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Monthly Archives: November 2009
Professor advises underwater homeowners to walk away from mortgages
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 … Continue reading
Posted in News
55 Comments
One in Four Borrowers Is Underwater
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 … Continue reading
NNRMLS 3Q Report
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 … Continue reading
Posted in Market Trends
Tagged Churchill, county, Douglas, Lyon, nevada housing, Storey, Washoe
6 Comments
Condo median sold price, units, DOM, and $/sq.ft. – October
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 … Continue reading
Posted in Market Trends
Tagged bank owned, condo, days on market, DOM, median price, price per square foot, Reno, Sparks, town home, townhouse, truckee meadows, units sold, washoe valley
26 Comments
Ticor Title charts for October
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 … Continue reading
Posted in Foreclosures, Market Trends
Tagged insured recordings, notice of default, notice of sale, ticor, trustees deed, Washoe County
29 Comments
Market Condition Report – October 2009
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 … Continue reading
Posted in Market Trends
Tagged "market condition report", first centennial title, Reno, Sparks, truckee meadows, Washoe County
54 Comments
3432
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 … Continue reading
Posted in General
23 Comments
Number of investors double in six months
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% … Continue reading
