Posts Tagged ‘Reno/Sparks Nevada Real Estate’

Guaranty Fee Increase

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The U.S. Congress recently passed a two-month payroll tax cut extension. The $33 billion package is funded by a 10-year increase in the Guaranty Fees that Fannie Mae (Fannie) and Freddie Mac (Freddie) charge lenders to guarantee home loans.

This change is effective for all loans delivered to Fannie and Freddie at the beginning of the second quarter of 2012. For example, the cost of a $200,000 mortgage will go up about $11 per month. Over the life of the loan, these costs are anticipated to be about $4,000.

These changes will also increase the cost of FHA and VA loans. However, the government has not released information as to the timing of these changes.

All lenders — by law — will be adding this increase to their pricing. Some lenders are adjusting their rates with a one-time increase.

Thanks to my friends at Prospect Mtg

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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Wednesday Quotes: Margaret Thatcher

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A world without nuclear weapons would be less stable and more dangerous for all of us.
Margaret Thatcher

Being powerful is like being a lady. If you have to tell people you are, you aren’t.
Margaret Thatcher

Democratic nations must try to find ways to starve the terrorist and the hijacker of the oxygen of publicity on which they depend.
Margaret Thatcher

Disciplining yourself to do what you know is right and important, although difficult, is the highroad to pride, self-esteem, and personal satisfaction.
Margaret Thatcher

Europe was created by history. America was created by philosophy.
Margaret Thatcher

I always cheer up immensely if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single political argument left.
Margaret Thatcher

I do not know anyone who has got to the top without hard work. That is the recipe. It will not always get you to the top, but should get you pretty near.
Margaret Thatcher

I don’t mind how much my Ministers talk, so long as they do what I say.
Margaret Thatcher

I love argument, I love debate. I don’t expect anyone just to sit there and agree with me, that’s not their job.
Margaret Thatcher

I owe nothing to Women’s Lib.
Margaret Thatcher

I seem to smell the stench of appeasement in the air.
Margaret Thatcher

I usually make up my mind about a man in ten seconds, and I very rarely change it.
Margaret Thatcher

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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In the News

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Retail sales rose 0.1% to $400.6 billion in December after an upwardly revised 0.4% increase in November. It was the seventh straight monthly gain and the first $400 billion month for retail sales. Total retail sales for 2011 had the largest percentage increase since 1999, up 7.7% to a record $4.691 trillion.

Wholesalers increased their inventories 0.1% to $468.9 billion in November. This followed a revised 1.2% rise in October. Sales at the wholesale level rose 0.6% to $407.9 billion in November. On a year-over-year basis, sales were 11.3% higher since November 2010.

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 6 rose 4.5%. Refinancing applications increased 3.3%. Purchase volume rose 8.1%.

Total business inventories rose 0.3% in November to $1.55 trillion, up 8.5% from a year ago. Total business sales also increased 0.3% to $1.22 trillion in November, up 9.6% from a year ago. The total business inventories/sales ratio in November was 1.27.

The trade deficit increased to $47.8 billion in November from a downwardly revised $43.3 billion in October. Exports fell 0.9% to $177.8 billion. Imports increased 1.3% to $225.6 billion.

The Reuters/University of Michigan consumer sentiment index for January’s preliminary reading rose to 74 from 69.9 in December. It was the fifth monthly gain in a row for the index and the highest reading since May.

Initial claims for unemployment benefits rose by 24,000 to 399,000 for the week ending January 7. Continuing claims for the week ending December 31 rose by 19,000 to 3.629 million.

Thanks to my friends at Prospect Mtg

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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Wednesday Quotes: Bear Bryant 1913-1983

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I’ll put you through hell, but at the end of it all we’ll be champions.
Bear Bryant

I’m happy with the coach we have. I think any one of the ones I asked them to consider would’ve been good.
Bear Bryant

I’ve had many a player tell me all through high school and right up until signing day that they were coming to Alabama, then they signed with somebody else.
Bear Bryant

If I miss coaching that much, I could go to some little school where they didn’t recruit, where all the kids wanted to go. I believe I could find somewhere to coach.
Bear Bryant

It’s been years since I’ve had a real input in the game anyway. For this game, I’ve just tried to keep all the other stuff away from the players and coaches.
Bear Bryant

Nearly every coach I’ve talked with tells me that the attention you get from media and other people is the thing you miss most. I don’t know if that’s right.
Bear Bryant

Never quit. It is the easiest cop-out in the world. Set a goal and don’t quit until you attain it. When you do attain it, set another goal, and don’t quit until you reach it. Never quit.
Bear Bryant

The fun never goes out, but it changes with the years, with winning and losing.
Bear Bryant

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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From the Old Farmers Almamac: Gardening Jobs for January

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www.almanac.com

Use this month to check your houseplants: divide and re-pot any pot-bound plants. Prune judiciously to create a compact, attractive specimen.

Keep holiday poinsettias in a sunny, cool location with high humidity.

If you have succulents such as jade, hoya, and sansevieria, they may be reluctant to bloom in the house. Grow them in a small pot and hold back the water. This may persuade them to flower.

Remove aphids from houseplants with a mixture of equal parts rubbing alcohol and water and add a drop of dishwashing detergent. Apply this to troubled plants with a soft brush.

Open the doors and windows when temperatures permit to give your house a change of air. This will benefit you and your houseplants.

Provide extra protection to houseplants on window sills if it is very cold. Place cardboard between the plants and the glass. Be sure the plants don’t touch the windowpanes.

Sponge off your plants or give them a good shower to remove the dust.

Force a winter bouquet from cut branches of forsythia, pussy willow, deutzia, wisteria, lilac, apple, peach, or pear. Bruise the cut ends and set them in water. Spray the branches frequently. Keep them in a cool place until they bloom, then move to a warmer area for display.

Check any bulbs and tubers you may have stored to determine if moisture is okay. Repack bulbs that seem too damp, discarding any moldy ones. If bulbs seem too dry, try moving them to another location.

Start a garden record book now, allowing space to record the dates of first and last frosts, sowing seeds, planting, transplanting, time of bloom, first fruits, fertilizing, problems with pests, and other information. Over a period of years, this will be an invaluable record.

Make a careful study this month of three important garden subjects: fertilizers, spraying, and best seed varieties.

Check with your county extension agent to find out whether your particular area really fits into the temperature range suggested by its garden zone. Though seed companies provide information about which zones are best for growing different varieties of plants, keep in mind that considerable variation may take place within each zone.

Plan your garden and make a diagram drawn to scale before placing your spring order.

Remember this rule of thumb for planning perennial gardens: The width of the garden should be about twice the height of the tallest plant growing in it.

Review your gardening chemicals and check for deteriorating containers. Consult local authorities for acceptable ways of disposing of chemicals you no longer use.

Organize, clean, oil, and sharpen garden tools. A splash of bright paint on tool handles will make them easier to spot out in the yard.

Examine your land in the stark winter days, looking for places where an evergreen might go nicely.

Visit a greenhouse or nursery near you and talk with the experts about your growing problems. Ask them about shrub varieties best for your conditions.

Remember to supply fresh water for the birds. Nuthatches, chickadees, cardinals, and juncos will enjoy any bread scraps you may have.

Gently shake or brush off snow-weighted branches that have no support. Heavy snow cover protects evergreen foliage from windburn, but too much weight will break branches.

Prune fruit trees now. The prunes can be gathered up into bundles to be used for kindling after they’ve dried.

Neatly trim any shrubs and hedges broken by snow. Finish all pruning of trees before the sap starts.

Examine willow and poplar trees for borers. Prune out any infested branches.

Repair all fences, arbors, and garden furniture before the real work of spring begins. In the south, prune early-flowering shrubs when they finish blooming.

Check roof edges for ice buildup, especially those areas you don’t see on a daily basis. Remember that shingles will be brittle now, so be careful if chipping is necessary.

Avoid walking over the same areas of your frozen lawn or you may find bald spots in the spring.

Plant lettuce in flats this month and harvest before it’s time to start some of the later seedlings. Artificial light may be required, but the air should not be too hot.

Start some annual flowers this month. Good picks include marigolds, sweet peas, stattice, impatiens, petunias, and snapdragons.

Choose some perennials to start now from seed. Delphinium, Shasta daisy, carnation, digitalis, and armeria are good choices.

Start geranium, begonia, vinca, and viola seeds now for spring and summer bloom. Begonia and vinca seeds are among the hardest to germinate, so don’t be discouraged if your success rate is low or irregular.

Avoid heavy traffic on your dormant lawn; dry grass is easily broken and damaged.

Remember to prune your houseplants regularly. Pinch back new growth to encourage bushier plants.

Group houseplants to increase humidity. Keep away from frosty windowsills.

Order seed catalogs early in the month. Research plants. Consider edible varieties that are drought-tolerant or disease-resistant.

Brush off heavy snow from your plants and trees.

Don’t forget winter birds! Put out water, seeds, and suet.

Remove any branches that have been damaged by ice or snow.

Check your fruit trees for any evidence of rodents; use traps where necessary.

If you use salt on your walkways or driveways, spread it carefully to avoid damaging any of your plants. Sand or sawdust is also a good alternative to salt.

Check your garden equipment. Repair and sharpen tools. Service equipment.

Start ordering seeds. Do not wait until late in the winter, as varieties may sell out early.

Start preparing your garden soil for spring planting. You can also prepare new soil for flower, rose, or shrub beds. Mix in organic material to give plants a healthy start.

Plant cool-weather vegetable seeds such as beets, carrots, chard, lettuce, leeks, peas, potatoes, radishes, spinach, and turnips.

Plant transplants such as artichokes, asparagus, broccoli, cabbage, cauliflower, chard, and lettuce.

Water lawns and gardens deeply once to twice a week, depending on the amount of rain. Don’t overwater!

Prune roses and fruit trees to allow more room for healthier growth.

Transplant bare root roses.

Fertilize winter lawns and your plants. Be sure not to over-fertilize as this could lead to rapid plant growth, which makes plants vulnerable to fungal diseases.

Fertilize your houseplants with a water-soluble fertilizer, and remember to water them. Be sure not to over-water as that can lead to plant diseases.

Control the weeds in your garden while they are young and tender, or before they sprout. Remove weeds before they seed, so you can avoid them in your garden.

If there is a possibility that the temperature will drop to the 20s, you should protect your plants from frost damage.

Test your lawn and garden soil for its pH levels. If your soil is too acidic, you have time to fix it before the growing season arrives.

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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In the News

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Factory orders rose 1.8% in November to a seasonally adjusted $459.2 billion, following a revised 0.2% decrease in October. Excluding the volatile transportation sector, orders rose 0.3% in November.

Retail sales rose 1.2% for the week ending December 31, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 5.3%.

The Institute for Supply Management reported that the monthly composite index of manufacturing activity rose to 53.9 in December after a reading of 52.7 in November. A reading above 50 signals expansion. It was the 29th straight month of expansion.

Total construction spending rose 1.2% to $807.1 billion in November, following a 0.2% decrease in October. Economists had anticipated an increase of 0.5% in November. Compared to a year ago, construction spending rose 0.5%.

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending December 30 fell 3.7%. Refinancing applications decreased 1.9%. Purchase volume fell 9.7%.

The Institute for Supply Management reported that the monthly composite index of non-manufacturing activity rose to 52.6 in December from 52 in November. A reading above 50 signals expansion. It was the 25th straight month of expansion in the services sector.

Initial claims for unemployment benefits fell by 15,000 to 372,000 for the week ending December 31. Continuing claims for the week ending December 24 fell by 22,000 to 3.595 million. The monthly unemployment rate fell to 8.5% in December from a revised 8.7% in November and 9% in October.

Thanks to my friends at Prospect Mtg

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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Friday’s Pack Report: Wolfie JR Wins

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It turns out the bite of a wolf is mightier than the sting of a yellow jacket. University of Nevada mascot “Wolfie Jr.” is howling in celebration after capping off an undefeated season by knocking off Georgia Tech’s “Buzz” in the championship of the 10th annual Capital One Mascot Challenge. With the win he gets his claws on the $20,000 prize for his school’s mascot program.

A first-time participant, “Wolfie Jr.” had an undefeated regular season, scrapping past other irritable beasts including ferocious tigers, terrifying beavers and freaky-looking frogs. After advancing to the playoffs and making it through two rounds of single-elimination he entered the championship match against “Buzz” of Georgia Tech. Fans cast votes at www.CapitalOneBowl.com, on Facebook at www.Facebook.com/MascotChallenge and via text voting throughout the 16-week program. Both mascots making the finals had an undefeated record and boasted some of the highest vote totals to date, making it one of the most anticipated match-ups ever in the animal kingdom.

“We are proud of what our students and community accomplished for `Wolfie Jr.’ and the University of Nevada,” said Dr. Marc Johnson, president of the University of Nevada. “Our campus has an extraordinary amount of spirit and pride and we’re pleased to showcase it on a national level.”

A record 45 million votes were cast during the season-long competition.

“This year’s competition was intense and each Mascot and school put up a ferocious fight,” said Marc Mentry, Senior Vice President of Advertising and Sponsorships at Capital One. “In the end, `Wolfie Jr.’ proved to be too tough.”

The entire 2011 Capital One All-America Mascot Team included:

Wilbur T. Wildcat of University of Arizona
Sparty of Michigan State University
Aubie of Auburn University
Mike the Tiger of Louisiana State University
Testudo of the University of Maryland
Wolfie Jr. of the University of Nevada
Hairy Dawg of the University of Georgia
Boomer of the University of Oklahoma
Brutus Buckeye of The Ohio State University
Big Blue of Old Dominion University
The Duck of the University of Oregon
Benny Beaver of Oregon State University
Buzz of Georgia Tech
SuperFrog of TCU
Cy of Iowa State
Big Red of Western Kentucky University

For school mascots who are not on the All-America team, the Capital One Mascot Challenge also includes an annual “write-in” campaign at the program web site, www.CapitalOneBowl.com. The write-in winner this year is “Herbie Husker” of the University of Nebraska, who formerly won the 2005 Capital One Mascot Challenge title. He earns $1,000 toward the University of Nebraska mascot program and a position on the 2012 Capital One All-America Mascot Team, pending an official nomination from his school. Nebraska earned an invitation to the Capital One Bowl game and “Herbie Husker” will be in attendance in Orlando to cheer on his team and meet national champion, “Wolfie Jr.”

“Wolfie Jr.” is joining an elite group of mascots that have held the Capital One National Mascot of the Year title over the past 10 years. Past winners include: “Monty” of University of Montana (2002, 2004), “Cocky” of University of South Carolina (2003), “Herbie Husker” of University of Nebraska (2005), “Butch T. Cougar” of Washington State University (2006), “Zippy” of University of Akron (2007), “Cy” of Iowa State University (2008), “Bearcat” of University of Cincinnati (2009) and defending champion “Big Blue” of Old Dominion University (2010). Throughout the college football season, fans have enjoyed viewing custom videos created for each mascot portraying their entertaining back stories. Fans can continue watching these videos at: www.CapitalOneBowl.com and www.Facebook.com/MascotChallenge.

Nevada Wolf Pack Athletics

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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Greater Reno Area Market Report Commentary For November Sales

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Market Report Commentary
 Summary
– “November sales are up 22% over last year and year-to-date unit sales have exceeded 2010 by 10%,” said Kevin Sigstad,
2011 president-elect of the Reno/Sparks Association of REALTORS and a REALTOR with Re/Max Premier Properties. “We have also seen relative stable prices for the past seven months. These are positive indicators for the residential housing market.”
 Median Sales Price
– November 2011 median price was up less than 1% to $149,506 compared to $149,000 in October 2011.
– Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and
one-half are lower.
 Price per Square Foot Solds
– Price per square foot is at $88.30.
– Price per square foot by area groups, as provided in the Detailed Report, is a good way to compare similar homes for current
value.
 Number of Units Sold
– November ended the month with 488 sold transactions, down 1% from the prior month.
– Sales are up 22.3% from the same period last year. November 2011 is the second month of comparing year-over-year figures
without the influence of tax incentives.
 Average Days on Market
– The average days on market are 146 days, slightly down from October 2011.
 Days on Market (DOM) by Special Conditions
– Short sales continue to influence the average days on market at 222 DOM.
– Properties with no special conditions, and Other are comparatively close at 117 and 113 DOM respectively.
– REO properties average days on market remain level at 96.
 New Listings
– 499 new listings were taken in November compared to 516 in October, a 3.3% decrease and an 8% decrease from November
2010.

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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From the Old Farmers Almanac: New Year Traditions From Around the World

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www.almanac.com

How to Have a Happy New Year

by Victoria Doudera

Many New Year customs that we take for granted actually date from ancient times. This year, ring out the old and ring in the new with a New Year tradition—or two!

Make Some Noise

  • In ancient Thailand, guns were fired to frighten off demons.
  • In China, firecrackers routed the forces of darkness.
  • In the early American colonies, the sounds of pistol shots rang through the air.
  • Today, Italians let their church bells peal, the Swiss beat drums, and the North Americans sound sirens and party horns to bid the old year farewell.

Eat Lucky Food

Many New Year’s traditions surround food. Here are a few:

  • In the southern US, black-eyed peas and pork foretell good fortune. See our recipe for Good Luck Hoppin’ John.
  • Eating any ring-shaped treat (such as a donut) symbolize “coming full circle” and leads to good fortune. In Dutch homes, fritters called olie bollen are served.
  • The Irish enjoy pastries called bannocks.
  • The tradition of eating 12 grapes at midnight comes from Spain.
  • In India and Pakistan, rice promises prosperity.
  • Apples dipped in honey are a Rosh Hashanah tradition.
  • In Swiss homes, dollops of whipped cream, symbolizing the richness of the year to come, are dropped on the floors (and allowed to remain there!)

Drink a Beverage

Although the pop of a champagne cork signals the arrival of the New Year around the world, some countries have their own traditions.

  • Wassail, the Gaelic term for “good health” is served in some parts of England.
  • Spiced “hot pot” is the Scottish version of Wassail. It’s customary to drink a glass or two at home before sharing with neighbors.
  • In Holland, toasts are made with hot, spiced wine.

See our Holiday Punch Hints and Recipes!

Give a Gift

New Year’s Day was once the time to swap presents.

  • Gifts of gilded nuts or coins marked the start of the new year in Rome.
  • Eggs, the symbol of fertility, were exchanged by the Persians.
  • Early Egyptians traded earthenware flasks.
  • In Scotland, coal, shortbread and silverware are exchanged for good luck.

Put Your Best Foot Forward

In Scotland, the custom of first-footing is an important part of the celebration of Hogmanay, or New Year’s Eve Day.

This practice holds that the first foot to cross a threshold after midnight will predict the next year’s fortune. Although the tradition varies, those deemed especially fortunate as “first footers” are new brides, new mothers, those who are tall and dark (and handsome?) or anyone born on January 1.

Turn Over a New Leaf

The dawn of a new year is an opportune time to take stock of your life.

  • Jews who observe Rosh Hashanah make time for personal introspection and prayer, as well as visiting graves.
  • Christian churches hold “watch-night” services, a custom that began in 1770 at Old St. Georges Methodist Church in Philadelphia.
  • The practice of making New Year’s resolutions, said to have begun with the Babylonians as early as 2600 B.C., is another way to reflect on the past and plan ahead.

New Year’s Folklore

Some customs and beliefs are simply passed down through the ages. Here are some of our favorite age-old sayings and proverbs.

On New Year’s Eve, kiss the person you hope to keep kissing.

If New Year’s Eve night wind blow south, It betokeneth warmth and growth.

For abundance in the new year, fill your pockets and cupboards today.

If the old year goes out like a lion, the new year will come in like a lamb.

Begin the new year square with every man. (i.e., pay your debts!) –Robert B. Thomas, founder of The Old Farmer’s Almanac

Mark your favorite properties and get instant updates price changes,  new pictures and status changes.

Search Real Estate

Search Real Estate

As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

Enhanced by Zemanta

In the News

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Pending home sales, a forward-looking indicator based on signed contracts, rose 7.3% in November after a 10.4% increase in October. On a year-over-year basis, pending home sales are up 5.9%. The number of pending home sales in November was the highest level in 19 months.

The Standard & Poor’s/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — fell 1.2% in October after a revised 0.7% decrease in September. On a year-over-year basis, prices fell 3.4% compared with October 2010.

Retail sales rose 0.9% for the week ending December 24, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 4.5%.

The consumer confidence index rose to 64.5 in December from a revised 55.2 in November. It was the highest level since April. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence. Economists consider a reading of 90 to be the threshold for a healthy economy.

Initial claims for unemployment benefits rose by 15,000 to 381,000 for the week ending December 24. However, the four-week moving average for initial claims — considered a less volatile measure — fell to 375,000, the lowest level since June 2008. Continuing claims for the week ending December 17 rose by 34,000 to 3.6 million.

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As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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