Posted on June 14th, 2009 by ronbell
The Northern Nevada Business Weekly, NNBW featured an article by John Seelmeyer regarding the Carson City market stirring up the building market lately. Recently, the Capital Village subdivision has commenced building an additional couple homes to have on standing inventory after not being in production for about a year now. Additionally, they comment that they […]
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Filed under: LOCAL BUILDERS, LOCAL MARKET
Posted on June 14th, 2009 by ronbell
The craziness continues as Buyer’s Fever spreads across the Reno Sparks area faster than the swine flu at a Mexican kissing booth. Some areas and price points under 200 Reno bank owned/foreclosure homes are at the highest pandemic rating of 6.
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Filed under: LOCAL MARKET
Posted on June 10th, 2009 by ronbell
It seems as if a promising future is on the horizon for buyers and the current owners of high-end properties. At the latter part of last year, the jumbo loans were no longer available from banks. A jumbo loan is a mortgage that the government will not buy or guarantee (over $417,000, depending on the […]
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Filed under: LOCAL MARKET, Mortgages
Posted on June 7th, 2009 by ronbell
Mortgage-backed securities began back in the 1980’s allowing companies to purchase several mortgages at one time, rather than as individual transactions. Today, people are unable to adequately make their mortgage payments and the companies who had invested in the mortgage are not receiving a steady payment flow, making the investment far less solvent. The article below from the […]
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Filed under: LOCAL MARKET, Mortgages
Posted on June 4th, 2009 by ronbell
There has been a shift of wealth in America over the past couple decades. The gaps between the poor, the middle class and the wealthy are growing larger and taxes are the current solutions on the table now. Jeff Quinn of the Tahoe Bonanza Newspaper suggests the following three: The first is the McCauley-Rooker Wealth […]
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Filed under: LOCAL MARKET
Posted on May 14th, 2009 by ronbell
As you may know, the Nevada Senate and Assembly are well into their 2009 Session and have been looking through hundreds of bills. A friend of mine has been working down in Carson City and has been following a few of the real estate ones that could possibly affect a large number of Nevadan’s. I […]
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Filed under: LOCAL MARKET
Posted on April 28th, 2009 by ronbell
The following positive trends below have been associated with the housing market recovering and possibly our economy coming out of the current state that it is in. Alternatively, there are also negative trends that are still occurring, confirming the current state of the economy. Here are some of the positives and negatives of the current […]
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Filed under: LOCAL MARKET
Posted on April 2nd, 2009 by ronbell
Check it out, more buy signals, market feels like it is bottoming (outside of the burbs). Jobs returning soon, California business’s and residence’s are getting tired of getting taxed to death and will start to pour back in soon. Here you go:
Sparks named best start-up city in Nevada!
Posted April 1st, 2009
The City of Sparks, Nev., […]
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Filed under: LOCAL MARKET
Posted on March 4th, 2009 by ronbell
Here is an update from Stephanie Hanna from Platinum 1st Mortgage regarding FHA Loans. As you can see, there are some great programs right now and it is a great time to buy.
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Filed under: LOAN INFORMATION, LOCAL MARKET
Posted on March 1st, 2009 by ronbell
For all of you statistic junkies (such as myself), enclosed is an al a carte menu of sorts of some of the most respected purveyors of statistics in the Reno/Tahoe area. These reports should give you a good indication of what’s happening with the Reno, Sparks, Tahoe, bank owned, real estate owned, REO, foreclosures, condos, […]
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Filed under: 2008 Statistics, 2009 Statistics, LOCAL MARKET
