Because the topic has been discussed so much in the last few days on this blog, I thought I’d pass along a link to a yesterday’s LA Times piece, Professor advises underwater homeowners to walk away from mortgages
In the article, Brent T. White, a University of Arizona law school professor, discusses his recent paper "Underwater […]

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According to an article in today’s Wall Street Journal, 23 percent of U.S. homeowners owe more on their mortgages than the properties are worth.  That’s 10.7 million households with negative equity in their homes according to the First American CoreLogic report cited.
From the article, “Homeowners in Nevada, Arizona, Florida and California are more likely to […]

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Most of the data I post on this blog is Washoe County-centric; however our regional MLS actually covers a much larger portion of Northern Nevada.  Each quarter the Northern Nevada Regional MLS releases a Market Watch Report.  This report contains housing market data on the counties of Churchill, Douglas, Lyon, Storey, Washoe and Carson City.
The […]

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Recently I’ve been working with many clients interested in purchasing condos.  One client closed on a SilverCreek condo last week, a couple others wrote offers on condos, and the others continue to shop.  Most of the prospective condo buyers with whom I’ve been working are purchasing these units as investment property to rent out, but […]

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Notices of default and notices of sale took big drops in October.  Granted, the monthly fluctuations have been somewhat erratic of late, but October numbers are at levels not since January of this year.  
Meanwhile, October recordings of Trustee’s Deeds trended up.
Check out all the numbers by clicking on the chart below…

Or, if you prefer […]

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I’ve just received October’s Market condition report from our friends at First Centennial Title.  Click on the picture to enlarge.

Synopsis from the report:

OVERVIEW: Activity holding at current levels with no big movements. SFR Prices appear to have stabilized (slightly negative) in the current range while Condo displayed unexpected weakness. This trend in Condo prices is […]

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ArrowCreek is still a mystery to me.  I just can’t imagine why anyone would want to invest millions there, not to mention actually having to live there.  Maybe it’s just me.  AC has held up longer than expected, probably due to the long time frame of the development resulting in a good mix of buy dates […]

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According to a just-released Move.com survey, the number of consumers interested in investing in real estate has doubled since March 2009.  Of the participants surveyed, 12.1% said they planned to buy a home as an investment property, compared to 5.6% in March 2009.
25.3% of consumers interested in purchasing a home today are focusing on foreclosure […]

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If you haven’t taken a look at Zillow’s online regional/local housing data in awhile, it’s worth another visit.  Zillow has added many new metrics to its offering, as well as additional ways to slice and dice its data.
Housing market data can be viewed at the national, state, regional and local levels.  Within these levels data […]

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Both the House and the Senate have passed an unemployment insurance bill, which includes an amendment that expands and extends the first-time home buyer’s tax credit.  That bill will be sent to President Obama for his signature in the next day or so.
A number of differences exist between the current tax credit and the newly […]

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