Monthly Archives: September 2010

Market Condition Report – August 2010

Posted on September 17, 2010 by Guy Johnson

Below is August’s Market Condition Report produced and distributed by our friends at First Centennial Title Company of Nevada. From this month’s report… OVERVIEW: The market is slowing. Market speed is down. Absorption Rate is up and prices are weakening. … Continue reading →

Posted in General | Tagged , , , , , | 12 Comments

ForeclosureRadar is now tracking NV, Washoe County and Reno

Posted on September 16, 2010 by Guy Johnson

ForeclosureRadar, a website that has tracked foreclosure activity in California for quite some time now, has recently added Nevada (as well as Arizona, Washington and Oregon) to its mix.  Visitors to the site can now see foreclosure activity for the … Continue reading →

Posted in Foreclosures, Market Trends | Tagged , , | 2 Comments

What are the top selling MLS areas in the Reno-Sparks market?

Posted on September 15, 2010 by Guy Johnson

During this morning’s sales meeting, our broker distributed a list of the top-selling (by units) MLS areas.  The numbers below represent year-to-date totals…from an area-wide total of 3,682 units sold since January 1, 2010. Not surprisingly, Stead, where the YTD … Continue reading →

Posted in Neighborhoods | Tagged , , | 9 Comments

Washoe County recordings – August 2010

Posted on September 14, 2010 by Guy Johnson

Washoe County recordings were up across the board for August. New home sales were up 7 percent; resales up 6.5 percent; and re-fi’s up a whopping 29 percent over July’s numbers.  In fact, August’s 501 re-fi’s hit a level not … Continue reading →

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Nevada to receive $43 million in HUD assistance

Posted on September 13, 2010 by Guy Johnson

Did you catch last week’s U.S. Department of Housing and Urban Development’s announcement of the nearly $1 billion in additional NSP grants awarded to states for the purpose of confronting abandonment and blight brought on by foreclosures.  These Neighborhood Stabilization … Continue reading →

Posted in Foreclosures, News | Tagged , , | Leave a comment

Tax credit pendings – where are they now?

Posted on September 12, 2010 by Guy Johnson

This post will be my final look of the statuses for those pending properties taken just prior to the expiration of the First-Time Homebuyers Tax Credit program. We’re now four months after the expiration of the date that prospective buyers … Continue reading →

Posted in Agent Insights | Tagged , | 6 Comments

It’s the Right Time to Buy…..

Posted on September 11, 2010 by Mike McGonagle

….Executive Homes.  If you are not lucky enough to be a print subscriber to the RGJ, you missed this fine article in the Real Estate Insert today.  Comments? The same section had a listing of sold properties for the week … Continue reading →

Posted in General | 90 Comments

Nevada foreclosure mediation program – 88% success rate

Posted on September 10, 2010 by Guy Johnson

I attended a seminar yesterday on foreclosures and short sales.  During the seminar the speaker presented a few numbers regarding the Nevada Foreclosure Mediation Program.  Thought I’d share… Note: These numbers are for the one year time period beginning July … Continue reading →

Posted in Foreclosures | Tagged , , | 2 Comments