Monthly Archives: April 2011

Gas Prices in Nevada, Reno and Las Vegas

From Channel 5, Las Vegas: According to AAA, gas prices in Las Vegas are $3.88, up just one cent from last week. In Reno, the price for a gallon of regular gas is now $4.05. The Nevada average, however, is … Continue reading

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Suit Filed Against Seven Major U.S. Banks Alleging Fraud Against Homeowners

Philip Kramer, an attorney from Calabasas, California filed suit against seven US banks alleging they defrauded homeowners. Kramer has filed lawsuits against Bank of America, JP Morgan Chase, Washington Mutual, One West-Indy Mac, GMAC, Wells Fargo/Wachovia and Citibank which he … Continue reading

Posted in Banks, Foreclosure, Fraud, Real Estate | Tagged , , | Leave a comment

Celebrities Sell Real Estate and Profit Nicely

If you think every one has been hurt in this economy and real estate downturn, you will be surprised. Here is a story where celebrities all made a lot of money when they resold their real estate.

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The Most Expensive Home Sale Ever

Do you think times are bad here in Reno? Maybe and maybe not.But,  it’s not the same all around the world.  A home in London, UK was recently sold (purchased) for $221 Million.  And it was for a condominium, no … Continue reading

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Housing Markets Still Facing Downward Pressure

Here is a Business Insider story naming 10 US housing markets that are at risk of a major collapse. Las Vegas is one of the cities and Case Schiller predicts a 21% decline in value from 2010 to 2012. 6.7 … Continue reading

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Zillow Buys Postlets

Here’s an interesting story. Zillow bought Postlets. Postlets is that web site that allows you to create a flyer and syndicates the information across the web. The story is that Zillow didn’t really want to make this purchase.  It was … Continue reading

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Groupon Getting Into Real Estate

Is Groupon getting into the real estate business too?

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Distress Homes Drive Down the Real Estate Market

According to CoreLogic the abundance of distressed homes is dragging the rest of the real estate market down.  Conventional sellers must compete with the large numbers of short sales and REO’s. What I wonder about is how could CoreLogic need … Continue reading

Posted in Economy, Foreclosure, Real Estate, Short Sales | Tagged , , , | 1 Comment

April Fool: I Bit

I have to hand it to I was viewing my stats.  It showed a huge jump in traffic.  But it was not quite clear.  The numbers did not agree. Then, when I looked closer at the detail, it said … Continue reading

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Census Reports Housing at 13% Vacancy Nationwide

The Census Bureau reports that the home vacancy rate is 13% nationwide, although some dispute these numbers .  Apparently, a large percentage of these properties are vacation homes and are not really considered vacant.The state by state rate varies from … Continue reading

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