Reno Real Estate Logic

Here’s some good news about our million dollar home buyer for those out there selling their million dollar plus home. It’s proven, that selling the upper tier market, a home that is well priced can be afforded by the upper 2% of the society and these people understand the value of property.
They want a beautiful home [...]

Daily Real Estate News  |   February 28, 2008Bernanke Prepared to Cut Key Rates Again
Federal reserve Chair Ben Bernanke told the House Financial Service Committee during an appearance on Wednesday that the Fed is prepared to lower key interest rates again to bolster economic growth.
The Fed “will act in a timely manner as needed to support [...]

With the opening bid at $37 million, no one on the Reno court house steps would step up yesterday and bid on the 1300 acre Copper Canyon development in Sparks. Amazing. Looks like D.B. Zwirn Special Opportunities Fund will be doing the build-outs. The city of Sparks is very pro Copper and wants this development up and [...]

It’s official, Golden Gate Petroleum out of California will build and open the first “fueling station” and “way station” for truckers  at the Tahoe-Reno Industrial Center which will eventually bloom into a total hang out for the hundreds of truckers that are moving merch to and from TRIC.  Golden Gate says that it will be [...]

SunCal Partners are waging that they will scoop up their 1,300 acre development  off the court house steps today. They defaulted on the loan for the Copper Canyon development in Sparks months ago and now they will have to hustle to the ward off any predators seeking to poach this huge project. Copper Canyon is located [...]

 Hyatt Summerfield Suites
Despite the rough economy, Reno is experiencing new construction and big commercial development in the heart of downtown and all around town for that matter. Every-time I open the paper, there’s great great news about new and exciting buildings ready to go up. Yesterday the official groundbreaking for our $50 million dollar baseball stadium was celebrated [...]

For those people who are unfortunately getting closer to becoming part of the national “FORECLOSURE” club, there is a lot of help out there that you need to jump on before you make the plunge into the F zone. Here’s some steps that Wells Fargo Bank (modified by me) that will assist you in negotiating with [...]

 
This morning, Forbes listed the top counties in America for foreclosures and once again it’s confirmed, that Northern Nevada is not on the list. Nevada’s problem child is Clark County and that’s Las Vegas, not Reno and Washoe County. And check out California, poor Schwarzenegger!  He has 4 on the list. I’m glad to be here in Reno.

 Clark County, Nev.
With [...]

It’s official, the  Assocaited Press has annouced this morning that the FBI is entering the arena along with various state securities regulators to dig into the lending debacle.
They want to find out just how much Wall Street knew about the outcome of the unothordox sub-prime loans and if they orchestrated the sub-prime bust. Ultimately the FBI  is going to pursue criminal actions if [...]

I was interviewed by KREN last week about my take on foreclosures and here it is.  When buying or selling real estate you need to do your research first by getting in touch with various experts. Get with your CPA, your attorney and or a reputable Realtor to determine your ability to with stand the market surges. It’s a slippery [...]