Reno Real Estate Logic

Last nights Board of Directors meeting for the ArrowCreek HOA had a complete course correction with the resignation of President John Demgen and Treasurer John Purduk. Community members were in favor of the resignations triggered over the failure of the ClubCorp acquisition and the formal declaration seemed to smooth the meeting agenda completely.
New faces coming [...]

We just get better news everyday for Reno. New York developer Stuart Katzoff, our new baseball stadium owner has been negotiating confidentially for the Grand Sierra Resort. Katzoff’s corp, Nevada Land II, LLC is in the midst of doing some type of deal and for the Grand Sierra Resort this just might be a home run. [...]

 
According to Shiela Bair, the Chairman of the Federal Deposit Insurance Corp. the bulk of the banks across the nation are well heeled and probably will not face any restrictions by the Feds.  However, Sheila Bair is now hiring or pulling out of retirement those experts that are on silent alert for the future.
Ninety banks [...]

On July 25, 2008, First National Bank of Nevada, Reno, Nevada was closed by the Office of the Comptroller of the Currency (OCC). Subsequently the Federal Deposit Insurance Corporation (FDIC) was named Receiver.No advance notice is given to the public when a financial institution is closed.The FDIC has the information regarding your relationship with First [...]

If you want to read and see graphs on what’s happening in Reno and Washoe County check out this report provided by the Center for Regional Studies, an Economic Development Program of the University of Nevada in Reno. Excellent stats and information.
economic trends

 
Attention ArrowCreek residents! You have an open invitation to come meet the Board of Directors at the Home Owners Association meeting scheduled for July 29th at 6:30 pm at the Residents Center in ArrowCreek. This is a real opportunity to hear the facts about what’s going on in our development.
Major issues are going to be discussed and everyone has the [...]

Yes, it’s coming sponsored by We The People, headed by Sharon Angle who got the 83,600 signatures required to place the initiative on the November ballot. She is amply qualified and determined to get this done this year.
Secretary of State Ross Miller has stated that 56,628 of the signatures must be verified and that’s just [...]

The real estate market these days is “unstable” is I word I choose. When clients call me to consult on what they should do to sell their home and will it sell if they list this year, is pretty much a poker game. I have to evaluate with them whether it would be best for [...]

The State of Nevada has organized via the Attorney General, the U.S. Department of Housing and Urban Development, Fannie Mae, Freddie Mac, Nevada Legal Services, Consumer Credit Services of So. Nevada, Washoe County Department of Senior Services, Washoe Legal Services and Senator Harry Reid, a full day seminar on foreclosures here in Reno.
This symposium will provide [...]

On August 19th, Washoe County is ready to file a million dollar lawsuit by the district attorney against if approved by the Washoe County Commission against Doug Lydick and Doug Lydick Construction Company. The reason? Fire.
Doug Lydick was the the contractor that started the Hawken Fire last year, not intentionally in fact unintentionally. Lydick was [...]