Welcome to Friday Figures! All information from the GLVAR MLS system. This is the no-spin data you need to know before touring, listing, or making a purchase offer this weekend. Summary: We’re up to 13261 available houses, condos, and townhomes. I fully expect that we will have 15000 before the end of the year, particularly [...]

To be brutally honest, I don’t think things are as bleak as the nice people from the Huffington Post would have you believe. And I find their closing example insulting: a man who just can’t find people to sell fire extinguishers door to door in the desert heat in the middle of summer for what [...]

Thanks for reading Friday Figures! All information from the GLVAR MLS system. Here’s what you really need to know before touring, listing, or making a purchase offer this weekend. Summary: We’re up to 12960 available units, just under 13,000 and about a 30% increase from the low we set earlier this year. No surprise that [...]

The headline over at the New York Times is “Seeking a Mortgage? Don’t Get Pregnant“. Over at CNBC, the same article is called “Need a Mortgage? Don’t Get Pregnant.” The gist is that if you are expecting or on maternity leave, you aren’t getting a mortgage because their “income has temporarily fallen while they are [...]

Once again it’s time for reading Friday Figures! All information from the GLVAR MLS system. Touring, listing, or making a purchase offer this weekend? Read this first! Summary: Available units rose again, this time to 12521, and median price on single family homes dropped and median time on market rose by a day. The number [...]

Like all Realtors, there are a few niches and neighborhoods that I specifically track. What I am seeing in these micro-markets isn’t particularly pretty. I’ve noticed a bunch of listings fall out of contingent status and become available again — usually with a hefty price cut. While I am not party to these listings, often [...]

Thanks for reading Friday Figures! All information from the GLVAR MLS system. Here’s the real scoop that you and your Realtor need to know before touring, listing, or making a purchase offer this weekend. Summary: The number of properties for sale rose yet again to 12,266. We are seeing clear signs of fewer buyers now [...]

Office vacancies are up to a 17 year high at 17.4%. Obviously, a quick look at inventory will show you that some buildings have higher occupancy than others, and that the usual factors are at play — price, location, lease terms. That building in poor repair, or with unreasonably high rents and other costs, or [...]

Welcome to Friday Figures! And a very special welcome to all the new readers at LivinginLV.com! All information from the GLVAR MLS system. Friday Figures is real information on the Las Vegas real estate market, and the no-nonsense numbers you and your Realtor need to know before touring, listing, or making a purchase offer on [...]

FHA financing has become very popular over the last few years, as it allows buyers to put as little as 3.5% of the purchase price as a downpayment. But many people don’t consider FHA financing because they think there are income limitations, or that they are only for first time buyers. That’s why I would [...]