SellingNorthernNV

Keeping you informed on all things real estate

Reno/Sparks April 2009 Sales Report

admin | June 1, 2009

April marks the fourth month in a row of increasing sales in the Reno/Sparks area. The majority of this activity remains in the price range of $150,000 and under. However sales are still up in every price range with the exception of homes between $201k and $250k which have remained level

Rise in Existing-Home Sales for the Month of April

admin | June 1, 2009

Nationally, existing-home sales rose 2.9% in April, making a seasonally adjusted annual rate of 4.68 million units.

Western States existing home sales rose 3.5% with the annual rate of 1.17 million in April, which is 19.4% higher from last April.

California’s Unemployment Rate Predicted to Soar Even Higher

admin | April 6, 2009

Both UCLA and UCSB predict California’s unemployment rate will continue to soar and remain in the double digits until at least 2012. Both universities also had poor predictions for California’s retail spending, income, and future home prices.

failure to close

admin | December 5, 2007

Mortgage Brokers fail to close 1/3 of their purchase loans for the month of August.

Increasing Foreclosures

admin | September 4, 2007

In July the amount of foreclosure fillings were up 93 percent compared to July 2006, and 9 percent from just the previous month.