Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Our residential resale housing market remains strong as we move into the typically slower holiday season. Although there has been a slight seasonal decline with decreases in month-over-month sales, the numbers continue to show a strong year-over-year increase in sales volume. Median sales prices only slightly dropped continuing the flat pricing trend that we have seen over the past six months. We anticipate steady sales moving through the holidays and into the first quarter 2010, with buyers responding to the extension and expansion of the home-buyer tax credit and exceptionally affordable interest rates.
November ended the month with 451 sold transactions, down 18% from the prior month. Sales were up 70% over the same period last year (2008). Historically, this was a record high number of closed transactions for the month of November.
Bank Owned unit sales were down in November to 153 as compared to 181 in October. Bank Owned sales represent 34% of the sales, up from 33% in October.
Short Sales were at 130 in November, down from 134 reported in October. Short Sales represent 29% of the mix in November as compared to 24% in October.
No Special Condition (None) sales decreased in November to 141 compared to 198 in October. Sales reported as "No Special Condition" represented 31% of the sales, down from 36% reported in October.
November 2009 median price was down 3% to $175,000 compared to $180,000 in October 2009.
Median price is defined as the mid-point, half of the sales for the time frame (November) are below and half are above.
There were 472 new Active Pending sales reported for the month of November, down 28% from the prior month.
78% of November pendings are distressed (short sale and bank owned)
507 new listings were taken in November compared to 614 in October, a 17% decrease
The percentage of "Distressed" new listings was up 6%. 65% of new November listings were distressed, 206 Short Sales, 126 Bank Owned.
MONTHS SUPPLY OF INVENTORY (Unsold Inventory divided by Sales per Month)
As of November 30th, there was 6.5 months of inventory based on the 30-day November sales rate. For the sixth consecutive month the Months Supply of Inventory (MSI) has been balanced.
The National Association of Realtors describes a balanced market as between 5 and 7 months supply.
Unsold Inventory includes all Actives and Active pendings
November 2009 had the highest number of recorded closings for a November. This is partially attributed to the expiration of the deadline on the First-Time Home buyers Tax Credit.
The median price remains relatively flat.
Short Sale closings continue to increase as a percentage of the total market mix.
The volume of Short Sales closings year-over-year has increased by 154% (November 2008= 53 Short Sales, November 2009=130 Short Sales
The median home price is in line with the median household income in recent months for the first time since 2002.
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
HUD issued Mortgagee Letter #09-52 which states Borrowers are not eligible for a new FHA mortgage if they pursued a short sale agreement on his or her principal residence simply to: a) take advantage of declining market conditions and b) to purchase, at a reduced price, a similar or superior property within a reasonable commuting distance.
Monthly Market Talk, November 2009 is a report by Reno/Sparks Association of Realtors.
Northern Nevada Lifestyle
Sandra Mathewson CRS ABR GRI SFR CDPE RE/MAX Premier Realtor Northern NV call or text (775) 287-8222
I am Sandra Mathewson, a full-time Realtor working both as a listing agent and a buyer's agent. I love using the internet to meet people and keep in touch with friends and clients. I write this blog to show you why Reno, Sparks and Fernley real estate is truly something to be desired.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.