Monthly Archives: February 2008

A Conversation Overheard

Posted on February 29, 2008 by Diane Cohn

Last night I attended a multi-school choir performance at McQueen High School. A woman sat down behind the man next to me, and the conversation went something like this: Woman: Hi, I haven’t seen you for a while. I hear … Continue reading →

Posted in General | Tagged | 8 Comments

At Least We’re Only Distressed…

Posted on February 28, 2008 by Diane Cohn

…As opposed to severely distressed. Washoe and Storey Counties, along with Carson City, were ranked by Wells Fargo Wholesale Lending as simply distressed, while our sister to the south, Clark County, was ranked severely distressed. This is an improvement over … Continue reading →

Posted in Foreclosures, General, Lending | 33 Comments

“Special Conditions of Sale” – A New MLS Field

Posted on February 27, 2008 by Guy Johnson

Paragon (our MLS software) is adding a new field to all future listings to denote “special conditions” of the sale.  This field, appropriately called Special Conditions of Sale, will consist of a dropdown selection box containing the following options: None … Continue reading →

Posted in Real Estate Industry, Reno | Tagged , | 3 Comments

Go Zillow Your Bad Self

Posted on February 24, 2008 by Mike McGonagle

Zillow www.zillow.com reports that they have upgraded their algorithms to allow more accurate Z-estimates on local properties. So what do you think about the values they are assigning to you home?  High? Low?  By how much?  Are the features that … Continue reading →

Posted in General, Market Trends | 29 Comments

Banks & Builders Leading Us Downward

Posted on February 21, 2008 by Diane Cohn

I’ve been out with several buyers these last few weeks. All have been sophisticated internet shoppers with very clear ideas about what they’re looking for: views, space, upgrades, location. But at the top of everyone’s list is a great deal. … Continue reading →

Posted in Agent Insights, Developers, Developments, Foreclosures, General | 29 Comments

Mortgage Insurer No Longer Covering Nevada

Posted on February 19, 2008 by Guy Johnson

[I received the email below from one of my friends in the lending industry this morning.  I thought I’d share the information, as it seems relevant to the loan discussion that has been taking place in Mike’s Foreclosure City post.  … Continue reading →

Posted in Market Trends | Tagged , | Leave a comment

Is Time the Now to Buy?

Posted on February 19, 2008 by Guy Johnson

With the inordinate amount of “doom and gloom” posts I submit on this blog I sometimes get accused of being somewhat pessimistic.  Although I do not consider myself to be a pessimist (I believe there are opportunities in all markets), … Continue reading →

Posted in Market Trends | Tagged , | 4 Comments

Foreclosure City

Posted on February 14, 2008 by Mike McGonagle

Stick with me, this is going to be an ugly post.  This is my first try on the WordPress platform, and getting the charts and graphics looking presentable has been a challenge.  But mostly because what I see out there is pretty grizzly … Continue reading →

Posted in Foreclosures | 46 Comments