Category Archives: Real Estate Industry

MLS updates “Special Conditions of Sale” descriptors

Our local MLS, the Northern Nevada Regional MLS, is changing the descriptors that can be specified in a listing’s “Special Conditions of Sale” field.  As background info, the current values include: None Bank Owned Short Sale Yes-Other and the less … Continue reading

Posted in Foreclosures, Real Estate Industry | Tagged , | 1 Comment

Visible + shadow = two years of inventory

CoreLogic® reported today that shadow inventory of residential property as of August 2010 reached 2.1 million units nationwide.  This figure is up from 1.9 million units from one year earlier. “Shadow inventory” are those properties that are in foreclosure or … Continue reading

Posted in Foreclosures, News, Real Estate Industry | Tagged , | 2 Comments

Nevada leads Nation in GDP decline

The numbers are in, and Nevada’s GDP (gross domestic product) declined 6.4 percent from 2008 to 2009.  This was the largest decline of any of the fifty states.  The GDP of many states actually improved during this period. Those states … Continue reading

Posted in News, Real Estate Industry | Tagged , | 36 Comments

Local agents continue to leave the business

Another 93 agents have hung up their licenses during the 1st quarter of 2010.  Washoe County now has 2,644 Active real estate licensees – this number represents a 3.4 percent decrease from 4Q 2009 as well as another new low … Continue reading

Posted in Real Estate Industry | Tagged , | 14 Comments

4% of agents have left the building

Washoe County lost 118 real estate licensees during the first quarter of 2009. This represents a 4.1% decrease in the number of active agents since December 2008.  Statewide saw a 3.5% reduction in active licensees. 21 (0.7%) allowed their licenses … Continue reading

Posted in Agent Insights, Market Trends, Real Estate Industry | Tagged , , | 5 Comments

Guy Johnson Trains Local Realtors to Use Internet Tools

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 … Continue reading

Posted in General, Real Estate Industry, Real Estate Industry, Tech Tools | Tagged , , , , , | 13 Comments

Overall Sales Market Report for Washoe County – Feb. 2009 vs Feb. 2008

 We have all watched as our market continued to go down but the comparison reports below allows you to actually see the results of one year in the down market.   The short sales closings have increased our resale’s but with … Continue reading

Posted in Agent Insights, General, Market Trends, Real Estate Industry, Reno | Tagged , , , , , | 1 Comment

FYI: I’m EcoBroker Certified

Earlier this year I trained for and earned my EcoBroker Certification.  At the time, only a handful of agents held such a designation.  Subsequent to receiving my EcoBroker credentials I was contacted by and interviewed by a few publications and … Continue reading

Posted in Agent Insights, Real Estate Industry | Tagged | 1 Comment