First the good news; the Reno home median sales price of $180,000 sales price was up 6% from June. This may be due to lower interest rates getting people in more expensive Reno homes.
The bad news is that the July sales were down 21%. This may be due to the expiration of tax credits for home buyers.
I tweeted out the other day that I may release a buy signal for the west side of 395 in Reno if the Reno foreclosures-short sales-foreclosed homes continue to decline.
I remain concerned about the Tahoe Truckee and all second home markets for that matter as second home financing remains difficult and discretionary real estate investments from wealthy individuals is starting to be too painful for many of them.
Most Washoe County homeowners will have a reduced property tax bill this month, as updated values take effect throughout the county.
The Washoe County treasurer’s office started mailing tax bills to property owners this month to coincide with the July 1 start of the fiscal year. Enclosed is the link from the Reno Gazette Journal.
I just happened to be showing Reno Lakeridge area homes when we looked up and saw smoke; a Homeowner facing a Reno foreclosure eviction had some type of bomb and made an explosion which led to a Reno foreclosure fire-explosion. I have heard of Contractor’s lightning (burn down for insurance proceeds) but never a Reno foreclosure fire-explosion for somebody facing a Reno foreclosure. The area was converged on by SWAT, Reno P.D. Sheriffs, NHP and I could swear I saw the Orkin guy respond also LOL.
They don’t call us the “Biggest Little Foreclosure City In The World”, for nothing; this is in a gated golf course area called Lakeridge Shores, it is on my You Tube Channel if you would like to see the area. Here is the latest off of the newsfeed at www.nevadaappeal.com regarding this Reno foreclosure explosion:
A: Make sure it is owned free and clear (no debt) or if a wraparound, make sure payments are current and a collection account is set up to distribute the payments, taxes and insurance. Also, …Read more » » »
I have my monthly McCarran video update for Reno bank owned homes, Reno Foreclosures, Reno short sales and the market in general. This in my opinion is a good snapshot of what is coming down: http://www.youtube.com/user/ronbellrealtor#p/u/4/cL2ncr8M6QQ
Ron BellRealtor.com does a drive around of the trendy California street in Reno Nevada which is the gateway to Reno Nevada casinos, Aces stadium, and downtown Reno bars and nightlife. Â
I remember first hand my own experience with a fallen Marine that I will never forget. We had a photo shoot for Christmas and a wonderful proud military Family had arrived with their Father in a full blown Marine outfit like you would see at a Toys for Tot’s drive or perhaps a funeral. They had arrived a little before their appointment so we had agreed to let them go before us knowing that this proud Father was shipping out the next day. …Read more » » »
I have some very detailed Reno real estate statistics for you this month that for the first time will give us absorption rates from the Reno Sparks Association of Realtor’s report (RSAR) and enough statistics to choke a horse.  I even got overwhelmed on this one as they include Reno short sales, Reno foreclosed homes and all other activity. …Read more » » »
