Monthly Archives: March 2008

Recycle-Palooza at Somersett

Posted on March 16, 2008 by Guy Johnson

Somersett will be holding a Recycle-Palooza Saturday and Sunday, March 29th and 30th at the Somersett Welcome Center.  After you’ve finished your Spring cleaning bring your recyclables to this event.  Items to be recycled include: computers, monitors, inkjet and laser … Continue reading →

Posted in General, Somersett | 2 Comments

Newest Columnist for the RGJ – Diane Cohn

Posted on March 16, 2008 by Guy Johnson

The Business section of this morning’s RGJ featured an article by this blog’s own Diane Cohn.  In the article Diane recounts two recent listing appointments and gives advice for would-be Sellers.  See the entire article here. Diane’s column will appear … Continue reading →

Posted in Agent Insights, General, Reno | Tagged | 2 Comments

Developer Defaults

Posted on March 14, 2008 by Mike McGonagle

That pile of dirt and half finished house next to yours may be staying that way for a while.  Individual homeowners are not the only ones defaulting on their mortgages – the developers are starting to default, too, and the … Continue reading →

Posted in Developments, Foreclosures | 23 Comments

Fallon Housing Market Strong; Yerington …not so much

Posted on March 11, 2008 by Guy Johnson

I have just received February’s “Market Condition Report” from our friends at First Centennial Title.  In addition to graphs and data contain within, the report also contains some commentary.  Be sure to take a look at pages two and three … Continue reading →

Posted in General, Market Trends | Tagged | 12 Comments

The 40% Club

Posted on March 9, 2008 by Mike McGonagle

Asking pricing on REOs and short sales have seemed "sticky" recently at 20% under peak pricing.  No surprise – the banks are loath to  write down the values of the first 80% loans.  And yeah, the higher end sellers seem not to … Continue reading →

Posted in Foreclosures, Lending | 31 Comments

Reno Sparks Real Estate Market Update

Posted on March 8, 2008 by Diane Cohn

Sales in February 2008 were off 37% from 2007. In the under $300,000 price range, a 3-month reduction in months supply of inventory, along with an increase in average price, were the bright spots in our market, indicating that perhaps … Continue reading →

Posted in General | 15 Comments

1475 Palisade

Posted on March 7, 2008 by Mike McGonagle

There are a few locations in the area that, if available, would tempt me to give up the ranchero and move on into something really signature.  Odd numbered addresses on Marsh or Palisade are on the bluff above the Truckee River, and … Continue reading →

Posted in Downtown Reno, Foreclosures, General | 17 Comments

Fannie Mae and Freddie Mac Loan Limits – Follow-Up

Posted on March 7, 2008 by Guy Johnson

[As a follow-up to yesterday's post regarding the announcement of the new FHA, Fannie Mae and Freddie Mac loan limits, I'm posting an email I received this morning from Lisa Fleck, a Senior Mortgage Planner at Indymac Bank.] As expected Fannie … Continue reading →

Posted in Lending, News | Tagged , , , | 3 Comments