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        <title>Real Estate Blog</title>
        <link>http://www.homes-reno.com/blog/reno-real-estate/</link>
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            <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>
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            <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>
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            <guid>http://www.homes-reno.com/blog/love-it-or-hate-it-the-stimulus-bill-definitely-has-some-positives-for-home-buyers.html</guid>
            <link>http://www.homes-reno.com/blog/love-it-or-hate-it-the-stimulus-bill-definitely-has-some-positives-for-home-buyers.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>Love it or Hate it, the Stimulus Bill Definitely has Some Positives for Home Buyers</title>
            <description> <![CDATA[ &nbsp; 

&nbsp;


The following article was written by Stephanie Hanna, Platinum 1st Mortgage&nbsp;

It doesn&rsquo;t really matter what side of the political fence you sit on, there&rsquo;s no denying that the new stimulus bill offers good news for potential home buyers.&nbsp; The way I see it, there are two specific portions of this bill that impact buyers most directly:

-&nbsp; Increased tax credit benefit for first-time homebuyers.&nbsp; Let me first define a first-time homebuyer because th... ]]> </description>
            <pubDate>Mon, 23 Feb 2009 11:15:01 -0600</pubDate>
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            <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>
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            <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>
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            <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>
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            <guid>http://www.homes-reno.com/blog/60-of-homeowners-are-under-water.html</guid>
            <link>http://www.homes-reno.com/blog/60-of-homeowners-are-under-water.html</link>
            <author>dhughes@dicksonrealty.com (David Hughes)</author>
            <title>48% Of Nevada Homeowners Are Under Water</title>
            <description> <![CDATA[ 








That&rsquo;s right! They owe more that their homes are worth. A good chunk of that is attributed to Las Vegas and their declining values, but in spite of that it is a very troubling statistic. The average &ldquo;Joe the homeowner&rdquo; is teetering on the edge, if they get transferred or lose their job what are the choices if they do not have the money to pay the difference in what they owe and what they could sell for. Nationwide the statistic is 20% of all homeowners owe more than th... ]]> </description>
            <pubDate>Fri, 31 Oct 2008 13:36:25 -0500</pubDate>
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