<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0">
    <channel>
        <title>Real Estate Blog</title>
        <link>http://www.homes-reno.com/blog/reno-real-estate-news/</link>
        <item>
            <guid>http://www.homes-reno.com/blog/reno-housing-inventory-down-to-23-months1.html</guid>
            <link>http://www.homes-reno.com/blog/reno-housing-inventory-down-to-23-months1.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Reno Housing inventory down to 2.3 months</title>
            <description> <![CDATA[ 
&nbsp;

As of the end of April the Reno Sparks area had an inventory of 2.3 months.&nbsp; This means that at the current pace of housing sales we would sell all of the inventory in 2.3 months. Compare that with November of 2008, when we had about 13 months of inventory on the market.&nbsp;A typical buyers market is defined as 8 months of inventory on the market. You do the math. Some people say banks are holding back on releasing foreclosures. If that is true there could be a flood of houses hi... ]]> </description>
            <pubDate>Thu, 17 Jun 2010 11:53:42 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.homes-reno.com/blog/downtown-reno-heading-in-a-new-direction.html</guid>
            <link>http://www.homes-reno.com/blog/downtown-reno-heading-in-a-new-direction.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Downtown Reno Heading in a New Direction</title>
            <description> <![CDATA[ 


The recession has hit downtown Reno in a crazy way and the trend is not exactly what Reno officials were looking for. They were working for a mix of housing, shops and restaurants to help the faultering casino industry. The reason for the downturn in casino gaming is the Indian casinos in California which are just about three hours away.
&nbsp; 
The problem is the elephant in the room, which was Nevada's real estate crash. Reno's downtown condo market has floundered.&nbsp; The biggest project... ]]> </description>
            <pubDate>Wed, 09 Dec 2009 13:16:49 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.homes-reno.com/blog/reno-first-time-home-buyer-tax-credit-extended.html</guid>
            <link>http://www.homes-reno.com/blog/reno-first-time-home-buyer-tax-credit-extended.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Reno First time home buyer tax credit extended</title>
            <description> <![CDATA[ 
The tax credit that was scheduled to end at the end of November has been extended until June 30, 2010. You must have&nbsp;a signed purchase contract in place by April 30, 2010. It is for first time home buyers, meaning you have not owned a home in the last 3 years and it is up to a maximum of $8000.

They have also made it to include existing homeowners who have owned a home for the last 5 consecutive out of the last 8 years and it is to a maximum of $6500.

If you are a fist time home buyer an... ]]> </description>
            <pubDate>Fri, 13 Nov 2009 17:01:05 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.homes-reno.com/blog/reno-aces-sell-out-in-30-minutes.html</guid>
            <link>http://www.homes-reno.com/blog/reno-aces-sell-out-in-30-minutes.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Reno Aces Sell out in 30 minutes</title>
            <description> <![CDATA[ 


April 4 single game tickets went on sale and they sold out the first game in 30 minutes. There are still some great half and full season packages available. The Reno Aces who is the farm team for the Arizona Diamond backs will open their season on April 17 against the &quot;Salt Lake City Bees&quot;. Our Aces are in the Pacific Coast Triple A baseball league and will be facing other opponents such as the Albuquerque Isotopes and the Sacramento River Cats. 

I don't know if a lot of people kno... ]]> </description>
            <pubDate>Tue, 07 Apr 2009 12:03:47 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.homes-reno.com/blog/reno-sparks-land-values-down-by-40.html</guid>
            <link>http://www.homes-reno.com/blog/reno-sparks-land-values-down-by-40.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Reno Sparks Land Values Down by 40%</title>
            <description> <![CDATA[ 
The Washoe County Assessor is coming out with a report saying values of raw land are down from 30-40% since the height of the market. The shocking fact is that most homeowners will be hit with a 3-5% tax increase this year because of a report that came out stating the replacement values of actual homes and buildings&nbsp;are up. Nevada&nbsp; property tax caps were put in place in 2004 which states that excess property values were not taxed in prior years and can be pulled from abatement to incr... ]]> </description>
            <pubDate>Mon, 22 Dec 2008 11:24:21 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.homes-reno.com/blog/treasury-pushing-for-45-interest-rates.html</guid>
            <link>http://www.homes-reno.com/blog/treasury-pushing-for-45-interest-rates.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Treasury pushing for 4.5% interest rates</title>
            <description> <![CDATA[ The treasury department has presented a plan to loan banks money at 3% so they could in turn loan it to new home buyers at 4.5% and actually make a 1.5% profit. It is currently in the developmental stage and may not take effect until Obama is in office. &quot;This will definitely stimulate sales and get buyers who are on the fence to make a move&quot;. What it does not do is address the foreclosure issue, well I guess in a way it does. In this current market, most of the foreclosures in the Reno... ]]> </description>
            <pubDate>Tue, 16 Dec 2008 16:48:31 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.homes-reno.com/blog/10-fun-things-to-do-in-and-around-the-reno-area.html</guid>
            <link>http://www.homes-reno.com/blog/10-fun-things-to-do-in-and-around-the-reno-area.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>10 Fun Things To Do In and Around the Reno Area</title>
            <description> <![CDATA[ 
(This is the 1st in a series of blogs about the many fun things to do in Reno and the surrounding areas)
&nbsp; 
&nbsp;



Take a drive to Virginia City (about 23 miles outside Reno) and plan to stay for a few hours.&nbsp; It&rsquo;s about a 30 &ndash; 45 minute drive up a curvy road and well worth it.&nbsp; Park your car and walk up the old wooden walkways to all the stores, saloons, museums and more.&nbsp; Take a train ride through the historic mining areas, it takes about 35 minutes.&nbsp; T... ]]> </description>
            <pubDate>Mon, 24 Nov 2008 11:19:32 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.homes-reno.com/blog/government-announces-mortgage-relief-effort.html</guid>
            <link>http://www.homes-reno.com/blog/government-announces-mortgage-relief-effort.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Government announces Mortgage relief effort</title>
            <description> <![CDATA[ 


&nbsp;

It does not come without some resistance.&nbsp; It is focused on loans either owned or guaranteed by Fannie Mae and Freddie Mac. It is for homeowners who are at least 3 months behind on their mortgage and owe 90% or more than the house is worth. They will either reduce total housing expense to 38% of your gross income or extend your mortgage from 30 to 40 years or defer some of the principal and make it interest only so distressed home owners can stay in their homes. 



There are a l... ]]> </description>
            <pubDate>Wed, 12 Nov 2008 10:49:13 -0600</pubDate>
                    </item>
    </channel>
</rss>