for “People’s Choice” will take place during round one and announced with the Grand Prize Winner.
Last year’s Idol Competition winner was won by Khalee Lofton, who received money for her charity of choice – J & J Performing Arts.
Early entry is encouraged, as there is a limit of 15 contestants for this event. The entry fee is only $5, and entries close on Friday, August 2, at 5 pm. All contestants will receive a free admission pass to the Fair on Wednesday.
A complete list of rules and a registration form can be obtained from the Fair’s website at www.NevadaCountyFair.com, by calling the Fair Office at 273-6217, or sending an e-mail to debby@nevadacountyfair.com. Tri Counties Bank has graciously donated its time to sell tokens during the show.
Bring your friends and be prepared for a great night of music and entertainment at this year’s Nevada County Fair, August 7 – 11.
By:
Wendy Oaks
Publicist, Nevada County Fairgrounds
(530) 273-6217 wsoaks@gmail.com
Art Whitney Hall of Fame inductee. Photo credit: Shaffer Originals.
Art Whitney has been named to the Nevada County Fair’s Hall of Fame. The Fair’s Board of Directors recognized Art for his many years of service to the Nevada County Fair, as well as for his commitment to the growth and success of the Nevada County Fairgrounds.
Art served as a director on the Fair’s Board of Directors for two terms (1997 – 2001 and 2007 – 2012), as well as a Fair exhibitor, as a local beef 4H leader, and a county beef leader.
Art and his family moved to Nevada County in 1987, after a four year excursion living abroad on their sail boat. They settled in South County and immediately enrolled their sons in 4H beef projects. Since the 4H chapter didn’t have a beef leader at that time, he volunteered. He’s been involved in livestock ever since, and not surprisingly, when asked about his favorite part of the Fair, Art admits it’s all the livestock events – especially the Round Robin competition.
In addition to serving in the livestock community, Art was appointed to the Fairgrounds’ Board of Directors in 1987, where he took an entrepreneurial approach to decision making and utilized his strong livestock background to guide the Board. Additionally, Art generously contributed to the improvements in the livestock barns – the development of the Whitney Pavilion and the Beef Show Ring are evidence of Art’s personal generosity.
“I believe the Fair is an integral component in the process of raising children,” said Art. “This environment provides the perfect mechanism for developing young minds and bodies. It is here that kids learn communication and team building skills and have a terrific time that they will remember forever. I hope the community understands the importance of preserving this great venue so future families will enjoy the same benefits that so many families before them have. Given the current financial predicament of our state, it is imperative that the Nevada County community bond together and financially support this great institution.”
Art is the CEO of Pacific West Pharmacy and Advantage Pharmaceuticals. He is also the Chairman of the Board of the Placer County Farm Supply, and a member of the Board of Directors at Mayers Memorial Hospital. Art and his wife Caroline have three boys who have all participated in the Fair and have gone on to be outstanding citizens in their communities. Additionally, they have a daughter, who attends McArthur High School (in Fall River Mills), serves as McArthur’s FFA Chapter president, and is active in the local county fair.
When he’s not working or volunteering, he enjoys time on his ranch, Whitney Meadows, “where we raise all of our own hay, have a herd of registered horned Herefords, and too many horses. We enjoy watching our daughter compete in rodeo and we spend a lot of time helping neighbors with annual brandings, which mimic the old days of spending days gathering cattle, roping and dragging to the fire with great community camaraderie.”
Art is surprised about his induction into the Hall of Fame. “What an honor,” he said. “I’m not sure I deserve this; there are tons of folks who dedicate so much to make this Fair great.”
“As a director, Art provided insight and wisdom, and his business vision and forward thinking attitude led the Fair to embrace an enterprising business style,” said Sandy Woods, CEO of the Nevada County Fairgrounds. “He is an astute business person, as well as incredibly generous. It’s an honor to be able to recognize him in the Nevada County Fair Hall of Fame.”
Art will be formally inducted into the Hall of Fame at opening day ceremonies on Wednesday, August 7. In addition to access to the Fair and its many activities, Art will receive a portrait donated by Shaffers Originals of Grass Valley.
The 2013 Nevada County Fair is August 7 – 11. For more information, visit www.NevadaCountyFair.com or call (530) 273-6217.
By:
Wendy Oaks
Publicist, Nevada County Fairgrounds
(530) 273-6217 wsoaks@gmail.com
Participate in Community Involvement Day and receive free tickets
The Nevada County Fairgrounds, the Food Bank of Nevada County, Foothill Lions, and BloodSource are teaming up on July 29 for Community Involvement Day – a day to donate items to these non-profit organizations, while also receiving free tickets to the Fair. These organizations will be set-up at the Fairgrounds Gate 1 main parking lot on Monday, July 29, from 1 – 6 pm, to receive donations of the following items:
Food Bank of Nevada County: Donate four cans of food to the Food Bank of Nevada County, and receive a coupon to redeem for one free Fair admission ticket with the purchase of one Fair admission ticket. That’s two for the price of one! For more information about the Food Bank of Nevada County, visit www.foodbankofnc.org or call (530) 272-3796.
Foothill Lions: Drop off a donation of an old hearing aid or old prescription eye glasses and receive a coupon to redeem for one free Fair admission ticket with the purchase of one Fair admission ticket. It’s two for the price of one!
BloodSource: Make a blood donation at the BloodSource bloodmobile located in the main parking lot (Gate 1) at the Nevada County Fairgrounds, and receive a free admission ticket to any day of the Fair. For more information and eligibility about blood donation, visit www.bloodsource.org or call 1-866-822-5663.
Feel free to donate to any one organization or all of them! To receive your free tickets, all donations must be brought to the Gate 1 parking lot at the Fairgrounds on July 29 between the hours of 1- 6 pm.
Coupons received for the donations to the Food Bank of Nevada County and Foothill Lions (by one, get one free) must be redeemed during pre-sale dates, which take place until August 6. Presale discounted tickets will be available for purchase on Community Involvement Day at Guest Services, Gate 1.
This year’s Fair is August 7 – 11. Visit www.NevadaCountyFair.com for more information or call the Fair Office at (530) 273-6217.
Contact: Robin Hauck, Deputy Manager
(530) 273-6217; Robin@NevadaCountyFair.com
The number of homes for sale rose 4.3 percent in June to 1.9 million—the highest level in the past year. These gains are also higher than usual for this time of year, according to newly-released housing data from realtor.com®.
Following two years of declines, housing inventory is finally reversing course. More home owners are seeing rising prices and may be more apt to try to sell their homes.
The number of homes for sale has risen the most in the past year in areas that had seen the largest declines, such as Sacramento, Calif. (up 11 percent), Atlanta (up 10.9 percent), Phoenix (up 6.2 percent), and Miami (up 2.2 percent). From May to June, inventories soared by the highest month-over-month amounts in Southern California, with inventories up 51.5 percent in Orange County, 45.7 percent in Los Angeles, and 18.1 percent in San Diego, according to realtor.com®.
However, inventories of homes for sale remain far below last year’s level in markets such as Boston (down 35.1 percent), Denver (down 30.1 percent), Detroit (down 25.7 percent), Seattle (down 23.2 percent), and San Francisco (down 21.7 percent).
Realtor.com® also reports that median asking prices climbed 0.5 percent in June from May, reaching $199,900. Median asking prices are up by 5 percent over last year.
Winner of the 10th annual Gingerbread House Competition at the Country Christmas Faire Best of Show winner Wanda Dunn of Penn Valley
Want to enter something in the Nevada County Fair? There’s still time! The deadline for submitting paper entry forms or to enter on-line using the Fair’s on-line entry system is July 19 at 4 pm. There are no entry fees for most categories, so simply visit the Fair Office on McCourtney Road or log-on to the Fair’s website at www.NevadaCountyFair.com to complete the entry process.
Join the thousands of Nevada County residents who enter exhibits each year in the more than 300 available categories. If you can make it, bake it, grow it or show it, we have a category for you! Don’t delay – enter now!
Complete descriptions of all categories are available in the Fair’s Competition Handbook, which is available on the Fair’s website at www.NevadaCountyFair.com or at the Fair office.
The 2013 Fair is August 7 – 11. For more information, call (530) 273-6217 or visit www.NevadaCountyFair.com.
Freddie Mac today released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing average fixed mortgage rates continuing to trend higher for the week on more market speculation that the Federal Reserve will reduce future bond purchases following June’s strong employment report.
News Facts
30-year fixed-rate mortgage (FRM) averaged 4.51 percent with an average 0.8 point for the week ending July 11, 2013, up from last week when it averaged 4.29 percent. Last year at this time, the 30-year FRM averaged 3.56 percent.
15-year FRM this week averaged 3.53 percent with an average 0.8 point, up from last week when it averaged 3.39 percent. A year ago at this time, the 15-year FRM averaged 2.86 percent.
1-year Treasury-indexed ARM averaged 2.66 percent this week with an average 0.5 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.69 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.
Matthew & Jeanette Angell proud owners of the Olive Vitality. Photo credit: Jeanette Angell
Last Sunday Judy, my daughter Teresa and I walked the streets of Grass Valley like tourist coming up from the Bay Area. Having not walked down Mill Street for a while, I was surprised at the many new stores that have opened and of course the many that have closed.
One great new store is the “Olive Vitality” which opened last March. Claiming the freshest olive oils and vinegars on tap, which looking at the inside of the store, I believe it. I counted over 21 different flavors of balsamic vinegar!
You name the flavor of balsamic vinegar and they seem to have it. For example, flavors of strawberry black cherry, dark chocolate, cinnamon pear, espresso and the list goes on for 21 flavors. It seems like all of their balsamic vinegar is imported from Modena, Italy
Olive Vitality show room. Photo credit: Jeanette Angell
Besides selling regular olive oil, they like to infuse flavored into olive oil, creating a series of mouthwatering oils to be used for just about every occasion. A few examples, organic basil olive oil, blood orange fused olive oil, organic butter olive oil, and again the list goes on.
The store is well laid out and the owners Matthew & Jeanette Angell are gracious and eager to give you samples of their many exotic products. Be sure and visit them when you are in town at 126 Mill Street, Grass Valley, CA.
For more information, you can go to their website Olive Vitality
Foreclosures are continuing a steady fall, as home prices rise and the housing market picks up nationwide.
About 1 million homes were in some stage of foreclosure in May, down from 1.4 million in May 2012, a 29 percent decline, according to CoreLogic’s latest foreclosure report. As of May, the foreclosure inventory represented 2.6 percent of all homes with a mortgage — down from 3.5 percent a year prior.
There were 52,000 foreclosures completed nationwide in May, down 27 percent year over year. However, the numbers are still elevated compared to what’s considered normal for the market. Prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month between 2000 and 2006, according to CoreLogic.
Since September 2008 — the start of the financial crisis — about 4.4 million foreclosures have been completed, CoreLogic’s data shows.
Meanwhile, shadow inventory is down 34 percent from reaching its 2010 peak. It was under 2 million units in April, representing a 5.3 month supply.
“We continue to see a sharp drop in foreclosures around the country and, with it, a decrease in the size of the shadow inventory,” says Anand Nallathambi, president and CEO of CoreLogic. “Affordability, despite the rise in home prices over the past year, and consumer confidence are big contributors to these positive trends. We are particularly encouraged by the broad-based nature of the housing market recovery so far in 2013.”
The stock of seriously delinquent homes, which is the main driver of shadow inventory, is at the lowest level since December 2008, adds Mark Fleming, chief economist for CoreLogic. “Over the last year, it has decreased in 42 states by double-digit figures, resulting in rapid declines in shadow inventory for the first quarter of 2013,” Fleming says.
The following five states account for nearly half of all completed foreclosures nationally and had the highest number of completed foreclosures in the last 12 months ending in May:
