After eight unsuccessful months trying to sell our Somersett McMansion for $525,000, we raised the price to $572,000. No, we’re not crazy. The bank is.
For those who may not know me, I started this blog in late 2005. I was also a Realtor, a top producer in my office even as the downturn began to […]

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Reno Ignoramus is strange, old friend. Though I’ve never met him, seen him, or even know his real name, as my second commentor ever on this blog (behind Gotlots who mysteriously disappeared) he has this uncanny ability to interpret my actions or in-actions with remarkable prescience. Not so long ago he noted in some comment […]

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So our move to the Bay Area is back on due to the hubby’s new job. Since we owe more than the home is worth, we will attempt a short sale. Leslie Henderson, short sale expert, is our listing agent and has advised us that given our personal circumstances, a short sale is indeed possible […]

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In March, prices changed little as unit sales again rose. Months’ supply of inventory decreased in every category except over $1 million, which jumped from four years to five. Waiting for the higher-end market to capitulate is like waiting for Godot.
March 2009 Sales

Price Range

Current Active

Number Sold

Average Sold Price

Days on Market

Percent Expired

Months Inventory

0-200K

1,978

220

$137,049

131

15%

9

200K-400K

1,307

150

$265,992

138

21%

9

400K-1 Mill

638

22

$571,127

156

25%

29

1 Mill +

186

3

$1,315,000

639

45%

62

 
Current […]

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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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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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In February, prices were down again in every range, while unit sales increased from January and year-over-year. In comparing this month’s chart with last month’s, it appears as though some of the above $200K inventory shifted down into the under $200K range as the low end continues to sell with increased activity. Meanwhile, inflated inventory […]

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