February’s median sold price rose to $171,500 after plunging five percent in January to $167,000.  Similarly, February’s sold price per square foot also came back from January’s plunge – rising to $101.42 from January’s record low $97.06.
The number of houses sold in February was a robust 330 units – a very strong showing for a […]

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[Disclaimer – I realize many readers have strong opinions regarding the NAR and its Chief Economist, Lawrence Yun.  The post below is simply passing along Mr. Yun’s latest forecast.  The posting of his podcast does not necessarily imply I agree with the statements made.]
NAR Chief Economist Lawrence Yun discusses the latest quarterly state sales and […]

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January’s Monthly Market Talk report, produced by the Reno/Sparks Association of REALTORS®, has just been released.  

Click here for the January Reno Monthly Market Report.
Click here for the January Fernley Monthly Market Report.

From the Reno report:

January ended the month with 346 sold transactions down 17% from the prior month. Sales were up 49% over the […]

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[Feb. 23, 2010 - Note: it has been brought to my attention that some posts (like this one for example) are not displaying correctly depending on the browser used.  I am investigating this, but it seems that this post displays correctly in Firefox or Chrome, but not certain versions of IE.  If you have observed […]

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Though not necessarily news, I received the following info from one of my lender contacts and thought I’d pass it along…
New federal tax credits are now available for green home improvements on a principal residence. Qualifying modifications must meet a certain energy efficiency level to be eligible for the credit.
The credits are available for improvements […]

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Thank you to our friends at First Centennial Title for providing January’s Market Condition Report below. Click on the report to enlarge.
From January’s report:

OVERVIEW: Activity is greater than the same time period last year, but continues to slow relative to other market areas. SFR closing price posted a $7K loss while Condo prices continue especially […]

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I received a request from a reader to provide the latest sales numbers for condos in the Reno - Sparks market.  Happy to oblige.
January’s condo sales were lighter than in recent months, and as we saw with the SFR numbers for January, price per square foot hit a new low.  At $51.70/square foot, January’s ppsf […]

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Just an FYI; I received the Washoe County recordings (new home sales, re-sales, and re-fis) from Ticor Title.  I’ve added the chart to Tuesday’s post.  See Ticor Title charts for January

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I received the handout below from a lender friend of mine.  I realize I have recently posted changes to FHA’s lending policies, but this handout concisely summarizes the recent changes quite nicely.  Plus, it doesn’t hurt repeating in case it may have been missed the first time around.
New FHA guidelines in a nutshell:

Increased upfront mortgage […]

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Yesterday I posted the monthly median numbers and noted that January’s median sold price plunged more than five percent from December’s median sold price.  After seven months of relatively flat monthly median sold prices, one has to wonder if January’s drop was a seasonal blip? Or does it portend the beginning of a “double dip”?
Where […]

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