Monthly Archives: February 2010

Green Shoots in the NW

Posted on February 25, 2010 by Mike McGonagle

 The production builders are starting to gear up in the Northwest, sometimes in unexpected places.  Only a few projects have new web sites up, but it interesting to get a glimpse of what the new product is going to be.  … Continue reading →

Posted in General | 29 Comments

Is Reno overcorrecting?

Posted on February 22, 2010 by Guy Johnson

[Feb. 23, 2010 - Note: it has been brought to my attention that some posts (like this one for example) are not displaying correctly depending on the browser used.  I am investigating this, but it seems that this post displays … Continue reading →

Posted in Market Trends | Tagged , , | 23 Comments

Going green can lower the tax bill

Posted on February 20, 2010 by Guy Johnson

Though not necessarily news, I received the following info from one of my lender contacts and thought I’d pass it along… New federal tax credits are now available for green home improvements on a principal residence. Qualifying modifications must meet … Continue reading →

Posted in Strategy, Taxes | Tagged | 13 Comments

The Class of ’05

Posted on February 18, 2010 by Mike McGonagle

The drill was supposed to work something like this:  buy a house as an investment property, use an Option ARM, make the minimum payment, and with a decent down payment, the investment would be cash-flow positive.   Then sell and reap the … Continue reading →

Posted in General | 53 Comments

Market Condition Report – January 2010

Posted on February 16, 2010 by Guy Johnson

Thank you to our friends at First Centennial Title for providing January’s Market Condition Report below. Click on the report to enlarge. From January’s report: OVERVIEW: Activity is greater than the same time period last year, but continues to slow … Continue reading →

Posted in Market Trends | Tagged , , , , , | 14 Comments

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

Posted on February 15, 2010 by Guy Johnson

I received a request from a reader to provide the latest sales numbers for condos in the Reno – Sparks market.  Happy to oblige. January’s condo sales were lighter than in recent months, and as we saw with the SFR … Continue reading →

Posted in Market Trends | Tagged , , , , , , , , , , , , | 32 Comments

Ticor Title charts for January – updated

Posted on February 12, 2010 by Guy Johnson

Just an FYI; I received the Washoe County recordings (new home sales, re-sales, and re-fis) from Ticor Title.  I’ve added the chart to Tuesday’s post.  See Ticor Title charts for January

Posted in General | 5 Comments

FHA lending changes

Posted on February 12, 2010 by Guy Johnson

I received the handout below from a lender friend of mine.  I realize I have recently posted changes to FHA’s lending policies, but this handout concisely summarizes the recent changes quite nicely.  Plus, it doesn’t hurt repeating in case it … Continue reading →

Posted in Lending | Tagged , , | 2 Comments