Reno Real Estate Roundup 9/21/2012

News for the Reno Real Estate community…

“Flip” sales rise in Reno/Sparks- RGJ.com

Flippers are loving the lack of inventory. 577 from January to June of 2012. The majority most likely from NRES-NV1 LLC.

August Home Sales at 27 Month High- DSnews.com

Reno/Sparks had 517 in August 2012.

Deadly HOA Meeting- WashingtonPost.com

Very sad that heated arguments over HOA rules can lead to murder (alleged).

Strategic Defaulters Need To Watch Out For the Mortgage Police- ChicagoTribune.com

Fannie Mae and Freddie Mac G-men are cracking down.

Attorney Generals Are Suing Over Dodd-Frank Bill- AmericanBanker.com

I commend their guts for going after the FDIC and Treasury.

Low Inventory Not Scaring Investors- DSnews.com

Low mortgage rates the top reason investors are buying right now.

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