Down payment and closing cost assistance

A lot of people don’t realize that Sparks and many other surrounding areas are considered rural when it comes to housing assistance.   If your annual income is less than 95,500$ and you are looking to buy a home for less than 400,000$ you are in a position to take advantage of some great programs.   The Nevada Rural Housing Authority has been helping get residents of Nevada into affordable housing since 2006.  Check out the link below if you meet the above requirements.

Park Lane Mall Redevelopement

For those of us who have lived in Reno for decades it is exciting to see so many classic properties turned into more than a vacant lot.  I must admit when they first tore down the old mall I was a bit sad.  I, like many of you, had many memories there.  I bet most of the newer generation has never heard of  Woolworths, let alone actually been in one.   But things change and change is good.  Most of the time.

Although Casinos are a part of Reno that I enjoy; I wasn’t really looking forward to the possibility of the Jed Klampit(Beverley Hillbillies) casino that was supposed to be built there.  Fortunately it looks like they are going to extend the great part of town we have come to know as midtown.  Instead of me telling you all about it, I have included a link so you can check it out yourself.  This article is one of the best I have found.  This area is going to be pretty cool if they are able to do everything they are talking about.

Southeast Connector/Veterans Blvd.

There is a lot going on in the Truckee Meadows.  One of the major projects that is currently happening is the Southeast connector.  This is the road being built that runs from the corner of Sparks blvd. and Greg st.  all the way to Veterans Blvd in south Reno.  This road runs through Hidden Valley and Rosewood golf course.  Just another sign of how much our beautiful city is growing, and the improvements that are being done to accommodate that growth.  Check out the link I have included to see the latest on this project.

More evidence of Reno Sparks area growing

Apple Announces New Data Center in Reno, NV

by Erick Wingfield    |    Jan 10, 2016

Reno, Nevada is rapidly becoming a hot bed for data center innovation. While many around the world may not realize it, Reno is attracting some of the latest and greatest in data center technology.

Apple has already established a data center presence in Reno. Apple’s original data center project in Reno was dubbed Project Mills. The data center has been such a success that Apple has decided to build additional facilities in Reno, using the code-name: Project Huckleberry.

Apple already had plans to extend construction on Project Mills. The Project Huckleberry endeavor will give Apple several additional data center clusters, including a support building. Apple’s cloud services are expected to be sold out of these data centers.

“It’s a whole different set of buildings but it looks like it is going to be essentially the same design as Project Mills, only turned perpendicularly to the east,” mentions Trevor Lloyd, a senior planner who works with Washoe County Planning and Development’s Community Services.

The news of Apple adding more buildings onto its campus was first realized when the company began applying for additional building permits. Rumor has it that Apple has been bursting at the seams at their current Reno facility, thus justifying the need for additional data center clusters within the region.

The news of Apple constructing a new a data center in Reno may not come as a surprise to those within the region.

Reno has quietly become one of the biggest hubs for data center innovation in the world. This is evidenced by the fact that other high profile technology organizations have setup shop in the region.

For example, the RGJ reports that Switch’s SuperNAP colocation data center is currently being built just outside of Reno.

When this data center is complete, it will become the biggest colocation data center in the world.

Rackspace is also building a new data center near the new Apple data center cluster in Reno, while organizations like Tesla have invested over $5 billion dollars to construct their internationally notorious Gigafactory which will produce next generation automobiles.

This article was written by Erick Wingfield on the site Cloud (1/10/2016)and retrieved from

Fed chief is in no hurry to raise rates, so mortgages fall

Great news for home buyers.  If you have been thinking of buying a new home; rates continue to be at record lows.  Now may be the time to start considering getting your ducks in a row and getting into this hot market.  Here is an article from Crissinda Ponder at that I found interesting.


Mortgage rates fell this week as the Federal Reserve revealed more hints about its monetary policy plans. Meanwhile, markets were anticipating Friday’s jobs report.

The U.S. Bureau of Labor Statistics said that 215,000 were added in March. Health care, retail, and food and drinking establishments were among the sectors showing growth. The ADP Research Institute says 200,000 jobs were added in March.

RATE SEARCH: Ready to shop for a mortgage? Find the best deal today.

The movement of mortgage rates over the next week likely won’t be determined by the BLS jobs numbers, says Brett Sinnott, vice president of capital markets at CMG Financial in San Ramon, California.

What the Fed said

Federal Reserve Chair Janet Yellen made headlines recently after suggesting that the central bank may increase the federal funds rate more slowly than previously expected.

“Reflecting global economic and financial developments since December … the pace of rate increases is now expected to be somewhat slower,” Yellen said on March 29 in remarks to the Economic Club of New York.

The news prompted investors to purchase government bonds, which sent prices higher and yields lower. Mortgage rates are closely tied to the yields on long-term government bonds.

A look at this week’s rates

  • The benchmark 30-year fixed-rate mortgage fell to 3.83% from 3.9%, according to Bankrate’s March 30 survey of large lenders. A year ago, the rate was 3.82%. 4 weeks ago, it was also 3.82%. The mortgages in this week’s survey had an average total of 0.17 discount and origination points. Over the past 52 weeks, the 30-year fixed has averaged 4%. This week’s rate is 0.17 percentage points lower than the 52-week average.
  • The benchmark 15-year fixed-rate mortgage fell to 3.09% from 3.13%.
  • The benchmark 30-year fixed-rate jumbo mortgage fell to 3.76% from 3.81%.
  • The benchmark 5/1 adjustable-rate mortgage fell to 3.28% from 3.36%.

Weekly national mortgage survey

Results of’s March 30, 2016, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:

30-year fixed 15-year fixed 5-year ARM
This week’s rate: 3.83% 3.09% 3.28%
Change from last week: -0.07 -0.04 -0.08
Monthly payment: $771.65 $1,146.62 $720.81
Change from last week: -$6.60 -$3.18 -$7.28


Mortgage scams

This is for all my friends and family who are currently buying a house, or will be in the future.  It is important that we are aware of what is happening to ensure we are not among the next to be scammed. Below is an article I found on our local MLS.  Feel free to pass this on to anyone you may know who may be currently in a real estate deal. Or to anyone you know that will be in the future. I am available to answer any questions.

Scammers phish for mortgage closing costs


Buying a home is exciting. You saved for the down payment, scheduled the move, and are dreaming of planting new roots. Closing is right around the corner… unless a scammer gets your settlement fees first.

The Federal Trade Commission and the National Association of Realtors® are warning home buyers about an email and money wiring scam. Hackers have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. After figuring out the closing dates, the hacker sends an email to the buyer, posing as the real estate professional or title company. The bogus email says there has been a last minute change to the wiring instructions, and tells the buyer to wire closing costs to a different account. But it’s the scammer’s account. If the buyer takes the bait, their bank account could be cleared out in a matter of minutes. Often, that’s money the buyer will never see again.

If you’re buying a home and get an email with money-wiring instructions, STOP. Email is not a secure way to send financial information, and your real estate professional or title company should know that. If it’s a phishing email, report it to the FTC.

Here are some ideas to help you avoid phishing scams:

  • Don’t email financial information. It’s not secure.
  • If you’re giving your financial information on the web, make sure the site is secure. Look for a URL that begins with https (the “s” stands for secure). And, instead of clicking a link in an email to go to an organization’s site, look up the real URL and type in the web address yourself.
  • Be cautious about opening attachments and downloading files from emails, regardless of who sent them. These files can contain malware that can weaken your computer’s security.
  • Keep your operating system, browser, and security software up to date.

Learn more about protecting yourself from phishing and what to do if your email is hacked. If you gave your information to a scammer, visit