Guy's Blog

The number of houses for sale in February dropped 3.5% from January's numbers - continuing a downward trend that began last fall (September 2007).  Similarly the median asking price continues to decline (1.5% from last month) as well.Unfortunately the number of houses sold last month are also way...

Just as we saw with last quarter's numbers vacancy rates again increased across the board.  However, a reshuffling of the ranking has occurred.  Somersett has once again regained the top spot as having the highest proportion of vacant listings.  And with 63% vacant and 8% tenant-occupied, only a ...

Good News: The number of houses for sale continues to decline.  Down 1.3% from last month.  Also, the median For Sale price continues to decline Down 0.57% from last month.  While the median Sold price increased almost 4% over last month.Bad News:  Only 171 houses were sold during the month of Ja...

The NAR reports that the average REALTOR®'s income amounts to only $23,000 per year.  How do Reno-Sparks REALTORS®' incomes compare?  Let's do the numbers (I'll use October's data because that's the month where I have the most complete data available).According to recent Washoe County Assessor's ...

Lately I've observed a lot of shuffling of personnel in the real estate industry and its related fields (lenders, mortgage brokers, title and escrow officers, new homes sales reps, etc.)  Many offices are downsizing and cutting staff, while others are shutting their doors completely.  Where do th...

The number of homes listed for sale fell in November. A 7.6% decrease from the preceding month. And though the decrease can be attributed to seasonality factors (i.e. many home Sellers take their properties off the market during the holidays), year-over-year, the number of homes listed on the MLS...

I attended my first probate sale last week.  I was representing the buyer in the purchase of an estate sale being administered by Washoe County.  The process, though fairly straightforward, was quite interesting.My buyer and I found the property listed on the MLS.  It was a distressed property de...

Our friends at Ticor Title sent me the following stats/charts to share with our readers.  Much data is contained within these but the sheer magnitude of the changes observed over the previous two and one-half years is worth a look.  I feel the most telling is the latest Notices of Default (NOD) n...

October numbers are in.  We saw an unexpected bump up in the median sold price for October over September; $289K over $285K, respectively.  Is this it?  Have we finally hit the bottom of the housing market?  No, I believe it's a blip that will disappear, probably by the time I post November numbe...

I've been showing houses to a number of buyers lately and a frequent comment I hear is surprise at the number of vacant homes we encounter during our viewings. I've discussed this subject on the blog in the past so I thought an update to my "vacancy" table was in order.  See the vacancy rates for...