Washoe County Notices of Default remained relatively flat for September. Very high still (422 for the month); but stable nonetheless. A ceiling of 400 – 450 per month seems to have been set (as observed for the last eight months).
For the second consecutive month the number of re-fis is less than the number of resales; a phenomenon never before observed in Reno’s housing market history until last month. Resales declined slightly (20 less sales) for September as compared to August. The downward trend in unit sales should continue as we enter the slower house buying season.
Click on the charts to enlarge.
