Monthly Archives: June 2010

The Mikes at the Montage

Posted on June 12, 2010 by Mike McGonagle

 Believe it or not, I had never been in the Montage until 2 weeks ago, though I have been on their interest list almost since the beginning.  Mike at downtownmakeover set up a tour for us with Scot and Vinnie, a pair … Continue reading →

Posted in General | 10 Comments

Spike?

Posted on June 11, 2010 by Mike McGonagle

Are we about to see a spike in the Washoe County median priced single family residence?  From where I sit, it looks not only possible but probable. First, a couple notes on my data sources and how they vary from … Continue reading →

Posted in General | 38 Comments

Nevada ranks second for mortgage fraud

Posted on June 9, 2010 by Guy Johnson

Nevada took 2nd-place again in Interthinx’ quarterly mortgage fraud risk report. From the report… Arizona surpassed California as the state with the highest fraud risk, possibly due to a migration from neighboring Nevada similar to that which occurred in 2004-2006. … Continue reading →

Posted in News | Tagged , | 7 Comments

Client testimonial

Posted on June 7, 2010 by Guy Johnson

Ed. Note: I recently received the letter below from clients who purchased a home a few months ago.  As they are longtime readers of the blog, they requested that I post their letter on the blog.  I am happy to … Continue reading →

Posted in General | Tagged | 6 Comments

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

Posted on June 6, 2010 by Guy Johnson

May’s median sold price fell significantly to $175,000 – down $4,450, or 2.5 percent from April’s median of $179,450. YOY, May’s median was unchanged from May 2009. May’s sold price per square foot also dropped from April’s number; to $101.75/square-foot, … Continue reading →

Posted in Market Trends | Tagged , , , , , , , , , | 66 Comments

BofA outreach center to open in Reno by end of month

Posted on June 6, 2010 by Guy Johnson

In case you missed it in the RGJ, bank of America plans to open three outreach centers in Nevada to assist distressed homeowners, including one in Reno by the end of the month. The outreach centers will assist the bank’s … Continue reading →

Posted in News | Tagged , | 1 Comment

15% of TDs to Private Parties

Posted on June 4, 2010 by Mike McGonagle

There were 327 Trustee’s Deeds recorded in May 2010.  Of these, 49 were bought on the courthouse steps by private parties.  This works out to about 15% which is unprecedented.  A year ago, the average was 2-4%.  The Investors seem … Continue reading →

Posted in General | 13 Comments

30 days later

Posted on June 1, 2010 by Guy Johnson

Here we are one month after the first-time homebuyers credit expired.  [Recall that in order for a first-time homebuyer to claim the $8,000 tax credit, they were required to be in contract on a property by April 30, 2010, and … Continue reading →

Posted in Agent Insights | Tagged , | 19 Comments