I’ve been doing a weekly report of the Vegas real estate market for over a year now. This is the first in a new set of informational offerings. The month-end luxury housing report is likely to evolve to meet the needs of you and my clients, so please put your suggestions in the comments! Entry [...]
Not very long ago, it was common to have a second mortgage just to avoid private mortgage insurance. The first mortgage would be the traditional 80% of the purchase price. The second could be a conventional, ARM, or even HELOC for 10% or even 15% of the purchase price (MSN seems to think these are [...]
Once again it’s time for Friday Figures! Thanks for reading! All information from the GLVAR MLS system. Before touring, making an offer, or listing a home in the Las Vegas Valley this weekend, have a look at this. Summary: Available units continue to creep downwards, now at 10295! Will that number drop under 10000? Inventory [...]
Yesterday, Bank of America finally took a painful step regarding their mortgage portfolio. They realized that they are going to have to write down principal balances on some of them. B of A is the first “too big to fail” bank to take this step although some smaller institutions have already started doing this. Now, [...]
Welcome (or welcome back) to Friday Figures! All information from the GLVAR MLS system. Here is 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 inventory dropped just a little more to 10,562 units. To keep things in [...]
You may recall that some time ago I wrote about how important it is to re-key the locks on your new home after closing. This is even more important on bank owned homes because most of them are keyed to a “master” key. The Department of Housing and Urban Development is much like a bank [...]
Thank you for reading Friday Figures! All information from the GLVAR MLS system. This is critical data for anyone touring, making an offer, or listing a home in the Las Vegas Valley this weekend. Summary: Available listings dropped slightly to 10763, while prices remain stable and time on market dropped slightly. The early bird is [...]
It’s time once again for Friday Figures! All information from the GLVAR MLS system. This is critical data for anyone touring, making an offer, or listing a home in the Las Vegas Valley this weekend. Summary: Available listings are under the 11,000 mark at 10859, almost 200 less than at the beginning of last month, [...]
Lead poisoning is serious stuff, particularly for children under the age of 6. And sadly, children this age are more likely to come in contact with dust contaminated by lead simply by doing the things little kids do. HUD recommends a pretty rigorous cleaning regimen for older homes to minimize the risks of lead poisoning. [...]
