The May foreclosure numbers for Washoe County are in, and we continue to set records in all categories.  Notices of Default totaled 554, up from 513 in April and 179 in May 2007.  Notices of Sale totaled 374, up from 313 in April and 116 in May 2007.  Trustee’s Deeds totaled 233, up from 187 in April […]

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From time to time, Diane has asked what other real estate sites we lay folks use for research, and has asked for comments on her MLS site (many of which have been implemented).  And many of us have voiced disappointment (outrage?) at the level of MLS access we mere mortals have.
Well, I ran into an agent whose […]

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Here’s something different from a random reader who stumbled across our little world on the internet, reprinted with permission… The strange result of a cheesy amateur video I once posted on YouTube. Enjoy!

Hello Diane — This is probably an unusual email. I just Googled South Verdi Road, Reno Nevada, and came across your video about […]

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Thirty days have passed since I took a snapshot of the pendings.  The one-month-later status of those pendings is shown below.   It comes as no surprise that short sales have the lowest percentage of closings (13%).  This is due to the unusually long time required for the lenders to make a decision whether to accept or reject a pending […]

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I have a client who bought a brand new home in South Reno in 2005. At the time we thought she was getting a great deal in a great location at a 2004 price, thanks to some flipper that fell out of contract with the builder because he couldn’t secure another buyer fast enough. So […]

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Are they starting to jump off the sinking ship?  A quick review of todays new listings showed a lot of "second" homes hitting the market, tons of old time (10 year or more) owners listing, 8265 Trail Hollow hitting the market as an REO 1 day after the TD of $598,000 at $557,750 (2/04 $634,000).  […]

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Many recent comments on this blog have been made regarding how the reported median home prices don’t tell the whole story when it comes to home values in Reno.  For this reason many of our readers have expressed a desire to see $/sq.ft. sold price data – the idea being that the $/sq.ft. data might be […]

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One Block looked at the financial health of a group of fairly upscale houses on Dancing Aspen in Damonte Ranch.  Average purchase price was about $420,000 at the peak.  I was pleasantly surprised that most of the loans were pretty good (5/25 or better),  and at least 70% brought 10% or better to the closing table.
I just […]

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According to Zillow’s latest Home Value Report, home values in Reno decreased 16.5% in the first quarter of 2008, compared to the first quarter of 2007. Nationally, single-family home values decreased 7.5% while condo values declined 9.0% during this same period. See map and download report. 

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Washoe County re-sales increased for the third consecutive month (up 20% over March); however April new homes sales decreased in April over March (down 11%).  Summing re-sales and new home sales results in a nearly 9% increase in Washoe County recorded home sale recordings for April over March.  605 recordings vs. 556 recordings.
Unfortunately this sales […]

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