June 25, 2010
It’s Friday again?? Time for Friday Figures! All information from the GLVAR MLS system. Here’s what you and your Realtor should know before touring, listing, or making a purchase offer on a home this weekend! No no hyping the good parts, no glossing over the bad parts, just solid data. Summary: Available inventory climbed again [...]
Tags: Fannie Mae, Friday Figures, Home Buyers Tax Credit, KB Homes
Posted in Las Vegas Real Estate
June 23, 2010
This post from the BondDad blog really says it all, with plenty of charts to support his position. I really recommend it. Don’t forget that we won’t really be done with the housing crisis until we have dealt with Fannie and Freddie, who together own more foreclosed properties than there are homes in Seattle. May [...]
Tags: Fannie Mae, Freddie Mac, HAFA, HAMP, home sales, housing statistics, judicial foreclosure
Posted in General Real Estate
June 18, 2010
Thanks for reading Friday Figures! All information from the GLVAR MLS system. This is the real data with no spin you and your Realtor should know before touring, listing, or making a purchase offer on a home this weekend! Summary: Available listings were up again to 11495, a substantial jump from last week and a [...]
Tags: Friday Figures
Posted in Las Vegas Real Estate
June 15, 2010
The good news is that property values (nationwide) are stable! The bad news is that mortgage debt is falling. Why is that bad news? It’s not that we are paying down our mortgages, but rather because banks are taking losses when they accept short sales, principal reductions, and when they foreclose. Some experts say we [...]
Tags: FHA, FHA financing, Home Buyers Tax Credit, housing recovery, housing trends, mortgage equity, property values, Senator Harry Reid, shadow inventory
Posted in General Real Estate
June 11, 2010
Once again it’s time for Friday Figures! All information from the GLVAR MLS system. This is the real data with no spin you and your Realtor should know before touring, listing, or making a purchase offer on a home this weekend! Summary: Available units edged up to 11087 while median prices were down notably for [...]
Tags: Friday Figures
Posted in Las Vegas Real Estate
June 10, 2010
According to Freddie Mac, mortgage interest rates are flirting with all time lows. For people with decent credit, a decent job, and some cash in the bank, that makes it a great time to consider your options. Your cost to borrow money is low, and that is certainly a factor to consider in the “rent [...]
Tags: foreclosures, Mortgage Applications, mortgage rates
Posted in Distressed Property, Mortgage and Financing, Nevada
June 5, 2010
Prof tells us it’s going to be at Las Vegas Blvd and Harmon, near CityCenter. Anchoring will be the Strip’s 4th Walgreens, providing not only prescriptions but also cheap souvenirs, bottled water, and sundries. Walgreens won’t be the only retailer in the 3 story, $25,000,000 project, but it will take 100,000 square feet — 1100 [...]
Tags: commercial development, The Strip, Walgreens
Posted in Las Vegas Commercial Development
June 4, 2010
Another Friday, another Friday Figures! All information from the GLVAR MLS system. Here’s what you and your Realtor should know before touring, listing, or making a purchase offer on a home this weekend! Summary: Available units just barely rose to 10888, so it does seem likely that we will remain near this “stable” point for [...]
Tags: Friday Figures
Posted in Las Vegas Real Estate
June 3, 2010
Clark County has proposed some big changes to the rules for pet owners. The new rules seem to be targeted at ensuring responsible pet ownership as well as cracking down on “puppy mills” and “crazy cat ladies.” The County Commission will be voting on these and other new rules later this month [Source: LVRJ]: Those [...]
Tags: pets
Posted in The Law, Vegas Life
June 1, 2010
Many thanks to Stanley Popovich for this insightful article for any home buyer or seller! I am so glad Stan approached me about putting it here. The biggest transaction most people are likely to have is their home — which means there’s an emotional investment to go along with the monetary investment. This article will [...]
Tags: buyers, sellers, stress
Posted in General Real Estate