I’d like to share with you not raw data, but a few impressions about where the market is and where things are headed. This applies only to the Las Vegas market — I wouldn’t even apply it to Pahrump. Further, I expect this to be outdated within 3 months, and downright historical in 6 months. [...]

Welcome to Friday Figures! All information here is from the GLVAR MLS system. This is what you and your Realtor need to know before touring, making an offer, or listing a home this weekend. Available listings for sale:  There are 13466 available single family homes, 4124 condominiums and townhomes. Both these numbers continue to drop week-over-week. Distressed Properties: Of those [...]

The other day, I read this Forbes article about how much more we can expect housing prices to fall.  Not too surprisingly, their list of 10 markets that should have the steepest drop — from here! — includes Las Vegas. They state that the median house price here is roughly $181,700 and that we should [...]

Thank you for looking at the Friday Figures! This data is compiled from the GLVAR MLS system. It’s what you and your Realtor need to know before conducting residential real estate business this weekend. Available listings for sale:  There are 13871 available single family homes, 4206 condominiums and townhomes. Of these, 58% are vacant. We’ve finally broken under 14,000 available [...]

Now we have an outline of the President’s high speed rail plans. This is a clarification of the money set aside for rail in the recent stimulus bill.  High speed rail is used in Europe and Asia, and there is no reason we can’t learn a lot from what they did to improve upon it.  [...]

It’s time for Friday Figures! All data from the GLVAR MLS system. Here’s what you and your Realtor need to know before touring, making a purchase offer, or listing residential property in Las Vegas this weekend. Available listings for sale:  There are 14420 available single family homes, 4309 condominiums and townhomes. Substantially down! Total available listings are finally under 19,000. [...]

First, a big Welcome Home! to almost 300 airmen of Nellis Air Force Base, returning from overseas missions.  Another welcome sign, Mojave Max has emerged from his hibernation at the Desert Tortoise Conservation Center. That makes it “officially spring” for some Las Vegans.  If you live in Vegas, your mortgage is with Chase, and you are [...]

  Thanks for dropping by to see Friday Figures. This information is gathered from the GLVAR MLS system. This is the first Friday of the month, so I will add month-over-month comparisons where relevant. This is data you and your Realtor need to know before touring, making a purchase offer, or listing residential property this [...]

The New York Times ran an interesting piece yesterday on how banks are in some cases refusing to take back some properties where the mortgage is in default!  City officials and housing advocates… in cities as varied as Buffalo, Kansas City, Mo., and Jacksonville, Fla., say they are seeing an unsettling development: Banks are quietly [...]