Archive for June, 2009

Friday Figures for 6/26/2009

June 26, 2009

Good morning, and thanks for reading Friday Figures! All information from the GLVAR MLS system. Let’s check out what you and your Realtor should know about local market conditions before touring, making an offer, or listing a home in the Las Vegas Valley this weekend. Summary: Available inventory continues to drop, both in distressed and [...]

Posted in Las Vegas Real Estate Comments Off

New Law Changes HOA Info Rules

June 23, 2009

Many newer communities across the nation have homeowners associations (HOA), landscape maintenance associations (LMA), or some other type of Common Interest Community (CIC). For some years, Nevada has required that buyers in any sort of CIC get a chance to inspect the rules before buying. It’s only fair, because these rules restrict the way owners [...]

Posted in Nevada, The Law Comments Off

Friday Figures for 6/19/2009

June 19, 2009

Yes, it’s Friday again, and time for Friday Figures! All information from the GLVAR MLS system. This is what Vegas Realtors and real estate clients need to know about local market conditions before touring, making an offer, or listing a home this weekend. Summary: Inventory of available homes continues to drop to 13552 units. Meanwhile, pending [...]

Posted in Las Vegas Real Estate Comments Off

See Secret Listings Here!

June 17, 2009

You just missed them. Right above this line of text. That blank spot? That’s it! In a market like this one, where everybody is out to get a real estate deal before it’s too late, a lot of people are looking for an edge — a way to get the great deals that nobody knows [...]

Posted in General Real Estate, Realtors 1 Comment »

Friday Figures for 6/12/2009

June 12, 2009

Welcome to Friday Figures! All information from the GLVAR MLS system. Here’s what you and your Realtor should know about Vegas real estate market conditions before touring, making an offer, or listing a home this weekend. Summary: The most important thing to remember is that interest rates are rising. My sources tell me that FHA [...]

Posted in Las Vegas Real Estate 1 Comment »

Odds and Ends

June 10, 2009

Because Vegas has lost jobs over the last year, our population is down. And that in turn has caused apartment vacancy rates to rise and rents have dropped to 2006 levels. Economist and real estate expert Robert Shiller (whose name you may recall from the Case-Shiller index) says that real estate prices will continue to [...]

Posted in Distressed Property, General Real Estate, Las Vegas Commercial Development, Las Vegas Rental and Apartments, Mortgage and Financing, The Law 1 Comment »

Friday Figures for 6/5/2009

June 5, 2009

T.G.I.F., it’s Friday Figures! All information from the GLVAR MLS system. It’s everything you and your Realtor should know about Vegas real estate market conditions before touring, making an offer, or listing a home this weekend. Summary: Available inventory continues to drop, while median prices on on those listings remains stable (median prices overall dropped [...]

Posted in Las Vegas Real Estate, Vegas Life 4 Comments »

Who thinks this stuff up?

June 4, 2009

For some weeks we’ve all been trying to figure out how, exactly, the powers that be were going to implement using the first time buyers tax credit as a downpayment. The answer is they won’t. From a CNN editorial: “Seems there was plenty of push back that allowing borrowers to land a mortgage without any ‘skin [...]

Posted in Distressed Property Comments Off