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Reno Sparks Association of Realtors reports that Median Sales Price is up 16%, March 2013 to March 2014. Median value is now $227,000.
As a follow up to Why Fertiize Your Lawn a few days ago. Below is an excerpt from the same Lowes article about fertilizer package labels and how to read them: " How to Read a Fertilizer Package Label The three numbers (often called NPK) on a fertilizer package tell you the percentage of the base elements and nutrient makeup by weight. These percentages in fertilizer compounds are formulated for everything from asparagus to zinnias. The three main components are: Nitrogen (symbol N) for leaf development and vivid green color. Phosphorous (symbol P) for root growth. Potassium (symbol K) for root development and disease resistance. For example, a bag marked "16-4-8" contains 16 percent nitrogen, 4 percent phosphorous and 8 percent potassium. In this case, the other 72 percent is usually inert filler material added to aid distribution by your spreader. There may also be secondary elements added such as calcium, magnesium, iron or others." Source Lowes.com
Of 11 large metro areas in California, eight are overvalued when historical prices, incomes, and rents are considered, according to Trulia’s quarterly “Bubble Watch.” Of the top 10 overvalued metros nationwide, six are in California with Orange County and Los Angeles heading the list at 16 percent and 13 percent, respectively, above their fundamental value. But there’s no national bubble in the offing, according to Trulia’s Jed Kolko: home prices nationally are estimated to be 5 percent undervalued this quarter. By contrast, at the height of the most recent housing bubble, all of the nation’s 100 largest metros were overvalued, 91 of them by more than 10 percent. Source: Trulia