Monthly Archives: September 2009

1,000,000 Foreclosures in Process

Posted on September 30, 2009 by Mike McGonagle

Yikes.  The report eventually tracks back to Q2 data from the US Treasury if you follow the links, and the data only covers 64% of all mortgages.  For every current REO, there are 9 more in the foreclosure pipeline.  The … Continue reading →

Posted in General | 60 Comments

Schoolie’s thread

Posted on September 29, 2009 by Guy Johnson

As happens frequently on this blog a discussion thread has evolved in a post that has little to do with the original post [Note: this is by no means a bad thing].  For those of you who have missed the … Continue reading →

Posted in General | Tagged , | 16 Comments

The Cottages & Laguna Terrace auction this weekend

Posted on September 29, 2009 by Guy Johnson

The Builder’s Magazine reports that Silverwing Development intends to auction twenty-two single family homes this weekend.  The properties are part of The Cottages & Laguna Terrace developments.  Opening Bids start at $79,000.  The auction will be held at The Peppermill … Continue reading →

Posted in Developers, Developments | Tagged , | 9 Comments

Reynen & Bardis Deadline

Posted on September 28, 2009 by Mike McGonagle

California Bankruptcy Court has just established 16 November 2009 as the cut-off date to file any construction deficiency claims on Reynen & Bardis (or affiliates) properties.  That means no construction warranties going forward.  If you own an R & B home, … Continue reading →

Posted in General | 2 Comments

Fernando and the Dude

Posted on September 26, 2009 by Mike McGonagle

Once again scooping the RGJ, Downtown Makeover Dude scored an interview with Fernando Leal,  The interview covers the Montage, the Fitz, STAR bonds, and downtown in general.  Well worth reading, and I’m sure you will have a few comments to … Continue reading →

Posted in General | 31 Comments

RSAR August market report

Posted on September 25, 2009 by Guy Johnson

The Reno/Sparks Association of REALTORS® has just released its August Monthly Market Report for the Reno area.  Monthly Market Talk is a comprehensive report providing many stats on the housing market in Reno and Sparks. In summary from the report: … Continue reading →

Posted in Market Trends | Tagged , , | 9 Comments

orts

Posted on September 23, 2009 by Mike McGonagle

You can tell I do crosswords.  No one else would use that word, ever. Believe it or not, resale REO units are moving at the GSR.  1774 was originally $258,062 and went for $39,000.  1880 was originally $227,296 and went … Continue reading →

Posted in General | 12 Comments

A little west of center

Posted on September 22, 2009 by Guy Johnson

Today’s RGJ reported that that the Reno-Sparks Convention & Visitors Authority is changing their marketing slogan from "America’s Adventure Place" to “A Little West of Center”.  See Reno-area tourism agency to change marketing slogan What do you think of the … Continue reading →

Posted in News | Tagged | 77 Comments