Bloomberg Businessweek says “Distressed Homes Sell at 26% Discount in U.S. as Supply Swells.” CNN says “Foreclosures sell at 26% discount.” CNN at least clarifies things by telling us: They sold for about 26% less than non-foreclosed homes, compared to 35% less in the first quarter. A little more than half of these deals were [...]
You are probably aware that some time back, Scott Whitney invited me to start cross-posting my weekly Vegas real estate summary — Friday Figures — to the Living in Las Vegas Blog and Podcast. About a month or so ago he wanted to talk to me about his super-secret new project. Well, the project has [...]
Welcome to Friday Figures! All information from the GLVAR MLS system. Be sure to read this before touring, listing, or making a purchase offer in the Las Vegas Valley this weekend! Summary: Available listings climbed once more to 15326; it was no surprise that most of the jump was in distressed properties. There was also [...]
Perhaps you remember Friday I mentioned that I was a bit nervous about the fact that median price of an available single family home had dropped $25,000 since spring. Yesterday, I learned that I should be looking at it from another angle altogether. It’s pretty obvious that home prices have dropped since buyers can no [...]
It is time once more for Friday Figures! All information from the GLVAR MLS system. Anybody who is planning on touring, listing, or making a purchase offer in the Las Vegas Valley this weekend should read this before they get started! Summary: We’re up to 15042 available units, so the rate of increase is slowing [...]
Alright, this week we learned that August had record high foreclosures — and we are talking about the very final stage of the foreclosure, where the bank takes over the property. This number is up 25% from last year. One fact that is getting overlooked is that this data has only been tracked since 2005. [...]
Welcome to Friday Figures! All information from the GLVAR MLS system. Touring, listing, or making a purchase offer in the Las Vegas Valley this weekend? Read this first! Summary: At 14937 available units, we’re at crunch time: does that number continue to go up by 200-300 every week, or does it level off and stay [...]
Nevada state law does require new residents to get Nevada plates within 30 days of moving here. However, it’s easy to let that slide in the madness of an interstate move. The Review-Journal reports that there’s a new hotline designed to catch people who haven’t gotten that little chore handled in a timely fashion. In [...]
Thanks for reading Friday Figures! All information from the GLVAR MLS system. This is critical data you and your Realtor need to know before touring, listing, or making a purchase offer in the Las Vegas Valley this weekend. Summary: We’re up to 14705 listings available. Once again, there was a rise in the number properties [...]
USA Today put the news very succinctly: “Home prices rise in 17 cities in June; gains not expected to last.” In fact, nationwide prices were up 3.6% over last year. It is important to point out that the rise was at least partly due to the home buyers tax credit. There is no point in [...]
