The last couple months I have compiled and posted title & escrow related tips presented by Ticor Title.  Though these weekly tips are directed to real estate professionals I believe consumers will also benefit from this information.
To see previously posted tips, click:
April 21 - Ticor Title REO tips #1- #4
and
May 19 - More REO tips […]

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Latest U.S. Census Bureau estimates no longer place Reno as the third largest city in Nevada.  North Las Vegas has overtaken us; so we hold the fourth spot.  Not a big deal really, according to an article in today’s RGJ: Reno slips a notch in Nevada population rank, census estimates say
Here are the latest population […]

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Below find the updated Insured Recordings statistics for Washoe County from our friends at Ticor Title. 
Resales continue to climb for the fourth consecutive month. At 590 May’s number of resales has returned to 2007’s level.
Refi’s fell due to increasing interest rates; and new home sales continue to skate along the bottom.
Note:  Ticor did not […]

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Below please find the May’s Market Condition Report from our friends at First Centennial Title.
May’s Highlights:

A reduction in the number of failed listings [those listings that failed to sell; i.e. Expireds and Withdrawns] has caused the “failure” line to fall below the closing line for the first time since mid-2005.
Another big jump in the “percent […]

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Another month of 400+ units sold.  And the median sold price continues to tumble. May’s median of $175,000 represents a 7.5% drop from April’s median; and nearly a 33% decline from a year ago.  The median sold price for Reno-Sparks is now off 52% from its peak of $365,000.
As has been the case for a while […]

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The Nevada Department of Business and Industry has developed a great tool for homeowners who may be underwater in their home.  It’s called the Nevada Foreclosure Information Workbook, and it’s intended to educate homeowners on the foreclosure process.  It is very thorough and provides answers to practically any question you may have regarding a foreclosure […]

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After last week’s Federal Housing Administration’s announcement amending its policy so that first-time home buyers may now fund their home purchases with the $8,000 tax credit I immediately began receiving “Alert” and “Breaking News” emails from various lenders touting the news.  One lender however provided more details surrounding how this new policy will actually work.  […]

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Last month I posted the first set of REO tips being presented by Ticor Title.  Though these weekly tips are directed to real estate agents I think consumers will also find them helpful in providing a better understanding of the process surrounding purchasing an REO property.
Here are the latest tips from our friends at Ticor: […]

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Below find April’s Market Condition Report provided by our friends at First Centennial Title.  The news this month is that “percent selling” jumped up another five points in April over March.  This is the third consecutive month that we’ve seen such an increase.  Percent selling is now at 56% for Washoe County.  [Recall “percent selling” […]

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Last month the Reno/Sparks Association of REALTORS® implemented a few changes to Reno’s MLS Areas.
These changes included:

a new area was created (Area 116 – “Reno-Downtown Core”)
some existing areas were renamed (i.e. Area 122 - “Reno-Somersett” has been renamed to “Reno-Northwest Foothills”)
minor boundary changes

To see the specifics of all the modifications click here.
Click on the map […]

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