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Thursday, November 23, 2017

Reno Housing Market Update For April

by Chance Gates (writer), Reno, May 31, 2009

Some quick stats on Reno housing market sales

Sales are starting to increase especially in the under $150,000 range. The sale price remains under pressure from bank owned properties.

April had 419 properties sold compared to 366 in March. This makes 4 straight months of a positive swing in sale in the Reno - 100 Area. However, April saw a 6% drop in median price after three months of relative stability. Of the 419 sales in April 215 were bank owned and another 80 where short sales.

649 new listing came on the market in April a drop of 12% from March. 370 of these listing were either bank owned or a short sale.

Send me a message if you want to know how this effect your particular real estate situation



About the Writer

Chance Gates is a writer for BrooWaha. For more information, visit the writer's website.
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9 comments on Reno Housing Market Update For April

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By Edward on May 31, 2009 at 06:10 pm

Where are you getting your stats from?

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By Chance Gates on June 01, 2009 at 01:29 pm

RSAR

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By Chance Gates on June 05, 2009 at 01:16 pm
Craig is right home prices are still going down. They will continue to drop as long as sale price remains under pressure from bank owned properties. But something to think about the interest rates are on the rise. So a house that cost $250,000 now @ 5.5% would be a lower monthly payment than a house that cost $225,000 @ 6.5% and that is lower than a house at $210,000 @7.5%. Even the expert have a tough time in telling where the bottom is going to be. So the best question a person has to ask himself is where are the interest rate going to be?
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By Marian Levy on June 10, 2009 at 04:26 pm

I don't trust anything the RSAR puts out.  Realtors wear their bias, laziness and greed and incompetence too much for my comfort.

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By Carol Young on June 11, 2009 at 04:07 pm

Yeah, Trust Me, I’m a Realtor, a member of the self-important National Association of Realtors and Reno-Sparks Association of Realtors which says buy now, buy now when now is not the time to buy.  Chance Gates says “Craig is right home prices are still going down. They will continue to drop as long as sale price remains under pressure from bank owned properties.”  Then Gates tries to justify the Realtor buy now drum beat with his deceptive interest rate claim.  Any one that works off commission like Realtors, car salesmen, mortgage brokers or loan officers can not be trusted because they make zero dollars if the deal does not close and will tell you what you want to hear and do anything to close the deal.  Realtor commission is crazily based on the sales price, so the Realtor has a strong motive to get the sales price higher.  Why should a Realtor make more from a $300,000 house than a $150,000 house?  Crazy.  The Realtor did no more work.  The bigger the sale price the Realtor makes. Realtors do not go out of their way to make sure that you get the best price or deal or anything.  Realtors are going to do whatever they can to close a deal and they’re going to try and get the most that they can from you. Realtors will say "I've never made an offer this much below the asking price before" trying to make the you the buyer feel really bad and downright guilty about it, but let me tell you, you would rather have the extra $55,000 that you negotiated the price reduced by in your pocket versus the Realtors’ pocket.  Realtors, although legally and ethically required, will not point out to you anything wrong with the house or the neighborhood or the loan.  Realtors don’t know and don’t want to take the time to negotiate.  We know someone that briefly worked with Kiki Toti with Keller Williams until they fired her because she didn’t want to make, of all things, buyer multiple offers and place an MLS rental ad for the buyer’s current home.

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By Just Average Joe on June 13, 2009 at 02:44 pm

A story like this one here, which it is, a story and one that should never have even been published because it's not news; it's incomplete, biased and poorly written opinion masquerading as news, is why the public has us Realtors down there with used-car salespeople.  What was the editor here thinking when he allowed this garbage to be published?  Chance Gates certainly wasn't thinking it fully through when he wrote "Reno Housing Market Update For April" and then only presented one aspect of it leaving out all the other pieces that along with RSAR one can make an informed statement about what the Reno Housing Market Update For April is.

@ Marian: The vast majority of the Realtors are focused on greed, laziness, fraud, being self-centered rather bullies than on being high class ethical professionals.

@ Carol: The vast majority of the Realtors are whores selling themselves to the highest buyer they'll make money off of or on the buyer they can defraud the most money out of or off of.

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By anadoluweb on June 19, 2009 at 01:32 pm

Ilgaz

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By Speedbump on August 07, 2009 at 07:23 pm

Expect your readers to check your facts and not just nod their heads."

When it comes to real estate agents, I always do both.

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By Greene on September 17, 2010 at 05:41 pm

Realtors! Realtors "work" on commission. ANYONE that works on commission has a motivation to screw you to get their commission. Unlike ALL the other professions that have minimum educational requirements of a degree or two or three, Realtors of course don't. Realtors, the ONLY profession that has NONE, zero, nanda, acadamic degree requirement. Engineers REQUIRE an academic degree. NOT so Realtors. CPAs REQUIRE an academic degree. NOT so Realtors. Doctors REQUIRE an academic degree. NOT so Realtors. The higher the price the more the Realtor commission. Insane I know. So the Realtors have every motivation to exaggerate and lie to us. Again.. And again.. And again. Realtors exaggerate and lie to us. THAT'S a lot of what caused the Housing Bubble Bust.

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