Below please find Washoe County, Nevada resale, new home sale, and refinance insured recordings statistics for November 2014 provided by our friends at Ticor Title of Nevada, Inc.[Click on the chart below to enlarge.]
November new home sales hit a high for the year with 95 new homes sold for the month. That’s eleven more new homes than were sold in October — or a 13 percent increase. Resale home sales, however, fell more than 15 percent for the month. This large drop in resales can partially explain by seasonal factors (e.g. last year resales fell 14.9 percent from October to November), however is also being precipitated by the current low resale inventory. Re-finances, driven by very low interest rates, continue to climb hitting a 16-month high.
Below please find Washoe County, Nevada Notices of Default (NODs), Notices of Sale (NOSs), Trustees Deed Filings (TDs) and New SFR REO Listings statistics for November 2014 provided to us by our friends at Ticor Title of Nevada, Inc.[Click on the chart below to enlarge.]
Notices of Sale (NOSs) fell sharply for the month — dropping from 95 in October to 68 in November — a decrease of more than 28 percent. November’s notices of default (NODs) and Trustees Deeds (TDs) fell slightly from October’s numbers. Conversely, the number of new REO (foreclosure) listings climbed in November to 39 new listings – the highest seen since January of this year.