Monthly Archives: April 2010

Reno named one of the best places to live

Posted on April 15, 2010 by Guy Johnson

Men’s Journal named Reno, NV as one of the best places to live in the country. From the article… Reno is really all about location and its extraordinary proximity to four seasons of outdoor adventure. The Sierra Nevada range, just … Continue reading →

Posted in Neighborhoods, News | Tagged | 31 Comments

701 Fairview

Posted on April 13, 2010 by Mike McGonagle

701 Fairview in Incline received a NOD today.  The 5 acre lot was purchased for $4,025,000 ($4.2M with plans and all that IV transfer garbage) and financed with a $1,950,000 loan at 7%.  The NOD cites 7/13/06 as the missed … Continue reading →

Posted in General | 17 Comments

Friday Fodder

Posted on April 9, 2010 by Mike McGonagle

-  So far this month, 105 TDs, 234 NOSs, and 234 NODS.  I have never seen Notices of Sale equaling (or exceeding, as they did for a while this week) Notices of Default.  Did the memo go out and the … Continue reading →

Posted in General | 52 Comments

Wells Fargo releases short sale guide

Posted on April 9, 2010 by Guy Johnson

…and claims their processing time to approve or deny an offer on a short sale has been reduced to just 25 days.  If true, that is a considerable improvement over the three to six month average the lending industry now … Continue reading →

Posted in short sale | Tagged , | 1 Comment

Lake Tahoe prices back to 2000 levels

Posted on April 8, 2010 by Guy Johnson

The story has been picked up by the… Reno Gazette Journal – Once-in-a-lifetime’ deals spur Lake Tahoe home sales in Q1 Tahoe home sales pick up steam in volume but not price Lake Tahoe News – Short sales spur Tahoe-Reno … Continue reading →

Posted in Market Trends, News | Tagged , , | 42 Comments

Short sale flowchart

Posted on April 7, 2010 by Guy Johnson

“Why does it take so long to close a short sale?”  This is a question I get asked daily. Thanks to our friends at First Centennial Title I can now point to the flowchart below to provide some insight into … Continue reading →

Posted in short sale | Tagged | 1 Comment

Trulia’s newest product: Trulia Rentals

Posted on April 7, 2010 by Guy Johnson

Real estate search company Trulia.com has just launched a comprehensive rental properties search tool. Consumers can now search millions of units in multifamily buildings, agent represented rentals and landlord submitted properties. “With the burst of the housing bubble, more consumers … Continue reading →

Posted in News | Tagged , | Leave a comment

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

Posted on April 4, 2010 by Guy Johnson

March’s median sold price rose to $176,000, or 3.5 percent over February’s median of $170,000.  However, March’s sold price per square foot fell 2.9 percent, to $98.48, from February’s sold price per square foot. The number of houses sold in … Continue reading →

Posted in Market Trends | Tagged , , , , , , , , , | 49 Comments