Monthly Archives: February 2010

Rough Week in IV

Posted on February 10, 2010 by Mike McGonagle

Not that all the upper end properties in Incline Village are all starting to look like the lower end properties at Woodland Village, but the NODs this last week or so are worth mentioning: -  517 Fairview went NOD on a … Continue reading →

Posted in General | 61 Comments

January sales – a closer look

Posted on February 9, 2010 by Guy Johnson

Yesterday I posted the monthly median numbers and noted that January’s median sold price plunged more than five percent from December’s median sold price.  After seven months of relatively flat monthly median sold prices, one has to wonder if January’s … Continue reading →

Posted in Neighborhoods | Tagged , , , | 43 Comments

Ticor Title charts for January

Posted on February 9, 2010 by Guy Johnson

Click on the chart below to see the Washoe County recording statistics showing notices of default, notices of sale, and trustee’s deed for the month of January.  Data presented by our friends at Ticor Title. As the other monthly charts … Continue reading →

Posted in Market Trends | Tagged , , , , , , , , , , | 1 Comment

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

Posted on February 8, 2010 by Guy Johnson

Ouch!  January’s numbers took a big plunge.  January’s median sold price dropped to $167,000.  That’s more than five percent off of December’s median sold price. Similarly, the median sold price per square foot also experienced a large decline.  January’s $97.06 … Continue reading →

Posted in Agent Insights, Market Trends | Tagged , , , , , , , , , | 10 Comments

RSAR’s year-end market reports

Posted on February 6, 2010 by Guy Johnson

The Reno Sparks Association of REALTORS® has published their year-end market reports for the Reno-Sparks and Fernley housing markets. Click here for the Reno Year End 2009 Market Report. Click here for the Fernley Year End 2009 Market Report. Some … Continue reading →

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BofA’s new short sale and REO czar

Posted on February 5, 2010 by Guy Johnson

In an effort to improve the wait times for the short sale approval process, Bank of America has named a new executive in charge of short sales and REOs.  From the press release: CALABASAS, Calif. – Matt Vernon, a 15-year … Continue reading →

Posted in Foreclosures, News | Tagged | 3 Comments

Gloom / Doom

Posted on February 3, 2010 by Mike McGonagle

 -  January NOD/NOS/TD Figures – NODs totaled 778, up from 763 in December, basically pretty steady for the last 4 months.  NOSs totaled 394, up from 366 in  December, but again, generally even with the last four month average.  TDs … Continue reading →

Posted in General | 93 Comments

FHA allows a new purchase 3 years after a short sale

Posted on February 3, 2010 by Guy Johnson

I’ve just received the following email from one of my local lender contacts.  This is an interesting development regarding FHA underwriting guidelines.  Check it out… If your buyer had a short sale 3 years ago, and can document that the … Continue reading →

Posted in Lending | Tagged , | 12 Comments