I got to tour one of Guy’s upscale ArrowCreek listings last weekend.  Man, it was BIG!  There were some really nice details mixed with things even Centex gets right on their entry houses.  It got me thinking about the poorly executed details in any house that drive me crazy.
Glue-on faux stone floating 6" above grade. - "Stone" […]

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In the video below Brad Inman shares his ideas of what was and is wrong with the real estate industry and invites viewers to submit their ideas for what’s needed for improvement.
Give the video a watch and then feel free to leave your comments here (or Inman News’ site, if you prefer). My thought is that I would […]

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According to Tom Barrick, allegedly the greatest real estate investor on the planet, the global outlook is continued ugly. Commercial is beginning to follow in Residential’s downward spiral, and he predicts further regional bank failures as a direct result. Though Barrick had the foresight to exit US real estate in 2005, he is still gravely […]

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"They’re not making any more river front property."  There are only a few hundred single family homes that have actual Truckee River frontage.  3195 Idlewild is one of them, and it was just listed as an REO for $339,900.  The house was built in 1978, and the long term owner had been there at least […]

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This is a stellar Friday afternoon read, with many thanks to Incline Jim for forwarding the link. It’s a behind-the-scenes look at how our financial castle crumbled, some ordinary folks who saw it coming, and stories of those clever enough to profit from the fall. I swear Reno Ignoramus or Bantering Bear could have written […]

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This post is meant to be a companion piece to Guy’s Price Per Square Foot - The New Metric post.  I’ve been meaning to write about the cost of development for a long time, and Guy presented a good intro to get this up for discussion.
In the end, development is all about the value of the […]

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A couple weeks ago after posting my monthly median sold price report, one of our readers, Josh, asked wouldn’t price per square foot be a better metric to track rather than median price.  Josh’s rationale was that the current lack of available credit to enable a purchase of higher price homes was creating an anomaly […]

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Earlier this year I trained for and earned my EcoBroker Certification.  At the time, only a handful of agents held such a designation.  Subsequent to receiving my EcoBroker credentials I was contacted by and interviewed by a few publications and news organizations.  I thought the buzz was kind of cool at the time, but after […]

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First Centennial Title just released their Market Condition Report for October.
Solds, expireds, pendings and months supply of inventory are all holding steady from last month’s numbers.
Escrows closing (“Percent Selling” on the chart) is also holding steady at 40% for Reno and 43% for Sparks, Nevada.
The report’s outlook: “Price weakness (SFR) should be expected to continue.” […]

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After rocketing skyward for a couple years Notices of Default in Washoe County finally peaked in April of this year at 457 NODs.  In the five months following April’s peak, NODs began trending downward slightly.  For example, September’s 422 NODs represented an 8% decline from April’s peak. 
Well, I suppose good things can’t last forever.  Washoe County Notices […]

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