Monthly Archives: June 2010

June Wrap Up

Posted on June 30, 2010 by Mike McGonagle

 Foreclosure activity in June stayed steady with May’s numbers.  NODs fell to 638 from 639 in May.  NOSs rose a bit to 600 from May’s 582.  TDs fell to 294 from 327 in May, about a 10% drop.  15% (43) … Continue reading →

Posted in General | 32 Comments

RSAR’s monthly market reports – May 2010

Posted on June 26, 2010 by Guy Johnson

May’s monthly market reports for Reno and Fernley, Nevada have been published by the Reno-Sparks Association of REALTORS®. (see links below) Additionally, the new “Premium Report” for Reno has been published.  The data hounds should enjoy the additional graphs and … Continue reading →

Posted in Market Trends | Tagged , , , , , | 15 Comments

Mortgage rates hit all-time low

Posted on June 25, 2010 by Guy Johnson

Freddie Mac reports that mortgage rates have dropped to the lowest level since the company started tracking the data in 1971 and breaks the most recent low set in December. The average rate on a 30-year fixed-rate mortgage is now … Continue reading →

Posted in Lending | Tagged | 6 Comments

Market Condition Report – May 2010

Posted on June 23, 2010 by Guy Johnson

Thank you to our friends at First Centennial Title for providing May’s Market Condition Report below.  Market changes seem to be afoot.  From May’s report… OVERVIEW: Demand and supply stabilized from May to June. Key indicators signaled a pause in … Continue reading →

Posted in Market Trends | Tagged , , , , , | 34 Comments

Last Week On the Steps +

Posted on June 22, 2010 by Mike McGonagle

129 properties came up on the courthouse steps for Trustee’s Sales last week.  23 were canceled, 79 were postponed, 22 went REO, and 5 sold to 3rd parties.  ALL of the 3rd party sales went significantly over the opening bid … Continue reading →

Posted in General | 1 Comment

Are you considering selling your property as a short sale?

Posted on June 17, 2010 by Guy Johnson

First Centennial Title Company of Nevada has put together a Homeowner’s Guide to Short Sales.  This guide contains useful information for homeowners considering selling their property as a short sale.  From a detailed explanation of the short sale process to … Continue reading →

Posted in short sale | Tagged , | 20 Comments

Senate extends tax credit another three months

Posted on June 16, 2010 by Guy Johnson

I guess Senator Harry Reid must read this blog and saw how few pending homes sales closed last month – just 21 percent  (see 30 Days Later). From Reuter’s: The U.S. Senate voted on Wednesday to give homebuyers another three … Continue reading →

Posted in News | Tagged | 31 Comments

Mid June 2010

Posted on June 15, 2010 by Mike McGonagle

Half way through the month, there are 162 TDs, 330 NOSs, and 321 NODs recorded.  Pretty much status quo, though NOSs are trending up. There were 128 properties on the courthouse steps last week, and here is how it went … Continue reading →

Posted in General | 2 Comments