Monthly Archives: June 2008

Upcoming Auction in Somersett

Posted on June 30, 2008 by JoAnn Corriera

Sealed bids will be accepted through 5 pm on July 1, 2008 for an upcoming multiple home auction involving several luxury properties in Somersett.  Six properties built by Sage Crest Builders and Knotty Bear Construction ranging from 4,000 square feet … Continue reading →

Posted in General, Market Trends, Market Trends, Properties, Somersett | Tagged , , , | 18 Comments

Global Credit Markets: How Big is this Mess?

Posted on June 27, 2008 by Diane Cohn

Last week the Telegraph UK ran an article about the Royal Bank of Scotland’s recent red-alert to investors on the state of global credit. They are predicting a full-scale stock and credit meltdown as central banks worldwide are paralyzed by … Continue reading →

Posted in General, Lending, Market Trends, Market Trends, News | Tagged , , , , , , | 78 Comments

Pendings Schmendings – 60 Days Later

Posted on June 25, 2008 by Guy Johnson

Sixty days have passed since I took a snapshot of the pendings.  The two-month-later status of those pendings is shown below.   The likelihood of closing for the various types of Pending statuses follows the trend seen thirty days later.  Again "pending short sale" has the … Continue reading →

Posted in Market Trends | 12 Comments

Real Estate Agents Continue to Hang It Up

Posted on June 24, 2008 by Guy Johnson

120 licensed Washoe County real estate agents and brokers have left the business since January of this year, according to the latest numbers released by Nevada’s Real Estate Division.  Today’s 2,984 Active licensees for Washoe County represent almost a 4% … Continue reading →

Posted in Agent Insights, Market Trends, Real Estate Industry | 15 Comments

Lake Tahoe Luxury Tour

Posted on June 24, 2008 by Diane Cohn

Tomorrow Chase International is hosting its annual Lakefront and Luxury Estates Tour from 10 am – 5 pm. This is a big event up at the lake, attracting media from throughout the west coast, where you can see some gorgeous … Continue reading →

Posted in General, News | Tagged , , , | 7 Comments

Solds by Neighborhood: Where’s the Action?

Posted on June 22, 2008 by Diane Cohn

Calls, showings and open escrows seem to be way up in our office these last two months. Something JoAnn said to me about the popularity of her lower end listings, plus what I’ve been seeing the numbers lately prompted me … Continue reading →

Posted in General, Market Trends, Market Trends, Neighborhoods, Reno, Sparks | 27 Comments

The Next Wave

Posted on June 21, 2008 by Mike McGonagle

I’m not quite ready to say that the "sub-prime crisis" is over, but the majority of these loans were 2/28s and most have been flushed out of the system.  The early resetting sub-prime loans recast at death interest rates due … Continue reading →

Posted in General | 35 Comments

Hello From JoAnn

Posted on June 20, 2008 by JoAnn Corriera

I want to sincerely thank Diane and Guy for inviting me to join the blog, but you guys out there scare me to death! I know the business and have the proven performance to say that, but there is just … Continue reading →

Posted in General, Market Trends | Tagged , , , | 23 Comments