Welcome to the Reno & Lake Tahoe Real Estate Blog! On this site you will soon be able to find up to date information on the real estate market in Reno, including market updates, market stats, neighborhood information about various communities around Reno, Sparks & Lake Tahoe. Please visit again soon for updated real estate information on the greater Reno area.
January 27, 2012
The number of California homes entering foreclosure in the fourth quarter fell 11.9% from the same period in 2010 to the second-lowest level over the last four years, said DataQuick, a real estate information firm in San Diego. A total of 61,517 notices of default, which are filed to initiate foreclosures, were recorded on California properties during the fourth quarter. That was a 13.7% drop from the third quarter of 2011. Some economists say California and other states will probably see an increase in foreclosure actions as banks deal more aggressively with seriously delinquent mortgages.... (more...)
January 27, 2012
The string of sovereign debt downgrades in recent months could be just the beginning. The US, Europe—even Germany—could face further ratings cuts over the next three years, according to a lengthy analysis this week by Citigroup. The European Union got a slight reprieve late Friday as Standard & Poor’s backed its triple-A/A-1+ rating on the EU. It had been under review and at risk of a downgrade. The outlook remains “negative.” In announcing its decision, S&P said the EU “benefits from multiple layers of debt-service protection sufficient to offset the... (more...)
January 27, 2012
The National Association of Realtors said Friday that sales increased 5% last month to a seasonally adjusted annual rate of 4.61 million, the best level since January 2011 and the third straight monthly increase for sales. For the year, sales totaled only 4.26 million. While that’s up from 4.19 million the previous year, it’s below the 6 million that economists equate with healthy housing markets. Sales are increasing at a time when the market is flashing other positive signs. Mortgage rates are at record-low levels. Homebuilders have grown slightly less pessimistic because more... (more...)
January 27, 2012
Americans are cutting their debt faster than other countries and could already be halfway through the deleveraging process, setting the stage for the nation’s economic recovery, says a new report from McKinsey Global Institute. However, even when U.S. consumers finish deleveraging, they probably won’t be as powerful an engine of global growth as they were before the crisis, warns the report. According to McKinsey analysts, deleveraging happens in two stages: First, the private sector reduces debt, while economic growth is negative or minimal and government debt rises; then, growth rebounds... (more...)
January 27, 2012
Wondering what’s going on Tahoe Donner? Now you can see first hand with Tahoe Donner’s Web Cams! Tahoe Donner provides live web cams for: Cross Country, Snowplay Area, Downhill Ski Area Snowbird Lift, Downhill Ski Area Lodge Patio, Golf Course, and Beach Club Marina. Click on the link to view Tahoe Donner Web Cam (more...)
