Thanks to the Nevada Day Holiday, the end of month update is early.  NODs fell to 765 from 930 last month, to their lowest level of the year.  NOSs plummeted to 469 from 659, their lowest level of the year (except for a blip in February).  TDs rose slight to 319 from 300, well down […]

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Back in April, Ticor Title, who holds the Montage escrow accounts, filed an "Interpleader"  lawsuit against Montage Marketing Corporation (Corus Bank).  Deposit holders wanted their money back, Montage didn’t want to give it back, so Ticor was stuck in the middle.  The Docket Report is pretty lengthy. and includes a $1.2M trust disbersment on 29 […]

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It looks likely that Senators debating the extension of the First-time Homebuyers Credit will compromise by extending, then phasing out, the credit over 2010.  The extension of the First-time Homebuyer’s Credit will most likely work like this: First-time homebuyers who close before April 1, 2010 would get the full $8,000; then the credit’s value would […]

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In case you missed it, today’s Reno Gazette-Journal had a piece by Jason Hidalgo on local real estate auctions; see Real estate auctions, on the rise, attract new audience.
During his research for the story Jason interviewed this blog’s own Mike McGonagle, as well as yours truly.  These interviews were conducted independent of one another, and […]

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There were 93 Trustee’s Sales scheduled for the courthouse steps in the past 8 days (that’s as far back as I can accurately track the results).  46 (50%) went back to the bank.  41 (44%) were canceled.  4 (4%) were postponed, and 2 (2%) were sold to third parties.
This a HUGE difference from the numbers when […]

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I know many of you are going to love these new charts produced by our Friends at Ticor Title.  These new charts expand on the always popular Washoe County Notices of Default Filings chart by additionally presenting statistics for Notices of Sale as well as Trustees Deed recordings.  
The two formats below present the same […]

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This morning I received an email from the Reno/Sparks Association of REALTORS® alerting me that “Washoe County is proposing an ordinance to consolidate nuisance codes, and is seeking to add a section that defines vacation home and rental land uses as nuisances.”  See Washoe County Nuisance Ordinance Draft
According to the email the RSAR’s position is: […]

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The latest Washoe County recording stats have just been released by our friends at Ticor Title.  September saw:

Re-fis continue to fall; down 15% from August’s number
New homes sales up nearly 13% over August’s new home sales
Resales also increased nearly 13% over August’s number

Washoe County resales hit 719 units in September.  Though not shown on the […]

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Much positive news from September’s Market Condition Report presented by First Centennial Title.  Prices up, inventory steady, escrows up, failures down.  Click on the report to enlarge.

…from the report:  
OVERVIEW: Activity slows as market transitions into the fall-winter cycle. Prices appear to have bottomed in the short term at or near current levels.
SUPPLY (ON MARKET): Continues to […]

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I expect the occasional blizzard.  Wildfires are a fact of life around here.  There is the annual plague of locusts (Mormon crickets) in the North Valleys,  and we even have out own earthquake cluster in Mogul.  I deal with it all.  But now typhoons, too?  Iowa is looking better and better all the time.
The WSJ and Zillow are […]

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