Monthly Archives: April 2009

Lawyers Say: A “Short sale” Might Not End a Homeowner’s Problem

Short selling lenders are beginning to insert language in short sale agreements: Lenders appear to be inserting language into short sale contracts that allow them to sue for any “deficiency,” or the amount lost by a bank by selling a … Continue reading

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Buyers Find Opportunities in Foreclosured Homes

The Nevada Appeal reports that buyers are beginning to see opportunities with foreclosed homes.

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Vacancies Increase for Retail Space

Retail vacancies in northern Nevada continue to climb.  The Nevada Appeal reports vacancies at record levels in the Reno-Sparks area. Vacancies are at 14.7 per cent of the total available space, caused in large part by the closure of some … Continue reading

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Reno: Increase in The Sales of Existing Homes

The Reno/Sparks Association of Realtors reports a continued increase in the sales of existing homes while the median price continues to decline. There were 366 sales of existing single-family homes in Washoe County in March, up 24 percent from the … Continue reading

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Beware green jobs, the new sub-prime

Nevada politicians and business leaders hoping to cash in on government money have been busy promoting “green” as a wonderful thing for both the Nevada economy and for the environment.  I am highly suspicious of the entire idea.  None of … Continue reading

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Why Houses Look Better and Better

The Wall Street Journal reports that buyers are beginning to enter the housing market and that the home prices may be nearing a bottom. The fall in prices and the rise in sales activity is a good thing. It shows … Continue reading

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Bankruptcies surge despite law

RGJ reports a surge in bankruptcies. Nevada was up 44 percent from a year ago.  I suspect that bankruptcies and foreclosures would follow similar paths. Previous recessions also drove people to bankruptcy court, though those increases were more moderate. Bankruptcies … Continue reading

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