Monthly Archives: September 2009

FHA loans: get ‘em while you can

Posted on September 21, 2009 by Guy Johnson

Lots of recent news regarding FHA financing.  In a word it’s going to be tougher to obtain.  Due to rising FHA loan defaults, FHA cash reserves will fall below mandated levels by the end of the month.  So changes are … Continue reading →

Posted in Lending, News | Tagged , | 3 Comments

Market Condition Report – August 2009

Posted on September 16, 2009 by Guy Johnson

Each month our friends at First Centennial Title Company provide me with their Market Condition Report. According to August’s report, “The pace of the Reno market has resumed overall positive movement.”  Seven months supply of inventory is (has been) holding … Continue reading →

Posted in Market Trends | Tagged , , , , , | 48 Comments

“Saddlehorn’s Best” closes

Posted on September 15, 2009 by Guy Johnson

Occasionally some of our readers have posted barbs regarding some of my listings that appear on the sidebar.  Usually these comments refer to the probability of these properties ever selling.  I just wanted to let everyone know that my listing, … Continue reading →

Posted in General | Tagged | 13 Comments

Ticor Title charts for August

Posted on September 14, 2009 by Guy Johnson

You’ll see in the chart below that August’s number of NOD’s have jumped back up to erase any question about July’s surprising drop.  As my contact at Ticor expressed last month “notice of default stats for July was a fluke.”  … Continue reading →

Posted in Foreclosures, Market Trends | Tagged , , , , | 29 Comments

More title and escrow tips from Ticor Title

Posted on September 13, 2009 by Guy Johnson

Throughout the year I compile and post title, escrow, short sale, foreclosure and closing tips presented by our friends at Ticor Title.  Though these tips are directed to real estate professionals I believe consumers also benefit from this information.  Here … Continue reading →

Posted in Foreclosures, Legal, Lending, News | Tagged , | Leave a comment

September in Reno

Posted on September 11, 2009 by Mike McGonagle

I love September in Reno.  It begins with the influx then outflux of the Burners, the Best in the West Rib Cook-off,  the balloon races that are going on this weekend, next week’s National Air Races which is simply a … Continue reading →

Posted in General | 29 Comments

August median sold price, units, DOM, and $/sq.ft.

Posted on September 9, 2009 by Guy Johnson

The median sold price dropped slightly in August to $179,000 (from $180,000 in July).  Units sold remained healthy at 457 units, but were off 10% from July’s 509 units.  Home buying seasonality factors will start to come into play in … Continue reading →

Posted in Market Trends | Tagged , , , , , , , | 49 Comments

Inside the Loop

Posted on September 8, 2009 by Mike McGonagle

Okay, here is a fragment of a post I never put up on the blog.  Some of you might enjoy it and even take the tour, so I thought I’d let you see it before I purge it from WordPress. I … Continue reading →

Posted in General | 1 Comment