Author Archive
Time to Lower the Price
Thanks to Smarten for pointing this out over on Chase Nation, but here is probably a better place to share this link. I had another column appear in the paper over the weekend, this time about an experience I had with buyers who made a low offer on an overpriced house. Random lowball offers rarely [...]
A Comment Call to Action
Our corporate broker just published her very first blog post over at Chase Nation. She covered the quarterly stats from around Lake Tahoe and Reno, and let’s just say there were some downward happenings in several major categories. Tragically, there isn’t a single comment so far. Come on, you guys, you know you can’t resist. [...]
Questions About Market Dynamics
Since last August’s lender implosion, our market has taken a significant hit in performance. Each month’s unit sales have been off somewhere in the neighborhood of 33-46% from each month/year prior. This behavior so far has continued into Spring. And for about a year now, only 4-6% of homes listed for sale in our MLS [...]
Reno Sparks Real Estate Market Update
Sales in March 2008 were off 38% from the year prior. The under $300K range is moving along with a decrease to 13 months’ of inventory, and of particular interest was the big jump in pendings from 288 to 370. The $300K-500K range came down to 16 months, and showed improved activity as well. The [...]
Introducing Chase Nation
I have to say, my broker is pretty innovative… to the point where she’ll take a chance on some semi-tested new technology if she thinks it delivers value to the consumer. In that vein, we are please to announce Chase Nation, a vertical social network centered around the conversation about Reno-Tahoe real estate.
What the heck [...]
It’s a Great Time to Buy!
Okay, this is funny. Mike found this one, but only I can point to it because it makes fun of my entire profession. (For all my super serious colleagues out there lurking in the shadows, just laugh… it’s a joke.) For all the rest of you, please enjoy. Movie
Has the Fallout Just Begun?
Thanks to Incline Jim for this doozy… a chart and graph lover’s dream! This informative slideshow presents a compelling case for the we’ve got a long way to go baby argument. Honestly, my head is spinning and I think I may be turning into, gasp, a pessimist. (Say it isn’t so!) Highlights include the salient point [...]
Reno Sparks Real Estate Market Update
Sales in February 2008 were off 37% from 2007. In the under $300,000 price range, a 3-month reduction in months supply of inventory, along with an increase in average price, were the bright spots in our market, indicating that perhaps buyers are finally starting to return at the entry level. These results were in sharp [...]
