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Category Archives: News
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
Posted in Lending, News
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Home loan costs to increase
[Ed. Note -- I received the email below from one of my colleagues in the lending arena; Lisa Fleck of Summit Funding. Lisa sends me news from time to time pertaining to home loans and financing. In her post below … Continue reading
Economic development in Nevada
Here’s an informative piece from the magazine, Nevada Business, discussing new business development throughout the state: Economic Development – The New Plan If you were not aware, some major projects in the works include: a 462,000 square-foot facility for Urban … Continue reading
Posted in Developers, News
6 Comments
Nationally, no turnaround in home prices anticipated in 2012
The results from a recent survey of more than 100 economists, real estate experts and investment strategists asking each participant to project the path of the S&P/Case-Shiller U.S. National Home Price Index over the next five years show a wide … Continue reading
Did house flippers cause the recession?
A new report from the Federal Reserve Bank of New York shows that house flipping played a larger role in the housing bubble than originally thought and is largely to blame for the recession. See this msnbc.com story: Flippers’ housing … Continue reading
Posted in Foreclosures, Lending, News
38 Comments
Nevada ranked 2nd in projected job growth
A yesterday Forbes’ piece ranks Nevada as second (only to Texas) in annualized job growth over the next five years based on a recent report from Moody’s Analytics. See Texas tops the list of the best states for jobs – … Continue reading
local market stats and directions IRL
Bored of reading real estate market stats online? Tired of posting comments about the market and wondering if anyone else is listening? Then come out to the Reno Sparks Association of Realtors building this evening to join in a lively … Continue reading
