Broker Beach Blog
A blog about the Reno/Sparks real estate market, local news and information, technology, and whatever is on my mind.
RECENT BLOG POSTS
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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...
04/18/2013
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Justin Jones, (D) D-9, is putting forth a home owner's bill of rights in the legislature. The bill can be viewed here. You can track this and other bills (a certain number for free) by creating an account at the Personalized Legislative Tracking website. Below is a quick overview of the major...
04/15/2013
A new listing came out this evening. Heart of the Old Southwest for a cute little home around 1,300 sqft. No big deal until I looked at the price per sqft... $306.92 per sqft. There's only been 4 homes in the past 4 years to sell over $300 per sqft (current property is on the list of 5 to the rig...
04/14/2013
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McLean Mortage in Virginia has come out with an innovative way to give their buyers an edge in putting in offers. The McLean "LoanFirst Program" will give a buyer a full pre-approval prior to putting in an offer. This pre-approval differs from a traditional pre-approval because they will put in t...
04/11/2013
Ticor Title Company sent out the updated foreclosure stats for March 2013. The full stats can be viewed by clicking the picture to the right. Notice of Defaults hit their highest point since September 2011 (start of AB 284) Notice of Sales (final recording before foreclosure) at their highest sin...
04/11/2013
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FHA Loan Prices To Increase On April 1st- Renownhomes.com If rates go up a refi may not work. You should look into a conventional with 5% down. Fannie Mae Says Housing Return To Remain- Inman.com It's still about 70/30 that the market won't depreciate in the near future. Streamlined Loan M...
03/29/2013
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The legislature is in full swing and they will finally begin to tackle the AB284 language debacle. For those of you that haven't been following... AB284 made it tougher for a lien holder to foreclose due to the vague language of "personal knowledge" and other verbiage. Oh yeah... it's also a felo...
03/26/2013
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Earlier this month the Reno/Sparks Assocation of Realtors published the market stats for February of 2013. View here. The report showed that we have 3.9 months of inventory. For whatever reason (most likely because NAR does it the same way), the Assocation chose to include pending homes in the m...
03/25/2013
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The Reno/Sparks Association of Realtors came out with their monthly market report. This report covers the real estate stats for February 2013. The full report can be viewed by clicking the picture to the right. Below are the cliffs... Median sales price rose to $190,100 after a January drop. This...
03/13/2013
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Buyers Are Frustrated-DSNews.com Every single one of them. Foreclosures Down And Short Sales Up-RGJ.com Nothing new. Metrostudy Says Reno Real Estate On The Rebound-RGJ.com Ehhhh. Read below. Home Price Gains Not Sustainable-DSNews.com Though that doesn't mean they will depreciate. 100 Ye...
03/01/2013
Rainmaker
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Ricky Beach
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