I chronicled some of the parties buying houses at Trustee’s Sales and then flipping them a while ago in The Investors Club.  Most are still active on the courthouse steps, one crashed and burned with multiple foreclosures.  Many of their flips have been astonishingly profitable, though there have been a few missteps and near misses […]

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Below find the updated Insured Recordings statistics for Washoe County from our friends at Ticor Title. 
Resales continue to climb for the fourth consecutive month. At 590 May’s number of resales has returned to 2007’s level.
Refi’s fell due to increasing interest rates; and new home sales continue to skate along the bottom.
Note:  Ticor did not […]

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Below please find the May’s Market Condition Report from our friends at First Centennial Title.
May’s Highlights:

A reduction in the number of failed listings [those listings that failed to sell; i.e. Expireds and Withdrawns] has caused the “failure” line to fall below the closing line for the first time since mid-2005.
Another big jump in the “percent […]

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The King’s Inn has a new interim owner - Washoe County!  The county took title to the 4 parcels that make up the property on a 4 June 2009 tax deed for delinquent 2006 property taxes ($65K, though total taxes due are now closer to $175K).  Within days, the base of the building was painted […]

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Just a couple quick riffs for weekend discussion.  If I sound angry, it is due to losing this post 3 times (so far) due to lightning caused power outages here in Verdi.
- Palladio - They bought the front page and a 3/4 page ad in today’s Real Estate insert in the RGJ to promote their […]

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Another month of 400+ units sold.  And the median sold price continues to tumble. May’s median of $175,000 represents a 7.5% drop from April’s median; and nearly a 33% decline from a year ago.  The median sold price for Reno-Sparks is now off 52% from its peak of $365,000.
As has been the case for a while […]

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I’d like to salute a couple of recent buildings that I admire.  First off is Archie’s on N. Virginia at McCarron.   Sorry that this thumbnail is the only image I could find of the project.  It just looks cool to me.
The Downtown Reno Events Center turned out quite nicely (the Ballroom Less so).  Wish I had better images.
 
My favorite […]

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Do you know the Toscano project on Dickerson?  It is riverfront property right across from Idlewild Park.  Funky architecture with a high level of finishes, a developer’s personal statement.  I toured a couple of the units a few years ago when they were listed around $500,000 as a Suzie McQuaid’s Deal of the Week.  There […]

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The Nevada Department of Business and Industry has developed a great tool for homeowners who may be underwater in their home.  It’s called the Nevada Foreclosure Information Workbook, and it’s intended to educate homeowners on the foreclosure process.  It is very thorough and provides answers to practically any question you may have regarding a foreclosure […]

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