Monthly Archives: May 2008

Creep

Posted on May 31, 2008 by Mike McGonagle

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 … Continue reading →

Posted in Foreclosures, General | 12 Comments

MLS Lite

Posted on May 29, 2008 by Mike McGonagle

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 … Continue reading →

Posted in General, Strategy | 8 Comments

Off Topic: Riding the Flume

Posted on May 28, 2008 by Diane Cohn

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 … Continue reading →

Posted in General | 5 Comments

Pendings Schmendings – 30 Days Later

Posted on May 27, 2008 by Guy Johnson

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 … Continue reading →

Posted in Market Trends | Tagged , , , | 15 Comments

The Rental Chain

Posted on May 24, 2008 by Diane Cohn

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 … Continue reading →

Posted in Agent Insights, Market Trends | Tagged | 52 Comments

Rats

Posted on May 19, 2008 by Mike McGonagle

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 … Continue reading →

Posted in General | 40 Comments

Price Per Square Foot – the New Metric?

Posted on May 15, 2008 by Guy Johnson

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 … Continue reading →

Posted in Market Trends | Tagged , , , , , , | 34 Comments

Another Block

Posted on May 13, 2008 by Mike McGonagle

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 … Continue reading →

Posted in Developments, General, Market Trends | 14 Comments