Reno Real Estate Logic

Eugenio Aleman, the Senior Economist for Wells Fargo Bank spoke yesterday at the annual “Economic Outlook” sponsored by the Northern Nevada Development Authority about the future of our area. Here’s a quote: “Reno is going to come back stronger than Las Vegas, because of the impressive population growth and strong per-capita income will lift the [...]

The most significant commercial/residential project approved for Reno to date is the Topol development in South Meadows. An astonishing unanimous approval from the Reno City Council last night. This is  the first break the zoning project that has moved through the council and now they say they want more of these vertical daddy’s.
Here’s my blog [...]

Being objective, I have to include our NAR Report on housing and here’s a little blurb from our President:
NAR President Richard Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., emphasized that all real estate is local.  “Keep in mind that home prices are up in 93 out of 150 metro areas, [...]

Here’s the latest from Standard and Poors regarding the national housing index, focusing on major metro regions. It’s interesting to note that Tampa, Miami and San Diego are leading the pack in declines. Isn’t this part of the coastal zone that Gore has warned us becoming emerged by 2050? Better think around the box before you head over to [...]

For those who just cannot get enough detail about the FDIC’s position on the projected outcome of the housing crisis, here’s todays 24 page update for your reading pleasure or not. If you want to read the first few pages and then jump to graphs, go to page 16 of the report.
http://www2.fdic.gov/qbp/2007sep/qbp.pdf

Vice Chairman Donald L. Kohn
C. Peter McColough Series on International Economics, Council on Foreign Relations, New York, New York
November 28, 2007
Financial Markets and Central Banking
I thought it might be useful to start this session with a few thoughts on some of the issues facing central banks as they deal with the consequences of the recent turbulence [...]

I just got back from a whirl wind Thanksgiving tour of Central California to the Bay area and I have got to tell you folks that there is so much to offer here in Reno for people, families and lifestyle. What I saw regarding prices was astronomical, really small parcels of land with 1960’s homes with like [...]

Here’s some interesting news for Thanksgiving, that prices are appreciating in certain markets and not diving. Check this article out by Inman News:

Home prices rise in 33 states since Sept. 2006
FALP study: 19 of 31 top metro areas saw price declines
Monday, November 19, 2007
Inman News

Home prices fell in 17 states during the last year, but [...]

For those real estate fiends that don’t want to subject themselves or their bank accounts to the muses of the market, Realius out of San Francisco will be launching their fantasy play site this week. What a great idea to tune up your real estate knowledge, investing and remodelling skills while you wait for the [...]

There is a wonderful new appearance of a very old historical fountain now living at the Union Pacific Amtrak Reno Station and you might just want to saunter down there to behold this item. The fountain was originally commissioned and dedicated on October 17, 1908 by the Women’s Christian Temperance Union for the Nevadans that [...]