Reno Real Estate Market * News - Real Estate - Business _ Reno Nv Nevada

Reno Real Estate Prices Pop* Land and Home Prices Coming Down!

For five years the Reno Nevada real estate market has been a home builder and seller’s bonanza. Home builders bought up $2000 dollar an acre land and turned it into areas like Montreaux . Pearce builders of Reno doesn’t build anything under a million or so, and Tanamera has sold its high prices apartments to a San Diego developer and they are going to sell for more than $200, 000. It has been a nightmare for new home buyers. Without any new home starts in Reno with a value under $300,000 – it’s hard for a new couple to own anything. One Reno resident said she could never come up with a down payment to buy a house. “If you want one of those new homes by Brown Elementary you need at least 80,000 down and $3000 or more a month.” There seems to be a massive shortage of affordable homes now in Reno, personally I don’t know what to do” said long-time Nevada resident Joe DeMonte.

Home prices are finally dropping. Checking October 05 MLS Listing, prices for 78 homes in the Reno area dropped their over inflated prices after sitting on the market for many months. "There are plenty of shoppers" said D. Marshall of the Reno Real Estate Market www.RenoRealEstateMarket.com "Shoppers are everywhere but the prices have been so high lately than actual buyers are few and far between. There are of course a few people out there who can afford to pay cash for a million dollar home." The real story however may be that there isn’t a realtor or newspaper in town who will admit the market has turned. “All you have to do is look at the MLS and see all the homes dropping their prices… it means the market is changing – finally.”

Maggie K. Curtis
Reno Nevada News>
October 5, 2005


October 06, 2005: Reno Nevada News

Sierra Pacific Files General Rate Cases
Finanzen.net - Germany
... Headquartered in Reno, Nevada, Sierra Pacific Power Company is the principal utility for most of northern Nevada and the Lake Tahoe area of California. ...

Bonaventure Enterprises Inc.: Early Drilling Results New Pass ...
CCNMatthews (Communiqués de presse) - Canada
RENO, NEVADA--(CCNMatthews - Oct. ... These results were obtained from ALS Chemex Laboratory located in Reno, Nevada and Vancouver, BC. ...
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Reno Casino Rolls Out New Dice Game
Casino City Times - Newton Center,MA,USA
RENO, Nevada -- As reported by the Reno Gazette-Journal: "A new casino dice game invented by a Reno dealer is getting its come out roll at the Eldorado Hotel ...

Bullion River Gold Corp.'s Latest Drill Results Features a 6.008 ...
CCNMatthews (Communiqués de presse) - Canada
RENO, NEVADA--(CCNMatthews - Oct. 4, 2005) - Bullion River Gold Corp. (OTCBB:BLRV) announces the assay results of the final drill ...
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Reno Real Estate Market News Feature: Real Estate

Asian real estate trusts surging
Australian Financial Review - Australia
... Li Ka-shing is making 2005 a record for new stock offerings and a bonanza for investment bankers in Asia's $US3trillion ($3.9 trillion) real estate market. ...
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US real estate market is losing its steam
International Herald Tribune - France
NEW YORK A real estate slowdown that began in a handful of US cities this summer has spread to almost every hot housing market in the United States. ...
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NuCent Finance to diversify into real estate
Hindu Business Line - India
KOLKATA: NuCent Finance Limited, a Pressman group company, on Tuesday said that it would enter the real estate business by setting up a residential-cum ...
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SoCal real estate company wants both sides of the transaction
Inman.com (subscription) - Emeryville,CA,USA
A Southern California real estate company aims to represent buyers and sellers in the same real estate transaction when it makes sense for the parties ...
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City's real estate fever cools
Newsday - Long Island,NY,USA
In a possible sign that Manhattan's feverish real estate market is cooling off, brokerage firms yesterday reported a dip in median home sales prices. ...
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Investcorp Reports Record Real Estate Activity in Fiscal 2005
PR Newswire (press release) - New York,NY,USA
4 /PRNewswire/ -- Investcorp, a global investment group, today announced that its New York-based real estate team achieved record productivity in the fiscal ...
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Perot Sells EDS Real Estate for $217M; Parcels Out Part of ...
GlobeSt. com - New York,NY,USA
DALLAS-In back-to-back transactions, EDS owner Ross Perot Jr. has sold 2.75 million sf of real estate assets to Koll Development Co. ... and Invesco Real Estate. ...
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European Real Estate: Set to Tumble?
BusinessWeek - USA
Demographic, financial, and structural factors are powering the current boom in the majority of Europe's real estate markets. Nevertheless ...

Westfield Real Estate Investment Trust announces the completion of ...
Canada NewsWire (press release) - Canada
4 /CNW/ - Westfield Real Estate Investment Trust (TSXV: WRT.UN) ("Westfield REIT") announced today that it has closed on six properties for an aggregate price ...
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Carlyle raises 760 mln euros for real estate fund
Reuters - USA
The Carlyle Europe Real Estate Partners II fund is to invest in office, logistics and retail properties and also in the hotel and residential sectors across ...
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Reno Business World: Investments

Public pension fund beat investment target last fiscal year
Newsday - Long Island,NY,USA
... The $128 billion state and local employees retirement fund reaped an 8.5 percent return for the fiscal year ending March 31, beating its investment target for ...

Doubt over India's largest foreign investment project
Newindpress - Chennai,India
BHUBANESWAR: Uncertainty looms large over a proposed mega steel plant in Orissa - the largest foreign investment plan in India by South Korea's Posco - due to ...
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Lloyd welcomes Windies investment
BBC Bengali - United Kingdom
Former West Indies captain Clive Lloyd has described a businessman's plan to invest £16m in Caribbean cricket as "wonderful news" for the region. ...
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New BA boss promises investment in Club World
Times Online - UK
The new chief executive of British Airways, former Aer Lingus boss Willie Walsh, has vowed to make "significant investments" in the Club World cabin, in ...
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Plea over collaboration on €100bn infrastructure investment
Ireland Online - Dublin,Ireland
Policy-makers across the entire island must work together to reap the benefits of a €100bn investment in infrastructure over the next 10 years, it was warned ...

Saudi Arabia tops region in creating positive investment climate
International Herald Tribune - France
... "This elevation in rank is a remarkable achievement for the Kingdom of Saudi Arabia and an encouraging factor for all investment-related governmental agencies. ...
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UPDATE 1-Hana Bank shares hit record on Goldman investment
Reuters - USA
The US investment bank said on Monday it would buy 9.4 percent of the holding company to be set up in December, making it the single largest shareholder. ...
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Growth rate of fixed Assets investment slows down in Guangdong
Xinhua - China
GUANGZHOU, Oct. 4 (Xinhuanet) -- The investments in fixed assets in south China's Guangdong Province totaled 373.82 billion yuan ...
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(PRN) - Goodrich Petroleum to Present at Oil & Gas Investment ...
Bolsamania.com - Madrid,Madrid,Spain
... West Coast ... [+. PRN) - Whiting Petroleum Corporation to Present at IPAA Oil and Gas Investment Symposium West ... [+. PRN) - Lifecycle ...
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Goodrich Petroleum to Present at Oil & Gas Investment Symposium ...
PR Newswire (press release) - New York,NY,USA
... Chief Executive Officer, Walter G. Goodrich, and its President, Robert C. Turnham, Jr., will present at the 3rd Annual Oil & Gas Investment Symposium West ...
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Reno Nevada News * Reno Real Estate Market * Zane Durant, Editor