Voice of Reno-Tahoe Real Estate

June 2008 Blog Posts (39)

Think Green when it turns White and save on Gas

When I saw this article in the Nevada Appeal Friday I thought it was a little early, but calendar for November and you’ll be ready to go.

SNOWBOMB CARPOOL IDEA WINS GRANT, a Lake Tahoe-based online lift ticket retailer, has been awarded a grant from to further develop and implement its ski/snowboard specific online ride sharing program created last winter season.

In the winter of 2008, SnowBomb partnered with Kirkwood to launch the first version of… Continue

Added by Charly Baron on June 30, 2008 at 8:39pm — 1 Comment

Hands Free Cell Phone Law Takes Effect July 1st in California!

Starting July 1st, it will be against the law to use your cell phone while driving without a hands free device. Motorists under the age of 18 will be prohibited from using cell phones while driving, period.

Law enforcement officers will be able to pull you over for a phone violation and write you a citation. The base fine for the first offense is $20, and $50 for subsequent convictions. The fines can be triple the base amount with the addition of penalty assessments.

Out of state… Continue

Added by Brent Johnson on June 30, 2008 at 5:10pm — No Comments

Chase Estates Tour a Big Success

This year's Chase International Lake Tahoe Lakefront and Luxury Estates Tour was a huge success. Over 300 people turned up for the 12th iteration of this annual event, a rare treat for many to tour the finest homes at Tahoe.

One of the real stars this year was the fanciful home known as Birdie. Here's a quickie video… Continue

Added by Diane Cohn on June 29, 2008 at 5:42pm — 1 Comment

Stop Growth on Ballot

Watch out how you speak to people, there’s power in group rage. An amazing feat by a small group of concerned citizens has created the first ever growth initiative to be put on the ballot this November.

Stemming from a Washoe County Commissioner meeting on March 11th, the group of advocates for sustainable growth led by Bob Fulkerson were told to “go home and watch OPRAH ” when they asked for the initiative to be put on the ballot.

Wow, look what happens when people get… Continue

Added by Michelle Plevel on June 28, 2008 at 8:10am — No Comments

Downtown Block Party

Reno’s downtown is continuing to be the happening place. Just approved by the City Council, eight blocks of tear downs or 56 parcels will be developed by two companies, Northern Nevada Urban Development Co. and Golden Eagle Industries. The area comprises blocks and blocks from Virginia Street to Fifth Street to Evans Avenue.

My take on all this, better check out the downtown block party. I own property on Idlewild zoned for townhouses, were keeping it for tomorrow-land. Reno is going… Continue

Added by Michelle Plevel on June 26, 2008 at 7:03am — No Comments

The FOMC leaves Fed Funds Rate at 2%

The FOMC left the Fed Funds rate unchanged at 2.0%. The economy, in the most recent numbers has modestly expanded and these numbers are backed up by household spending firming. The rise in energy prices, housing conditions, is likely to weigh on economic growth over the next few quarters.

The inflation outlook for inflation remains high with continued upward pressure on energy and commodities prices. The FOMC, however, does expect inflation to moderate later this… Continue

Added by Cory Henderson on June 25, 2008 at 12:14pm — No Comments

Housing Bailout Passes Senate

“The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.” Associated Press

You have to be a double economics guru to understand this bill. To quote Vince Farrell of Scotsman Capital Management, we are going to face “the law of unintended consequences”. Exactly what many tax… Continue

Added by Michelle Plevel on June 25, 2008 at 7:25am — No Comments

Chase International's Lake Tahoe Lakefront and Luxury Estates Tour

Chase International cordially invites our ChaseNation members to our annual Lakefront and Luxury Estates Tour. This year we’ll have 27 gorgeous, rarely seen homes open for viewing ranging in price from $2.6 million to just over $11.9 million.

The self-guided tour begins at 10 am on Wednesday, June 25, 2008 and runs till 5 pm.

Please click here to be directed to our Lakefront and Luxury… Continue

Added by Shari Chase on June 24, 2008 at 11:30am — No Comments

Survey Shows Consumers Optimistic on Real Estate

Survey Shows Consumers Optimistic on Real Estate

eMediaWire (06/23/08)

A new poll from Housing Predictor indicates that most consumers believe the national real estate market will improve in a short time. About 50 percent of respondents said they believe the real estate market will rebound within the next two years, and 25 percent said conditions will turn around in a year or less. The online survey also reveals that only 28 percent expect it to take five years or more for the credit… Continue

Added by Yolanda Gonzalez on June 23, 2008 at 8:31am — No Comments

The Next Wave

This just went up at Reno Realty Bog. I'm interested in your responses,input, and comments here at ChaseNation:

I’m not quite ready to say that the "sub-prime crisis" is over, but the majority of these loans were 2/28s and most have been flushed out of the system. The early resetting sub-prime loans recast at death interest rates due LIBOR abnomally high rates, which have since subsided. Late sub-primes (and early 5/25 Prime and Alt A) loans are resetting at rates pretty near their… Continue

Added by GreenNV on June 21, 2008 at 7:25pm — 2 Comments

ArrowCreek Walks The Plank~

The final outcome of the ClubCorp proposal may soon be decided. The entire community is now involved in the task of disseminating information on the ClubCorp proposal and you can visit the newest non official web site that has a compilation of documents, research and personal commentary on the facts of what is happening or can happen with the vote on the CCP. Hard copies will be landing at your door soon but see the link at the bottom of the blog for a complete library of docs.

Also… Continue

Added by Michelle Plevel on June 21, 2008 at 11:30am — No Comments

Top Ten Home Defects... That Cancel Escrows

Brenda Hungerford of All Phase Home Inspection Services highlighted the top ten home defect deal-busters during a home inspections class that I attended this week:

* electrical, especially do-it-yourself additions and remodels

* roof & flashing

* heating/ cooling systems

* plumbing

* inadequate or improper ventilation

* poor maintenance

* poor drainage

* minor structural defects

* water intrusion

* environmental… Continue

Added by Kristine Mitchell on June 21, 2008 at 8:30am — 1 Comment

Buyer & Seller Opportunities in Reno Market

Don't miss this quickie interview with Realtor JoAnn Corriera, a 12-year veteran of the Reno real estate market. While some areas of our market continue to languish, others zip right along with great opportunities for both buyers and… Continue

Added by Diane Cohn on June 20, 2008 at 6:00pm — 2 Comments

Truckee/Lahontan Market Update

This is a great, quick market update on recent high end sales in the Truckee/Tahoe region.

Added by Sandi Solomonson on June 19, 2008 at 12:24pm — 3 Comments

Reno and Sparks Market Trends

Here’s a quick look at what’s going on if you are watching for the day to jump in to purchase a property or if you are selling and wondering what’s up?

Home sales year to date for Reno is 847 and Sparks 370.

Sold price to list price for Reno has been 95.2% and Sparks is 96.2%.

Median prices for Reno is now $285K down from a high of $355 in 2005. Sparks is at $254K down from a high of $325K in 2005.

For the last three months, Reno’s market looks like… Continue

Added by Michelle Plevel on June 19, 2008 at 7:52am — No Comments

ArrowCreek’s ClubCorp Update

For all those people who live in the premiere golf community of ArrowCreek the news about ClubCorp purchasing the two courses and clubhouse is true and is on track. How lucky can we get. Just take a drive to Granite Bay in Roseville and you will see the opportunity to turn ArrowCreek into a statewide treasure.

Last week Ken Kasten SVP of ClubCorp flew in to participate in four long community meetings. He presented the facts, unvarnished and detailed to the homeowners as to what… Continue

Added by Michelle Plevel on June 18, 2008 at 7:44am — No Comments

Washoe Co. Homes Sales Up

We are up a whopping 1% over last month in home sales for the county. I’ll take it. Inch by inch we are recovering and it’s good for me. Total sales for the county was 311, Reno alone had over half with 158 properties and Sparks 98.

With building at an all time low nationwide (the lowest since 1985) it looks like the inventory in the city will be leveling off which is a good thing for the resale market but a serious problem for workers. Stats are claiming that 15,000 workers per week… Continue

Added by Michelle Plevel on June 17, 2008 at 7:00am — No Comments

Thunderbird Lodge Makes Deadline~

A super ”anonymous donor” has saved the day for the Thunderbird Lodge by making the critical deadline of June 20th for a 5 million dollar endowment fund. What makes this fund so imp0rtant was that Pulte Homes gave the Thunderbird Lodge Preservation Society a 10 million dollar forgiveness waiver for a lien that they had on the property if they could come up with the 5 mil to guarantee the 300K upkeep per year. Looks like that is a done deal and the spirit of George Whittell’s summer estate will… Continue

Added by Michelle Plevel on June 16, 2008 at 6:30am — No Comments

The Players In Today's Market!

Gone are the opportunists that fueled the market with quick turnover and fast profits as we witnessed in the period of 2004 through 2006. During this time bountiful and easy money in the market place allowed anyone with a pulse to participate and discover instant wealth. The old adage “easy come, easy go” would describe their demise. The short turnover investor and their ubiquitous wealth have disappeared. Who are the buyers in the market today?

As a real estate agent, I am having… Continue

Added by Jim Wire on June 15, 2008 at 8:30pm — 3 Comments

Vacation Rental Moratorium in South Lake Tahoe?

The South Lake Tahoe City Council is having a meeting on June 17th to discuss the possibility of a Vacation Rental Moratorium in the City of South Lake Tahoe. Apparently there are some angry locals that believe that vacation rentals are the main cause of noise pollution, bear, and parking problems in South Lake Tahoe.

I believe that rules and enforcement will be a much better solution than a moratorium on new vacation rental permits.

I have witnessed more problems with… Continue

Added by Brent Johnson on June 13, 2008 at 3:11pm — 5 Comments

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