Happy Nevada Day, and thank you for dropping by to read Friday Figures! All information from the GLVAR MLS system. If you are touring, making offers, or listing property this weekend in the Las Vegas Valley, please read this first! Summary: Available listings held steady at a total of just under 11,000. Bank owned listings [...]

More courts are getting picky about mortgage documents when considering judicial foreclosures and bankruptcies. And it isn’t just state courts either; now at least one federal court is in on the action. More federal judges will have a chance to rule on these issues as a part of bankruptcy proceedings. It will be interesting to [...]

It’s easy to be enthusiastic about our local market when we’ve had steadily declining availability and steadily rising pending sales for months. The fact that our prices are now stable is even more encouraging, although some sources think that the Feds have effectively raised house prices by about 5%. I am starting to see signs [...]

Thank you for dropping by to read Friday Figures! All information from the GLVAR MLS system. Are you are touring, making offers, or listing property this weekend in the Las Vegas Valley? Read this first! Summary: As much as I hate to repeat myself, available units are down yet again, now under 11,000. Pending sales [...]

The Obama Administration is talking about renewing the tax credit for first time home buyers. However, they want to see how much it’s going to cost before getting behind an actual proposal going in Congress. A version of the extension is already circulating as an amendment to other legislation. I can’t blame the President and [...]

Welcome to Friday Figures! All information from the GLVAR MLS system. This is what you need to know if you are touring, making offers, or listing property this weekend in the Las Vegas Valley. Summary: Available units continue to edge down to 11014 — a far cry from the 20581 we had available in October [...]

Considering buying your first home? You wouldn’t be the only one. Before you get too engrossed by those listings over at Realtor.com, go ahead and look at this Business Week piece on figuring how much house you can afford. Remember, those methods will only give you a rough calculation. To really get an exact figure, [...]

Thanks for taking the time for Friday Figures! All information from the GLVAR MLS system. If you are touring, making offers, or listing property this weekend in the Las Vegas Valley, read this first. Summary: Amazingly enough, available units dropped further to 11192. While prices of single family homes are stable (and homes in all [...]

The San Francisco Chronicle is noticing what I told you some time ago: some banks are insisting on an additional credit check or an additional mortgage pre-qualification if you want to buy their foreclosed homes. In an environment where multiple offers are the norm, a buyer might end up needing 3 or 4 pre-qualifications, often [...]

Over the last couple of weeks, a huge mortgage and foreclosure story has been slowly developing. You’ve probably already heard about judges throwing out foreclosure cases because the banks didn’t have their documents in order. One judge in Kansas made a ruling that could — if upheld on the Federal level — invalidate the mortgages [...]