Monthly Archives: August 2009

August Wrap-up

Posted on August 31, 2009 by Mike McGonagle

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 … Continue reading →

Posted in General | 19 Comments

Reno-Sparks homes 18 percent undervalued

Posted on August 31, 2009 by Guy Johnson

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 … Continue reading →

Posted in Market Trends, News | Tagged , , , | 18 Comments

RSAR July market report

Posted on August 28, 2009 by Guy Johnson

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 … Continue reading →

Posted in Market Trends | Tagged , , | 8 Comments

Public lender foreclosure auction returns to Reno-Sparks

Posted on August 27, 2009 by Guy Johnson

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.  … Continue reading →

Posted in Entertainment, Foreclosures, News | Tagged , , | 17 Comments

Former agents continue to hang it up

Posted on August 26, 2009 by Guy Johnson

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 … Continue reading →

Posted in Agent Insights, News | Tagged , | 5 Comments

First-time homebuyers credit to be extended?

Posted on August 24, 2009 by Guy Johnson

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 … Continue reading →

Posted in News | Tagged | 51 Comments

Wood is Good

Posted on August 21, 2009 by Mike McGonagle

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 … Continue reading →

Posted in General | 11 Comments

Ticor Title charts for July

Posted on August 21, 2009 by Guy Johnson

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 … Continue reading →

Posted in Foreclosures, Market Trends | Tagged , , , | 2 Comments