Monthly Archives: May 2010

Is the Reno Real Estate Market Ready for a Turnaround?

Is the Reno real estate market ready for a turnaround? Maybe.  And then, maybe not.  Many have the opinion that we have hit the bottom and are already on the way to recovery.  Others, however, have a very different view. … Continue reading

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Nevada jobless rate climbs to record level

Do you really think we are out of the woods yet, in this recession, I mean? Check out this report.

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Home sales inching upwards in Reno area

The  RGJ reported that home sales inched up slightly in April. This report, based on information provided by the Reno Sparks Association of Realtors contrasts with the national report provided by the Mortgage Bankers Association.  I realize that different ares … Continue reading

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NAHB: 71.1% of Reno Area Homes Affordable

The National Association of Home Builders, NAHB, published a quarterly Home Opportunity Index showing that more than 72 percent of all new and existing homes sold between January-March 2010 were affordable to families earning the national median income. The report shows … Continue reading

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Home Sales Fall after Tax Credit Expires

Here’s more evidence of the effect of the government meddling in the marketplace.  It’s sort of like the cliché about pushing on a balloon: no matter where you push, the balloon will expand somewhere else. The Mortgage Bankers Association (MBA) … Continue reading

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Schiller: Fear of a Double Dip Could Cause One

Fear of a double dip could actually cause one opines economist Robert J Schuller in the NYT. In fact, there is still a real risk of a double-dip recession, though it can’t be quantified by the statistical models that economists … Continue reading

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Homebuyers Turn Toward Cash for Purchases

Jason Hidalgo has a nice article today in the RGJ about many homebuyers avoiding the banks and paying cash for the purchase. Part of the reason is the very large price drops we have seen.  Many of the homes are … Continue reading

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