Just another month of numbers that don’t make any sense. 
NODs rose over 50% from July’s 711  to 1068, shattering the record of 950 set in May and June.  July was unexpectedly low, so August may be just a case of averaging out.  The number of properties receiving a NOD that were at least 6 months behind […]

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Jason Hidalgo, of the Reno Gazette-Journal, wrote a lengthy article in this weekend’s paper outlining the current state of the local housing market.  See:  Area housing: ‘It’s still a bleak market’
In the article Hidalgo touches on a variety of issues impacting the Reno-Sparks housing market: inventory, distressed properties, new construction starts, shadow inventory, strategic foreclosures […]

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The Reno-Sparks Association of REALTORS has released July’s market report.  Lots of good info contained in it.  I particularly like the graphs in this report.  Check it out here: Monthly Market Talk – July 2009
Related posts:
July 23, 2009 - RSAR 2nd quarter market report
April 30, 2009 - RSAR releases inaugural Monthly Market Report

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The REDC foreclosure auction is coming to town again. They’ll be back at John Ascuaga’s Nugget in Sparks on Monday, September 14.
For those of you who have attended this in the past, you know it’s a pretty face-paced event.  Presently there are only 21 properties listed on the site, but more will be added daily.  […]

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Nevada’s unemployment rate hit another new high in July.  See Jobless rate hits new high.
According to the RGJ article Washoe County’s jobless rate now stands at 12.2%, and statewide the unemployment rate has hit 12.5%.  For those of you keeping score Nevada now holds the third-highest jobless rate in the country.  Only Michigan, at 15 […]

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Currently set to expire in fourteen week on November 30, the first-time homebuyer’s credit is looking likely to be extended.  The Washington Post reports that multiple bills are being presented in Congress that will not only extend the first-time homebuyers credit, but also one that will increase it to $15,000.
Check out the story here: First-Time […]

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I’ve got a few quick items, an introduction to a new and interesting player in the TD/REO game, and then just want to open this post up for your weekend rants and raves.  The comment count has really been down lately, and I want to make sure that my ramblings on the blog are relevant […]

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I received July’s recording statistics from our friends at Ticor Title today. [Click on the charts below to enlarge].
Accompanying these stats was a note saying that July’s big decrease (25% less than June’s) in filed Notices of Default is an anomaly and is expected to return to the 900-level for August.  In fact, as of […]

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Longley Professional Campus is located at the corner of Longley and Double R.  It is planned to consist of 31 buildings on 14 acres.  So far, 20 (maybe 23, judging from the aerial photos, and I don’t think Buildings 21 and 22 exist) have been built, and most have been sold.  Construction was funded with a […]

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77 NODs were recorded today and 73 have posted enough information that they can be tracked.  10 were HOA filings.  Of the 63 remaining, 16 were on properties that are seriously behind on their mortgages.  A NOD can be filed 3 months after the first missed payment, so we are seeing a good many 1 […]

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