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Northern Nevada housing data
Washoe County Housing Market in 2007
By Brian Kaiser, Center for Regional Studies, UNR
The numbers are in, and here's a look at how the housing market in and around the Reno area fared in 2007. Not surprisingly, it wasn't pretty, but the year-end numbers actually showed less of a drop in median sales prices than I'd feared, and most people who have owned a home for more than the last couple of years are still coming out ahead in terms of value, thanks to the unprecedented run up in values from 2002-2005.
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Real estate report from Inman News
Summer home's sale triggers family feud
Offspring claim transaction is illegal based upon parents' earlier promise
 
By Ilyce R. Glink, Inman News
Q: Forty years ago, my parents were given land from my mother's cousin on which to build a summer home for their children, including my sister, brother and me.
My parents told everyone for 30-plus years that this property was to be left to all of us. My brother moved to Florida 20 years ago and does not visit often. Actually, he has been in Connecticut only six times since his move to Florida.
I have been staying at or visiting the summer home continually since 1968. My sister and her husband and two daughters visit as frequently. Although I was not able to perform any of the regular maintenance on the exterior of the house, my sister and I took care of the interior as necessary. My parents paid for, and were responsible for, the house and never asked any of us for money.
Here's my problem: Without my brother's or my knowledge, two years ago my parents surreptitiously sold the house to my sister for approximately $19,000. The house is appraised at approximately $485,000. It is a year-round residence with five bedrooms and two full baths.
I do not believe that this is a legal transfer and would like to know what my legal rights are.
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From the Realtor's desk
Beating those relocation blues
By Janet Pahl, Incline Village Realty, special to tahoe.com and reno.com
Moves are right at the top of the list of stress-producing situations, and it is not uncommon to feel al ittle overwhelmed by the process. You must sell your old home, pack up, leaving behind many friends and memories, then get settled in the new area.
Professional realtors understand the difficulties -- and rewards -- of making a major move. By listening carefully to what you want and need, your agent will get a feel for the style of home, neighborhood location and amenities you are seeking.
Click here to read the full story...
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