reno homes: Investors With Cash Place Downward Pressure on Home Prices
- 01/25/12 03:22 PM
Homebuyers with enough cash in hand to cover their offer price in full are able to bid significantly lower on properties and according to a new industry report released Monday, because they offer a shorter and more reliable closing timeline without the impediments of a mortgage, appaisal, underwriting time, they often win out with that lower bid. A study found that this low-bid-winning dynamic is particularly true for distressed properties because mortgage servicers selling foreclosed or REO homes generally prefer transactions that can close within 30 days. The total share of distressed properties in the housing market in December, as … (5 comments)
reno homes: Google Maps Adds Public Safety Alerts to Search Results
- 01/25/12 07:45 AM
Google Maps Adds Public Safety Alerts to Search Results Google has launched a new alert system called Google Public Alerts today that helps you keep track of severe weather in your area.<!-- %JUMP:More »% --> The new feature integrates directly into Google Maps so that if you search for directions you'll automatically get a warning about severe weather, earthquakes, or any other natural disaster. The new alert system links back to the warning so you can see exactly which areas are affected and what you should do. It currently pulls data from the US National Oceanic and Atmospheric Administration, the National … (0 comments)
reno homes: Reno/Sparks Homes and Real Estate Market Reports October 2011
- 01/12/12 02:53 PM
Summary: October home sales in Washoe County are the fourth highest home sales for an October in history and outpaces October 2010 by 15 percent. This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy. Also, we have seen only moderate fluctuations in median price for the past seven months. With the majority of new listings entering the market at the under $150,000 and a majority of sales occuring in this same price range, we are cautiously optimistic that prices are at the bottom. Reno/Sparks … (0 comments)
reno homes: Your 2012 Resolution - Buying A Home!
- 01/02/12 01:31 PM
If you are thinking of buying a home this year, the interest rates and home prices are even better than they have ever been. Now is the time to begin the home buying process. Here are four steps to make this process workable and easy for you. Choose a financing program. Find a home you feel you can afford. Negotiate the transaction through your real estate agent. Conclude the process through closing. The first important step is to meet with a lender to be approved for a mortgage loan. You will need to gather your last 2 years income tax … (0 comments)
reno homes: Reno/Sparks Homes and Real Estate Market Report November 2011
- 01/02/12 01:52 AM
Summary November sales are up 22% over last year and year-to-date home sales have exceeded 2010 by 10%. We have also seen relative stable prices for the past seven months. These are positive indicators for the residential housing market. Reno/Sparks Homes Median Sales Price November 2011 median price was up less than 1% to $149,506 compared to $149,000 in October 2011. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower. Reno/Sparks Price per Square Foot Solds Price per square foot is at $88.30. … (0 comments)
reno homes: Reno-Sparks Homes and Real Estate Report September 2011
- 11/03/11 02:43 AM
Summary: The Reno/Sparks market has had record or near record year-over-year sales for the past ten months. We have to go back to September 2003 to find a stronger September sales month. The consistent trend of improved sales month-over-month and year-over-year seems to be the new normal as savvy buyers see this as an excellent time to buy. Reno-Sparks Homes Median Sales Price September 2011 median price was down 2.6% to $150,000 compared to $154,000 in August 2011. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher … (0 comments)
reno homes: Reno-Sparks Homes and Real Estate Report July 2011
- 08/25/11 12:04 PM
Reno-Sparks Homes and Real Estate Summary: Our year-over-year number of home sales indicates more buyers and investors are realizing it is an opportune time to purchase a home versus a year ago. In a recent story by 'Business Insider', Reno was named as the 8th best housing market for the next five years. The data provided by Case Shiller Indexes projected an annual growth from 2011 to 2016 to be 9.3 percent. Reno-Sparks Homes Median Sales Price July 2011 median price was down 2.2% to $150,000 compared to $153,400 in June 2011 Median price is defined as the mid-point, where, … (0 comments)
reno homes: Distressed Homeowners in Nevada Get More Protection With New Laws
- 07/26/11 10:58 AM
Distressed homeowners in Nevada were given several key protections in the last legislative session, with one new law potentially spelling trouble for banks guilty of sloppy record keeping while selling mortgage notes to investors. The new measures include protections against unscrupulous debt buyers who "double dip" by buying mortgage notes for pennies on the dollar and then turn around to collect debt from borrowers for the note's original amount. Stricter documentation reqirements also means banks must show actual proof of ownership before being allowed to complete a foreclosure sale. The new laws are welcome relief for borrowers frustrated by a … (0 comments)
North Valleys Regional Park is located in the Sky Vista Subdivision in the Community of Stead I was in the Sky Vista subdivision on Wednesday previewing some homes for an out-of-state client. I have sold several homes in the area and I love everything about the neighborhood. On this visit I decided to check out the North Valleys Regional Park and take some photos to provide information to prospective buyers on the Sky Vista neighborhood and Stead. The park offers sweeping views of the Peavine Mountain Range and a panorama of high desert open space. The regional … (0 comments)
Cash buyers are snapping up homes in markets nationwide, betting that deals won't get much better: Last month, all-cash buyers accounted for 30 percent of existing home sales, up from 25 percent in May 2010, and 12 percent two years ago, said the National Association of Realtors. Cash buyers, who are mostly investors, accounted for at least 30 percent of existing home sales for the fifth straight month, the association said. They hit 35 perecent of buyers in March. The cash buyers are enticed by low prices and potential rental income, economists said. Buy while their activity has helped … (4 comments)
reno homes: Reno-Sparks Homes and Real Estate Market Report May 2011
- 06/28/11 05:45 AM
Summary: The median sales price has continued its settling trend over the past 24 months. More buyers and investors are deciding it is an opportune time to purchase a home. High inventory and low prices reflect the affordability of homes, verified by the increase in home sales. Reno-Sparks Homes Median Sales Price May 2011 median price was down 3.6% to $147,900 compared to $155,250 in April 2011. The median sales price continues to settle from the prior months. For the past nine consecutive months median price has been lower than the prior year-over-year median. Median price is defined as the mid-point, … (2 comments)
reno homes: Reno -Sparks Homes and Real Estate Market Report April 2011
- 05/31/11 03:51 AM
Summary: We are continuing to see settling in the median price. The news is "the affordability door is open to buyers". This means that a two-income household, earning approximately $10 per hour each, can now afford the median priced home in the Reno/Sparks area. Reno-Sparks Homes Median Sales Price April 2011 median price was down 3.1% to $155,000 compared to $160,000 in March 2011. The median sales price continues to settle from the prior month. For the past eight consecutive months median price has been lower than the prior year-over-year median. Median price is defined as the mid-point, the price … (0 comments)
reno homes: Reno-Sparks Homes and Real Estate Report December 2010
- 01/31/11 01:44 PM
Summary 2010 was a year of leveling median sales prices and an artificial stimulus of sales as a result of government incentives as indicated by the year-over-year statistics. Although we did not experience a slight decrease in median sales prices, December 2010 sales are the highest in recorded history. For the past four consecutive Decembers, we have seen year-0ver-year increases in sales numbers. We are cautiously optimistic that 2011 will be yete another year of stabilization of pricing and sales without incentives. Reno-Sparks Homes Median Sales Price December 2010 median price was down 2.9% to $165,000 compared to $169,950 in … (0 comments)
reno homes: Reno-Sparks Homes and Real Estate Market Report October 2010
- 11/17/10 11:12 AM
Reno-Sparks Homes and Real Estate Report details homes sold, listings, bank owned, mls statistics and more. Summary As colder weather months are upon us, we expect to see a slight seasonal downturn in the number of homes sales. We are continuing to see only small decreases in median sales prices from a month-over-month and year-over-year perspective. As we had anticipated, these numbers again indicate that we are experiencing a leveling of the market. Reno-Sparks Homes Median Sales Price October 2010 median price was up 2.2% to $172,775 compard to $169,000 in September 2010. The median sales price has remained relatively … (2 comments)
The Tax Foundation, a nonprofit and nonpartisan tax research group in Washington, D.C. has released its latest edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states. Nevada came in at Number 4, which means the state had the fourth-best tax climate on the first day of the 2011 fiscal year, or July 1, 2010. South Dakota's tax system was ranked first, making it the most welcoming to economic activity, and was followed by Alaska and Wyoming at second and third. The goal of the index is to focus lawmakers' attention on … (0 comments)
reno homes: Reno Farmers's Market Roasted NM Green Chiles
- 10/02/10 05:53 PM
Every Saturday from mid-June to mid-October, I look forward to the downtown Reno Farmer's Market. All of my favorite vendors are there, the sweet corn guy, the strawberry man, the red grape man and Tim from Amber Oaks with his berries, figs, apples and tomatoes. The very last downtown Reno Farmer's Market is always my favorite. The folks who come all the way from Hatch, NM with the green chiles and their roaster make it special. Green chiles by the burlap bag are loaded into the roaster and the fire is lit. The aroma is irrestible, people actually stand around … (1 comments)
reno homes: Reno-Sparks Homes and Real Estate Report July 2010
- 08/24/10 05:15 PM
Reno-Sparks homes and real estate report is your insight into the housing market, sales, listings, bank owned and short sales statistics. Summary In July, we experienced an anticipated letdown in the number of existing home sales following the five year record set in June which was driven by the deadline to close sales qualifying for the $8000 tax credit by June 30. The July numbers for new pending sales remain strong; an important leading indicator for the coming months that indicate continued demand for resale homes. Pending sales taken together with the rise in the July 2010 median sales price … (0 comments)
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