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Monthly Archives: April 2008
REO Sales – Waggin’ the Dog
The March sales numbers from the Center for Regional Studies finally got released today, and some very interesting (and disturbing, if you are a seller) trends are emerging. 55% of all resale SFR’s and condos recorded by the Assessor’s office … Continue reading
Posted in Foreclosures, General, Market Trends
61 Comments
Life in the Land of Earthquakes
First of all, I thought when I moved from Northern California to Nevada, where nothing ever happens except for Vegas, where whatever happens there magically stays there anyway… I would completely leave the whole Bay Area earthquake thing behind. Turns … Continue reading
Do Special Conditions of Sale Affect Salabilty?
While writing my last post it occurred to me that also tracking closings per type of “special condition of sale” would be an interesting exercise. As of today our MLS is showing 4,305 listings [Reno-Sparks residential]. Breaking out these by the … Continue reading
Pendings Schmendings
Having just experienced yet another “pending” short sale fall out of escrow, I am wondering if these “transactions in limbo” can really be considered as Pending. With no meaningful time lines given by the lenders who are supposed either approve … Continue reading
Ripples in Our Local Market
Is it just me, or does the 5:30 commute on 395 from South Reno to I-80 seem lighter to you these days? Yesterday I had lunch with some colleagues at a an upscale restaurant in South Reno. I arrived at … Continue reading
Posted in Agent Insights, General, Market Trends, Market Trends
Tagged bank owned, foreclosure, Market Trends, nv, Reno, REO
33 Comments
You Don’t Need to be a Baker to Know What a Good Cake Tastes Like!
[Smarten originally posted this on Chase Nation. Since it was not specific to the conversation about Reno-Tahoe real estate and more of an industry piece, we had to make it visible to friends-only over there. However it's a great little post … Continue reading
Posted in Real Estate Industry, Real Estate Industry
4 Comments
Tahoe Home Prices Return to 2004 Levels
From the local rental market we go to the other end of the housing spectrum. The lead story in today’s RGJ’s Business section concerned the Tahoe housing market: Average Tahoe home price drops below $1 million This story contains commentary … Continue reading
Reno’s Rental Market Stable
Frequently readers write in and ask about the rental market here in Reno. Unfortunately we don’t track the rental market as closely as we do the residential sales market, so we seldom can offer specific data. [Note: to our commenters … Continue reading
