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Author Archives: Guy Johnson
Are distressed sales still the driving force behind declining home prices in Reno and Sparks?
The answer may surprise you. A recent study found that distressed properties are the driving force behind declining home values across the country. The analysis, conducted by CoreLogic, found that house prices fell 4.7 percent last year. However, if distressed … Continue reading
Have construction costs in Washoe County increased?
A local homeowner is taking his appeal of last summer’s “de facto property tax increase”, which impacted most local homeowners, to Nevada’s State Board of Equalization. See the Reno Gazette Journal’s story: Boost in Washoe home taxable values to be … Continue reading
Chase International now at Squaw Valley
My Broker, Chase International, just opened an office in the heart of the Village at Squaw Valley. Read the press release below… For Immediate Release CHASE INTERNATIONAL EXPANDS Services and Location Olympic Valley, Calif., (Jan. 24, 2012) – Chase International, … Continue reading
Is AB284 hurting more than helping?
The Reno Gazette-Journal ran an interesting piece on the effects of AB284 on Washoe County’s shadow inventory. A few local real estate agents and others were interviewed for the piece, including this blog’s Mike McGonagle. See the RGJ’s Shadow Inventory … Continue reading
2011: Worst year on record for new home sales; but 2013 will be better
The number of new homes sold nationally in 2011 represented the lowest number sold since records were being kept from 1963. See the AP story on AOL Real Estate: New Home Sales 2011: Worst Year on Record Locally, Washoe County … Continue reading
Fed to keep rates low, and other news items
Lots of news impacting the real estate industry this week… The Federal Reserve announced that they expect to keep short-term interest rates near zero for the next three years — citing the economy and the housing market still needing help. … Continue reading
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U.S. housing supply lowest in four years
The Wall Street Journal reported that the nation’s listed inventory is the at its lowest level in four years. December’s inventory was 6 percent below November’s listed inventory; and represented a whopping 22 percent decline from the previous December. See … Continue reading
Washoe County Insured Recording Statistics – December 2011
Below are Washoe County’s insured recording statistics for the month of December. Recording statistics are provided to us by our friends at Ticor Title. Click on the image below to enlarge. December Re-fi’s have exhibited five consecutive months of month-over-month … Continue reading
