Both the good news and the bad news comes complete with pictures. I’ll start with the good news. Even the Case-Shiller figures indicate that housing prices nationally are stabilizing. Vegas is the two lines at the bottom. Part of this is generally thought to be due to the tax credit for first time buyers, which will be [...]
It’s time for Friday Figures! All information from the GLVAR MLS system. This is what you and your Realtor need to know when touring, making offers, or listing property this weekend in the Las Vegas Valley. Summary: Total available units dropped insignificantly to 11575. Of note is the decline in prices on non-distressed properties. These owners [...]
I am a real estate professional and homeowner in Las Vegas, NV. As you surely know, Vegas has been hard hit by foreclosures. We continue to have a high number of foreclosures in process and a substantial number of bank-owned homes available in our local real estate market. All the major banks and mortgage servicers [...]
Thanks for reading Friday Figures! All information from the GLVAR MLS system. It’s what you and your Realtor need to know when touring, making offers, or listing property this weekend in the Las Vegas Valley. Summary: Available inventory continues to slowly decline to 11687 units and pending sales continue to rise. However, well over half of [...]
The FDIC is ordering the liquidation of properties held by Corus Bankshares, which the FDIC took over last week. Corus lent a lot of money to condo developers locally: Other local projects [besides One Las Vegas and Streamline Towers] financed by Corus include Meridian ($111.3 million), Platinum ($87.6 million), Loft 5 ($56.5 million), Juhl ($106.2 [...]
With the Treasury predicting that millions more foreclosures are coming, it is clear that the markets will be dominated by the banks for some years to come. While foreclosure filings are up month-over-month, they are thankfully slightly down over last year. No surprise that Nevada has the most foreclosures, although an 8% drop from last [...]
It’s that time again! Welcome to Friday Figures! All information from the GLVAR MLS system. This is the real data you and your Realtor need to know when touring, making offers, or listing property this weekend. Summary: We’ve dropped to 11922 total available units, under the 12,000 mark! Unfortunately, the number of contingent and pending properties [...]
The mortgage crisis won’t be over until the unemployment problem, job creation problem, and wages-not-keeping-up-with-inflation problems are solved. And until the mortgage crisis is completely worked through, there is no chance of completely fixing our banking crisis. The banking in turn is impeding job creation (and therefore impacting unemployment) by making it difficult for businesses [...]
