Housing Bubble Blog: July 2006

Reno Real Estate Directory
Monday, July 31, 2006

The guys at Reno Nevada Real Estate are running a special on their Reno Real Estate Directory. Regular links are now $5! and you can get a featured listing for only $10. This is a great opportunity for Reno Real Estate professionals to advertise their services for next to nothing!.

Just click 'Submit Link' on the top green bar. You can link directly to their categories below.

-Reno Agents and Brokers
-Reno Apartments and Rentals
-Reno Commercial Real Estate
-Reno Construction
-Reno For Sale By Owner
-Reno Foreclosures
-Reno Golf Real Estate
-Reno Home Improvement
-Reno Mortgage and Finance
-Reno Moving
-New Reno Homes

www.reno-nevada-real-estate.com

posted by author @ 9:21 PM, , links to this post

The Ultimate Reno Condo Guide
Sunday, July 30, 2006

This will be my last post about Condos in Reno. I have found the best guide to what's going on with the Reno Condo craze. Check out the Around Carson Blog for a great article (and tons of great photos) on this subject.

posted by author @ 8:35 PM, , links to this post

More Condos in Reno
Tuesday, July 25, 2006

In my post yesterday about Reno Condos, I forgot to mention the new Grand Sierra Resort, also known as the Reno Hilton. So, how many of us would be proud to live in the Hilton? I can see some definite advantages - Loose Slots, Cocktails, and a Cheap Buffet. I'll spare you the Paris Hilton Jokes.

posted by author @ 7:36 PM, , links to this post

Downtown Reno Condos
Monday, July 24, 2006

Well, the Reno Condo Scene is blowing up big time. We were walking around on First & Virginia and noticed that there are now condos being built in the place of what used to be casinos. If you think about it, we have gone from the small town where Californians come to gamble, to the small town where Californians come to live...

AND gamble in the Reno Real Estate market.

Just down the street and around the block on Sierra and Liberty, they're building Arterra, which looks to be a fairly upscale condo complex.

Check out the Arterra Reno website for more information.

posted by author @ 7:44 PM, , links to this post

Relocating to Reno?
Tuesday, July 18, 2006

Here's an interesting article about VERY wealthy (Ebay, PeopleSoft, Sun Microsystems)Californians who relocate to Incline Village in order to save on taxes, but ultimately end up being accused of tax evasion by California.

"Scores of wealthy Californians "go Nevadan" each year, relocating to a neighboring state famous for its low taxes. Among the transplants are Pierre Omidyar, founder of eBay Inc., and Andreas Bechtolsheim, a co-founder of Sun Microsystems Corp. But as Mr. Duffield's experience shows, what looks appealing on paper can prove far messier in real life."

Via Post-Gazette

posted by author @ 9:52 PM, , links to this post

Any Reno Real Estate Agents out there?
Sunday, July 16, 2006

Here's a free tip for local real estate agents:

Yahoo just recently began including Answers into their search results pages. What does this mean? Free advertising!

Go to Yahoo Answers, create an account (you need a yahoo email) and start answering questions about Reno Real Estate. Without being too spammy, you can put a link to your website and subtly offer your services.

Another option for advertising your services is to go to Reno Nevada Real Estate and list your site for a mere $5.

Reno Nevada Real Estate Directory

posted by author @ 6:14 PM, , links to this post

Real Estate Lessons
Saturday, July 15, 2006

Still crazy enough to buy a house in this market? Wikipedia has a great List of Real Estate Topics.

Depreciation is an accounting and finance term for the method of attributing the cost of an asset across the useful life of the asset. Depreciation is an example of applying the matching principle as per generally accepted accounting principles.

Depreciation is a reduction in the value of a currency in floating exchange rate.

Depreciation is often mistakenly seen as a basis for recognizing "wear and tear", obsolescence, or impairment on an asset, but these issues, where seen as significant enough to account for, are handled through an asset revaluation reserve.

posted by author @ 2:59 PM, , links to this post

Nice home in Reno for sale.
Monday, July 10, 2006

Now that everybody and their dog is trying to sell their home in Reno, we should start to see sellers and agents shining their kitchens real good. No more cell-phone-cam pics of the backyard. No more cardboard, crayon scribbled on, for sale signs hanging out in the dumpy front yard.

It's a buyer's market.

Check out this 'real clean' home for sale in South Reno.

posted by author @ 10:03 PM, , links to this post

Is it a buyer's market in Reno?
Saturday, July 08, 2006

I think it's obvious that the Reno Real Estate Market is slowing considerably. I see quite a few homes that have been for sale for months - Help U Sell, Prudential Realty, FISBO's, etc. Compare this to how things were a year ago, and I think you can say that the market has slowed. I'm not going to say that the Reno Real Estate Market has dried up, but I think that buyers may finally have gained a little control in this market. Too bad interest rates are not in favor of the buyer.