You are going to have to wait about three weeks to see this banner headline in the RGJ.  It takes that long for  the Center for Regional Studies to compile and release their monthly reports.  There will be a few quotes from Brian Kaiser and Kris Layman tempered with cautious optimism, and a polite rebuttal from your very own […]

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Washoe County lost 118 real estate licensees during the first quarter of 2009. This represents a 4.1% decrease in the number of active agents since December 2008.  Statewide saw a 3.5% reduction in active licensees.
21 (0.7%) allowed their licenses to go into “inactive” status; the other 97 (3.4%) simply hung it up and moved on.  […]

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Interesting things can happen when the lenders let the spread between the first and second mortgages get too large.  If things go bad and into default, who steps up at the Trustee’s Sale?  And is it an opportunity for the cashed up buyer to swoop in for the deal of the decade?  Here are 3 […]

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The economic discussion under my last post segues nicely into this next read. This is especially for Bantering Bear, who so far has not seen a good case for hyperinflation and doesn’t think the current crises will go that far.
The following is a special report written by a career economist who argues that we are […]

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People, your taxpayer dollars continue to bail out banks and friends of banks run by the very same multi-millionaire, ivy-league good ole boys who drove the United States of America off the economic precipice. How long can these corporate behemoths in partnership with our very own government continue to fleece the American People? The stench […]

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Time out for kudos. Recently our very own Guy received a nice write-up in the Lake Tahoe Review. Although the first third is about what our broker has done with social networking, Guy carries the rest of the story with the many ways he stays on top of new technology trends, freely sharing his knowledge […]

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The REDC auction is coming to town again.  This is the same auction event I reported on in January’s Huge Foreclosure Auction Event post.  At January’s auction approximately 350 bank-owned properties throughout Nevada (mainly in Clark and Washoe counties) were auctioned.
This time around the REDC has over 800 bank-owned houses in Nevada to auction.  So […]

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Or, for the more morbidly minded, perhaps I should title this post Diane’s Depression Reading. (Now who’s become the hostile pessimist? Bwaa-aa-aaaa…) Brand it what you will, the Great Depression took four long years to progress from the Crash of 1929 to the depths of despair. We are well along that path and perhaps moving […]

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I am deeply disturbed by the direction our country is going. How can I even care about real estate in Reno as the United States goes to hell in a handbasket right before my eyes? Is it just me? Am I colored with doom from reading my own blog now for too many years? Or […]

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823 Ophir Peak just listed in Incline Village for $617,900.  Take a look at the pictures on the MLS - the place is a dump.  But this little dump is costing Bank of America (and you and I) over $750,000.  Here’s the story:
The house was purchased in May 2005 for $1,035,000.  Well sort of.  The […]

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