Tag Archives: Recovery

Reno home sales the highest since April

The RGJ reported that Washoe home sales increased in Auugust. Home values for existing homes in Washoe County hit their highest level since April, with the area posting its strongest August sales numbers in six years. The median sales price … Continue reading

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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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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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Forbes: The Great Housing Recession Continues

Here’s a Forbes article about the real estate market and whether we are out of the woods yet. As I read it, Forbes doesn’t think so, and neither do I. There were suggestions in the media this week that there … Continue reading

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Washoe County Jobless Rate 13.4%

The Reno/Sparks February  unemployment rate was reported at 13.4% by the  Nevada Department of Employment, Training and Rehabilitation.  Statewide rate was set at 13.2% with The Las Vegas area at 13.8%.  It would appear that any recovery would be a … Continue reading

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Foreclosures: Just Tip of the Iceberg

Bruce Norris, real estate analyst, investor and lender  said, that despite some reports suggesting the housing crisis may be hitting bottom, foreclosures so far represent the “tip of the iceberg.” This may appear counter to other, more optimistic opinions, (see previous … Continue reading

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Job Creation Marketplace Dismal in the West

This map shows the job market conditions in different regions in the country.  As you can see, the South seems to be in the best shape while the West is hurting, big time.  I suspect that the real lines are … Continue reading

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Home Prices Still Improving

This Reuters story reports “Home prices flat after five months of gains“. U.S. home prices were unchanged in October, according to the widely watched Standard & Poor’s/Case-Shiller indexes released on Tuesday, indicating stabilization in the hard-hit housing sector though the … Continue reading

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Near Record Low Mortgage Rates

Mortgage rates are at near record low levels. And, for our own re-fi, – would you believe the bank is concerned that I mis-spelled the name of my second cousin, fourth removed and forgot to mention the $15.00 that I … 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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