Reno Real Estate Logic

Does this remind you of the stock market and banking alliance? It’s going to be interesting to see who takes care of the baby. Does anyone know who the dad is?
 

Press Release
 Release Date: January 30, 2008

For immediate release
The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent.
Financial markets remain under considerable stress, and credit has tightened further for some businesses

Here’s some good news on the resale market which I have been stating all along and is now fact.  
Daily Real Estate News  |  January 24, 2008
2007 Existing-home Sales Fifth Highest
Existing-home sales declined in December following several months of stable activity, with total sales in 2007 still at the fifth highest on record, according to the NATIONAL [...]

With each passing hour, I am getting bombarded with  “guru news”.  It’s the new UFO,  Unforeseen Foreclosure Oppression. People are popping up like mushrooms, creating futuristic calamity everywhere. Even the staunch English are starting to be infected with foreclosure fever, today on PBS they were reporting that they too were sighting UFO’s.
If there is only 1% of all the countries [...]

 1990

 Today
With petrol at $3.00 per gallon and upwards, I would like you all to see what the great love affair with our automobiles has built for a few Dubaians.
 From sand dunes to skyscrapers in under two decades, what an incredible modern transformation. I thought it was better to focus at what the world is doing these days [...]

Want to check out what is going on in the US Senate, Committee on Banking, Housing, and Urban Affairs? Here’s a letter sent to Senator Reid, Majority Leader, from Christopher J. Dodd, Chairman discussing the need to shore up President Bush’s stimulus package with a huge injection of over 20 billion to create a Federal Homeownership [...]

For those parents who just cannot get their college age kids off their snowboards and into the dorms, here’s the perfect solution. Sierra Nevada College is offering a BA in the Ski Resort Business. The first semester is starting this fall 08′, better rush, it’s going to get packed. I want to go back to college [...]

Here’s a great discussion from Inman News on what the rate discount will do for those of us that have loans or want loans for real esate:

Fed’s interest-rate cuts will benefit ARM, HELOC borrowers
Effect on long-term rates remains to be seen
Tuesday, January 22, 2008
By Matt Carter
Inman News

The unscheduled and dramatic cut in short-term interest rates announced [...]

Press Release
 

Release Date: January 22, 2008
For immediate release
The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent.
The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth.  While strains in short-term funding markets have [...]

In today’s RGJ, some interesting building stats are twirling on the pages and one very prominent Damonte Ranch developer, Perry DiLoreto has pretty much conceded that this market has them in checkmate.
The building permits are at an all time low, dropping even below the 1990’s annual numbers. Many developers have simply stopped buying, optioning or [...]