Another month, and more records on the Washoe County foreclosure front.  291 Trustee’s Deeds, up from 288 in August and 280 in July.  398 Notices of Sale, up slightly from 396 in August, but still down from the anomalous 481 in July.  Gross Notices of Default topped out at 587, up from 559 in August […]

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Or so said Jon Stewart this evening during his commentary on what I like to call Behemoth Black Monday. Surprisingly, today the House of Representatives failed to pass the biggest bailout in US history. Perhaps because a large percentage of Americans who have no savings, investments or any direct relationship with Wall Street whatsoever contacted […]

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From my monthly median sold price table we know that Reno-Sparks home prices are now more then 30% off their peak reached in July 2005.  But this number is for all Reno and Sparks.  What are the declines by MLS area?  And did every area peak at the same time?  These are questions I was […]

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For all the fans of NAR Chief Economist Lawrence Yun and NAR President Dick Gaylord I thought I’d embed a link of a podcast released today on the National Association of REALTORs’  website.   In this edition of the President’s Podcast, NAR President Dick Gaylord sits down with NAR Chief Economist Lawrence Yun to discuss what […]

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I am sometimes asked about the state of the rental/apartment market here in Reno.  Unfortunately I do not track the rental market that closely.  However I do keep an eye out for the occasional article or report addressing the subject so that I can forward to those interested parties.
Last week’s Northern Nevada Business Weekly contained […]

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Mark your calendars for our 2nd annual Blogger Meet-up.  The staff here at Reno Realty Blog cordially invite our readership to an informal get-together to be held Wednesday, October 1st from 5PM to 8PM.  Whether you actively comment on our blog or simply read the commentary come on out and meet Diane, Guy and the […]

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Do you think you can buy a house that sold new in March 2006 for $627,166 for $236,000?  It happened today on 8648 18th Hole Trail in our favorite golf and lifestyle community. 
Very few people have the fortitude, luck, or deep pockets to brave the Trustee’s Sales on the courthouse steps.  But there a few investors […]

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The new listing at 8695 Tom Kite looked like just another Somersett owner getting serious about today’s real estate market.  The home was purchased in October 2005 for $842,306, has probably seen another $100,000 in landscape work, and is listed at $700,000.  Interestingly, the owner put 40% down and there is only a $500,000 first loan […]

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Below is the Reno Area Market Condition Report for August presented by First Centennial Title.  What does this month’s report show?  Demand is decreasing; Failed escrows up sharply (+22% M-o-M); Inventory is increasing; Prices continue to fall (-3% M-o-M).
One of the stats I monitor from this report is the “Percent Selling” number; or the percentage […]

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Lehman Brothers filed for Chapter 11 Bankruptcy. On Sunday night, employees in New York and London cleared out their offices with the assistance of police barricades. Insurance giant AIG seems on the verge of financial meltdown. Leading world banks have come together to create an emergency fund to lend to troubled financial institutions. Bank of […]

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