I’m so glad you dropped by to read Friday Figures! All information from the GLVAR MLS system. Here is what you and your Realtor need to know when touring, making offers, or listing property this weekend. Summary: Amazingly, available inventory continues to drop and contingent/pending sales continue to rise, with stable prices. This is despite [...]

see more Funny Graphs Granted, they are quite late to the party, but The Market Oracle is talking about Fannie Mae and Freddie Mac’s role in the housing bubble (and therefore the housing collapse that came afterwards). Don’t even think about trying to fraudulently claim the first time buyer’s tax credit. The IRS is looking [...]

It’s time once more for Friday Figures! All information from the GLVAR MLS system. If you plan on touring, making an offer, or listing a home in the Las Vegas Valley this weekend, this is what you and your Realtor need to know. Summary: Available inventory continues, amazingly, to decline while prices of single family [...]

Welcome (or welcome back) to Friday Figures! All information from the GLVAR MLS system. This is the state of the local real estate market right now, and what you and your Realtor need to know before touring, making an offer, or listing a home in the Las Vegas Valley this weekend. Summary: Available listings continue [...]

When I am screening listings for my clients, there are a number of things I look at. When buyers are on a tight schedule, I don’t include short sales, because there is no telling if or when they will close. Unless my client is a licensed contractor, I don’t send listings that have warnings about [...]

Yesterday’s Las Vegas Review Journal featured an item on communities that stopped or scaled back development partway through, resulting in “stranded” homeowners who must contend with abandoned construction sites, fewer businesses and services nearby than they expected, and property values damaged as a result. This isn’t just happening in isolated subdivisions, it’s happening in huge [...]

Thank you for taking the time to read Friday Figures! All information from the GLVAR MLS system. Here is 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: Not everything is doom and gloom in our [...]

The foreclosure problem is has been so bad here that Las Vegas, North Las Vegas, Henderson, and Clark County are teaming up to best get and use Federal stimulus money. People who signed up to buy condos in the City Center project are not very happy right now. They bought near the top of the [...]

Welcome to this week’s Friday Figures! All information from the GLVAR MLS system. This is critical information that 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: With just barely over 13,000 units for sale and fewer [...]

Yesterday, the Obama Administration announced that the mortgage rescue program would now allow homeowners to refinance up to 125% of property value, up from 105%. This is a welcome change, even though it won’t help everyone. Nothing has been done to address the slow pace at which banks are processing applications. This is an important [...]