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Monthly Archives: June 2008
Upcoming Auction in Somersett
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 auction, Reno, sealed bid, Somersett
18 Comments
Global Credit Markets: How Big is this Mess?
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 credit, Foreclosures, gold, Lending, Market Trends, oil, silver
78 Comments
Pendings Schmendings – 60 Days Later
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
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
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
Solds by Neighborhood: Where’s the Action?
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
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
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 joann corriera, market update, real estate, Reno
23 Comments





