Welcome to today’s Friday Figures. I’ll be presenting information from the GLVAR MLS system. Since it’s the last Friday of the quarter, I will add some 4th quarter 2008 statistics (courtesy of the NAR) for comparison. Here’s what you and your Realtor need to know before conducting residential real estate business this weekend. Available listings [...]

A full month ago the Hope for Homeowners plan was declared “hopeless“, pointing out that the program designed to help 400,000 homeowners by now had closed a whopping 25 loans. That’s not even a hundreth of a percent of their goal. There were a lot of reasons it didn’t work, including high fees for homeowners [...]

Thanks for checking in on the Friday Figures! This information is from the GLVAR MLS.  It’s what you and your Realtor need to know about the current Vegas real estate market. Available listings for sale:  15640 available single family homes, 4602 condominiums and townhomes. That is a slight rise from last week, but not enough to raise concern. The [...]

While homebuilder confidence remains near a record low, it turns out that actual housing starts are up 22% mostly due to apartments (official Census report). It sounds like the homebuilders have put in a “panic bottom”. Renters, beware of the NAR lease scam. “In this scam, rental property is offered to consumers, who are led to [...]

Welcome, Readers! I have the latest local market data from the GLVAR MLS.  This is what’s really happening in our market right now, and you and your Realtor need to be aware before making purchase offers or putting your home on the market this weekend. Available listings for sale:  15594 available single family homes, 4520 condominiums and townhomes. 12393 of these [...]

Just a couple of quick mortgage related items today.  First, what you should probably know about VA loans even if you aren’t a mortgage broker.  And finally, it appears that just about all lenders are requiring a minimum credit score of 620. If you are considering a home purchase a few months down the road, [...]

Good afternoon, everyone! Here’s the latest local market data from the GLVAR MLS.  This is what you and your Realtor should know before touring, making purchase offers, or putting your home on the market this weekend. Available listings for sale:  15852 available single family homes, 4542 condominiums and townhomes. 12686 of these properties are vacant, a substantial 62%. Available houses dropped [...]

Yesterday we learned that we had record low pending sales in January. It’s important to remember that this data has only been collected since 2001.  That data is nationwide. Here in Las Vegas, we are not experiencing low pendings. In fact, pending sales are on the increase. We have had over 7000 pending/contingent contracts for [...]