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Yes, things are looking up!
What a difference a couple of months makes. In my last post, I had absolutely nothing good to say about the Reno/Sparks area real estate markets. Today is a much different story. The median price for...
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Beware Foreclosure Rescue Scams and Scammers
Not a day goes by that I don’t hear an advertisement promising the impossible by a Foreclosure Rescue Scammer. Foreclosure Rescue has become big business, albeit, illegitimate business. For a...
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Residential Re-sale Closings Up, Read on………#in
According to the Reno/Sparks Association of Realtors, Residential Re-Sale closings totalled 568 for August, 2011. This is the second highest closing total for any August for this market. Even though...
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Bank Owned S/SB SFR Listings Dominate Sales in September #in
For the month of September, 2011, in the Greater Reno/Sparks market, for site/stick built(s/sb) single family residential(sfr) properties, Bank Owned (REO) listings represented 37% of all closings....
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Short Sale Closings Continue to Lag the Market
September closings of Short Sales in the Reno/Sparks market represented 29% market share, lower than Bank Owned(37%) and non-distressed or traditional(34%). The closed transactions had a median sales...
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Non-Distressed (Traditional) SFR Sales Yield More Money Than Market
All the news about residential sales refers to the median sale price of all sales, Bank Owned, Short Sale and Traditional sales included. This does not paint an accurate picture. Fact is, the median...
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Short Sales pendings are clogging up the market, statistics distorted
In the Reno/Sparks market for the month of September, 2011, 134 Short Sale transactions successfully closed. At the same time, 1,104 Short Sale transactions remain in Pending status. The statistic of...
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Comments from April, 2010; and your opinion is?
While doing some research for a client, I came accross a residential real estate blog with a comment thread from April, 2010. The subject of the comment thread was “how bad can the residential real...
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AB 284, Good or Bad?
In my opinion, way beyond bad, way beyond terrible, perhaps the single dumbest thing we could have done to our state and our state’s economic future. Many active real estate participants point to lack...
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I don’t get it, probably never will
Yesterday I was at a Bankruptcy hearing for one of my clients that got rescheduled. But, since I had set aside the time, I stuck around for the hearing that was substituted. Facts are, CRE owner has...
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