Monthly Archives: February 2008

Washoe County Notices of Default Set Another Record High

Posted on February 13, 2008 by Guy Johnson

Below are the latest stats provided by our friends at Ticor Title.  January has set another all-time record high for number of NODs in a single month, with 381.  This represents an18% increase over December’s record high of 324 NODs. Meanwhile, January’s home … Continue reading →

Posted in Market Trends | Tagged , , | 1 Comment

Going Once, Going Twice…

Posted on February 12, 2008 by Guy Johnson

Yesterday, Inman News posted an article about live auctions of residential real estate (see Real Estate: An Auction Block Party) The gist of the article was the growth of live auctions as a means of selling one’s home in a … Continue reading →

Posted in Market Trends | Tagged | 19 Comments

Zillow’s Take on Reno-Sparks

Posted on February 12, 2008 by Diane Cohn

Zillow reports that home values across the U.S. continue to decline, with condo values down 7.4% year-over-year and single family home values down 5.5% year-over-year. Additionally, one in three new homeowners are now underwater on their mortgages. Here is the … Continue reading →

Posted in General, Market Trends, Market Trends, Neighborhoods | 2 Comments

Zillow Conference Call Today

Posted on February 12, 2008 by Guy Johnson

If you have some spare time today at lunch, you may want to call in to Zillow.com’s first-ever conference call regarding recent housing price trends and projections.  The conference call is scheduled for today, Tuesday, February 12, at 11PM PST / … Continue reading →

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Reno Sparks Real Estate Market Update

Posted on February 11, 2008 by Diane Cohn

Sales in January were off 44% from the year prior as inventory increased after the holidays. Meanwhile, the median sales price increased slightly to $269,000. Months supply of inventory increased in every price category except in the over $2 million … Continue reading →

Posted in General, Market Trends, Market Trends | Tagged | 16 Comments

Rookie of the Year

Posted on February 8, 2008 by Diane Cohn

Guy would never post this about himself, so I’m taking the liberty. At the broker’s quarterly meeting last week, our very own Guy Johnson was honored with not one, but two awards. In addition to taking home “most units sold … Continue reading →

Posted in General | 13 Comments

Web Sites That Track Foreclosures

Posted on February 8, 2008 by Guy Johnson

I’m often asked where to find info on foreclosures, pre-foreclosures, REOs, etc.  Unfortunately our MLS does not track many of these kinds of properties/sales.  I know that many of our readers track foreclosures.  I was wondering if you wouldn’t mind sharing … Continue reading →

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Vacancy Rates by MLS Area

Posted on February 5, 2008 by Guy Johnson

Just as we saw with last quarter’s numbers vacancy rates again increased across the board.  However, a reshuffling of the ranking has occurred.  Somersett has once again regained the top spot as having the highest proportion of vacant listings.  And … Continue reading →

Posted in General, Market Trends | Tagged , , | 36 Comments