Reno Real Estate Logic

The bad news today on the front page of the RGJ was that we are still in deep doodoo reflected by a 89% increase in foreclosures since last year. The fact that we are experiencing a 11.2% unemployment rate does not help the local economy nor does the fact that we are ranked 13th for [...]

Published: Thursday, 30 Jul 2009 | 10:53 AM ET

By: Peter S. Goodman
The New York Times

This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward foreclosure. Treasury officials called on the companies to hire and train more people quickly to field applications [...]

In today’s RGJ, there was good news of stabilization in the real estate market across the nation. Sales have increased for the last three months across the boards and we know that this because of the incredible deals out there but so be it. Business is business and nationally we are up 3.6% and 4% [...]

 
As of July 1.09 Nevada is requiring a 25 page application for those people and companies that want to participate in the shrooming business of loan modification and foreclosure consulting.
This is really good news since it will weed out those predatory people who are operating especially via the internet and by giant phone banks to [...]

Second Quarter 2009(Based on stick-built homes in Reno 100)Reno Market Talk:Each month that the Market Talk has been sent out Cherie Williams, CEO at Reno/Sparks Association of REALTORS®,  SalesBelow is a summary of the June and second quarter market conditions• June ended the month with 520 sold transactions up 26% over the prior month. Sales were [...]

After three years of battling the good folks and residents of Spanish Springs with John Ascuaga’s Nugget, it looks like Harvey Whittemore and the Peppermill Resorts are going to be building their new casino after all.
The issue before the court was that city of Sparks was in cahoots with Whittemore in passing the zoning for the casino [...]

News this week on Yucca Mountain Nuclear Waste Site, the largest potential storage facility in the world has been given another bump backwards by Energy Secretary Steven Chu who has stated that “The Yucca Mountain Project is no longer considered an option for radioactive waste storage.”
Clark County officials are not waiting for Washington to go [...]

For those who like shopping the net for real estate deals here’s a few gems that may peak your interest:
US Government Property Sales                    www.homesales.gov
Fannie Mae’s Homepath Program                 www.homepath.com
Freddie Mac’s HomeSteps Auction                www.homesteps.com/r103_auctions.htm
Internal Revenue Real Property Sales          www.ustreas.gov/auctions/irs
Bank Foreclosures                                             www.bankforeclosuressale.com
RealtyTrac Foreclosure Lists                           www.realtytrac.com
Real Estate Disposition                                      www.auction.com
RealtyBid Foreclosure Lists                              www.realtybid.com

Special to the Nevada Brigade of the Pickens Plan Army:
Senator Majority Leader Harry Reid helped introduce the Senate version of the NAT GAS Act (S. 1408) this week in the U.S. Capitol.  Sen. Reid was joined by his two colleagues: bill sponsor Sen. Robert Menendez (New Jersey) and co-sponsor Sen. Orrin Hatch (Utah). Boone was [...]

For all those people who have been emailing asking what’s been going on with the Blog,  I was off on a jaunt to Washington, D.C. to check out what’s happening on the other side of the Rainbow. What a fabulous town D.C. is and the museums, people, parks and restaurants divine. Grab a few friends and spend a [...]