Monthly Archives: November 2009

Professor advises underwater homeowners to walk away from mortgages

Posted on November 30, 2009 by Guy Johnson

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

Posted on November 24, 2009 by Guy Johnson

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 →

Posted in Foreclosures, Market Trends | Tagged , | 50 Comments

NNRMLS 3Q Report

Posted on November 23, 2009 by Guy Johnson

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 , , , , , , | 6 Comments

Condo median sold price, units, DOM, and $/sq.ft. – October

Posted on November 22, 2009 by Guy Johnson

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 , , , , , , , , , , , , | 26 Comments

Ticor Title charts for October

Posted on November 18, 2009 by Guy Johnson

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 , , , , , | 29 Comments

Market Condition Report – October 2009

Posted on November 13, 2009 by Guy Johnson

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 , , , , , | 54 Comments

3432

Posted on November 12, 2009 by Mike McGonagle

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

Posted on November 11, 2009 by Guy Johnson

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 →

Posted in Foreclosures, Strategy | Tagged , | 10 Comments