Monthly Archives: October 2009

Fed Wants to “Police” Bank Pay

This AP story in the Sparks Tribune tells of Fed plans to “police” pay at all banks, not just those that received federal money. Unlike a Treasury plan to slash pay at certain companies that were bailed out with large … Continue reading

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Reno Jumps to # 9 in Foreclosures

As reported in the RGJ Reno jumped from to the 11th spot to # 9  in metropolitan areas nationwide. Reno-Sparks posted a foreclosure-related activity rate of one in every 37 housing units during the third quarter, bumping it up to … Continue reading

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That Evil Health Insurance Industry

Dontcha just hate it when those evil health insurance companies are ripping us all off?  Well, me too.  But, before we get all lathered up, check out this AP story published in none other than the New York Times. WASHINGTON … Continue reading

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Real Estate Auctions

Jason Hidalgo, writing in the RGJ, has a story on one person’s experience at a real estate auction and the increase in the popularity of auctions as a way to sell bank owned real estate. Auctions typically conjure images of … Continue reading

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Volume of Home Sales Increases, Prices Remain Down

RGJ reports: Sales of existing homes in Washoe County continued to significantly outpace last year’s numbers in September, but median price also remained sharply down year-over-year.

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Unemployment in Washoe County Exceeds 13 Percent

The RGJ reported that the Washoe County unemployment rate Jumped from 12.4 %  to 13.1 % in August.  This was due, in part, to a loss of 400 construction jobs.  Even though the rates rapid rise has slowed in recent … Continue reading

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Quarter: Worst 3 Month Period Since Great Depression

CNN reported that there were more foreclosure filings any time since the great depression.  Just 6 states accounted for 62% of all foreclosures in the US  with Nevada and Florida leading the pack.  Nevada showed one filing for every 23 … Continue reading

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Reno Has the Weakest Housing Market in USA

This RGJ story reports that Reno metro area is expected to have the nations largest price decline in housing nationwide. // <![CDATA[// Nevada earned the dubious distinction of having the two weakest markets in the VeroFORECAST report. Las Vegas came … Continue reading

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Economists Say the Recovery Is Beginning. But, Is It Really?

Numeous news stories have appeared recently proclaiming that the recession is over and that recovery is on the way.  Similar stories abound claiming that real estate has bottomed out and prices are on the way up.  But perhaps things aren’t … Continue reading

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Jack Miller RIP

Our dearest friend and mentor, Jack Miller, passed away Friday. I’m sorry to report sad news this morning.  Jack Miller passed at 8:33 am on Friday, October 9.  Jack was diagnosed with cancer in June and fought valiantly to beat … Continue reading

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