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How do Chinese purchase US Real Estate?
It is widely known in the United States that the Chinese are buying up real estate in Nevada and California. But how can that be? Chinese are only allowed to do so at a rate of $15,000 per year. One thing that the Chinese have to their advantage is large families. Mother’s, Father’s, Sister’s, Brother’s, […]
How Much Active Inventory Is On The Reno Market?
Earlier this month the Reno/Sparks Assocation of Realtor
Reno/Sparks Market Stats February 2013
The Reno/Sparks Association of Realtor
Reno/Sparks To Be A Top 15 Housing Market
The Business Insider came out with their top 15 housing markets for the next five years. You can read the article here… The Best 15 Housing Markets For The Next Five Years Expected gains are to be 8.1% over those five years. I’m a little surprised Reno/Sparks was included. Not due to the market condition […]
Update: Breslow (State of Nevada) Home Retention Program
I must have missed this the first time I read through the articles. According to the Las Vegas Review journal, article here, $100 million of the funds used in the program will be from the treasury department. Breslow was quoted as saying this will have no cost to the state. While that is technically true […]
What’s Up With Fannie Mae List Prices?
If you’ve been looking for houses the past 6-8 months you’ve noticed there isn’t much inventory and prices are going up. Well, Fannie Mae is onto this and has been trying to prop up the market even more. Go ahead and search the Fannie Mae listings. Search Here Now run search on closed and even […]
Reno Real Estate Roundup
All from the RGJ.com except 1. Well 2 10 Reno Trends For 2013- RGJ.com 3-5 are directly related to real estate. Storm Coming To Nevada Housing- KnoxNews.com It’s pretty bad when the AP sees your state’s bubble. Nevada 4th Worst State To Buy Foreclosures- LasVegasSun.com The RGJ article is gone so I guess there’s two […]
Better Get Your FHA Loan By April 1st
On April 1st, 2013 FHA will be raising their mortgage insurance premium (MIP) by .1% and requiring it to be paid for the full term of the loan. View the press release here. An FHA loan created before April 1st will only require mortgage insurance until the loan is 78% of the original balance (around […]
Nevada Face of Foreclosure Report For 2013
The Nevada Association of Realtor
Are Short Sales Going To Get Shorter?
The running short sale joke is that no part of them are short. Freddie mac came out yesterday and said that they can speed up FHLMC backed short sales by 50-75% (effective November 1, 2013). The full post is here… Fannie Mae Short Sale Time Frame Among the many reasons they believe their short sale […]