Found 22 blog entries tagged as Reno Real Estate news.

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Despite the bad economy there are about six construction sites still plugging along in downtown Reno. Baseball is the driving force with the Triple A Reno Aces set to open their season next April in their new downtown stadium expected to bring approximately 5,000 people to the area. There will also be an entertainment district including shops and restaurants.  There will also be a renovation of the historic Freight house that will be converted to a restaurant. The Hyatt hotel chain will be opening a 6 story hotel just one block from the river.

The West Street market is set to open on December 6 and will include 17 shops and restaurants in another historic district of brick buildings on the river. I recently hosted the Dickson Realty Real Estate today…

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That’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 “Joe the homeowner” 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 their homes are worth.

 

There is some good news!  The number of trustee sales and notice of defaults are down from August to September this year, which hopefully will mean the steady flow of foreclosures coming on the market is starting to decline.

 My gut feeling for the next 12…

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