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Will AB 284 Be Amended And Where Are The Foreclosures?
Pretty good article in the RGJ today about new negotiations over AB 284. The article can be found here, RGJ Article. While the talks are still preliminary, AG Masto says the bill won’t be changed but there may be clarification on “personal knowledge”. If you’re new to Nevada Real Estate, AB 284 is a bill […]
Reno Real Estate Roundup 12/14/2012
33% Of People Said They Would Get A Mortgage From Wal-Mart- Reuters.com I might if they’re willing to keep it instead of selling to Fannie or Freddie. More Short Sales Coming On The Market- RGJ.com Be patient… Most of them will close. Just not quickly. Strategic Default May Rise In The Near Future- DSNews.com If […]
Goodbye FHA Loans
Looks like FHA loans are on their way out. A couple weeks ago I did a post on the new increase in mortgage insurance for FHA due to a $16.3 billion dollar deficit. Read here. The premise was HUD (FHA) is looking to and most likely will increase MIP (mortgage insurance premium) $15-20$ per month […]
October Reno/Sparks Real Estate Market Stats (Video)
Reno and Sparks real estate market stats for October 2012. Prices are up and listing are down. Sellers market!
Reno Real Estate Roundup 11/23/2012
Rising Sales And Prices In Reno/Sparks- RGJ.com The trend continues… low inventory is increasing sale prices. Exact figures to come next week. Realtor
FHA Loans To Cost More For Home Buyers
Be prepared first time home buyers… The cost of an FHA loan will probably go up in 2013 in order to make up for a $16.3 billion deficit currently being run by FHA. Premiums will go up 10 basis points meaning about $13 per month more that buyers will have to pay on their loan. […]
When Is The Wave Of Foreclosures Coming?
Shadow inventory continues to loom over the Reno/Sparks real estate market as AB 284 wears thin with banks. Banks are starting to figure out how to to get through the “personal knowledge” part of the bill and defaults are starting to rise. Ticor Title foreclosure statistics (picture below) show that the notice of defaults, notice […]
5 Reasons To Sell In The Winter
Most people believe winter is a poor time for selling their home. Market conditions, seasonal visitors, and seriousness of buyers change all that for the Reno and Sparks real estate market. Below are 5 reasons for selling in the winter. 1. Market Conditions The Reno/Sparks median sales price has appreciated 19.5% since September of 2011. […]
Reno Real Estate Roundup 10/26
Market Still Up In Reno: RGJ.com How much shadow inventor is lurking for the spring of 2013? Justice Department Sues BofA: DSNews.com The Fed requires BofA to buy Countrywide then sues them for things Countrywide in the past. Home Prices Up Again: HousingWire.com Same thing every month. Longer Foreclosures Hurt Neigborhoods More: HousingWire.com Common sense. […]
Reno Real Estate Roundup 10/19/2012
Two weeks worth of the Roundup as I was too busy last week to post. Washoe County Home Sales Continue To Improve-RGJ.com My free online RGJ subscription ran out so tell me what it says. BofA Sues 28 HOAs In Nevada-VegasInc.com Not too many people like BofA and not too many like HOA companies. […]