It’s Friday again?? That must mean it’s time for Friday Figures! All information from the GLVAR MLS system. Here’s the no-spin real data that you need to know before before touring, listing, or making a purchase offer in the Las Vegas Valley this weekend! You can also watch me talk about them live on the [...]
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 [...]
Let me start with the good news. Foreclosure filings across the nation are down 10% from last year. Default notices have been declining for 6 months on a year-over-year basis. Filings were down in Nevada by 30% from last year, but we’re still the top state for foreclosure filings for the 43rd straight month. One [...]
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 [...]
Once a buyer and seller agree on the terms of selling real estate, the “escrow period” begins. Usually a deposit is placed with a title company. While the buyer gets things like inspections and HOA documents to look over, the mortgage people start working on their paperwork, and a mysterious “escrow officer” begins a very [...]
With the Treasury predicting that millions more foreclosures are coming, it is clear that the markets will be dominated by the banks for some years to come. While foreclosure filings are up month-over-month, they are thankfully slightly down over last year. No surprise that Nevada has the most foreclosures, although an 8% drop from last [...]
Many newer communities across the nation have homeowners associations (HOA), landscape maintenance associations (LMA), or some other type of Common Interest Community (CIC). For some years, Nevada has required that buyers in any sort of CIC get a chance to inspect the rules before buying. It’s only fair, because these rules restrict the way owners [...]
First, from the “I sure hope so” files, we have the prospect of a high-speed train between Vegas and Los Angeles. The Governor of Nevada is asking President-Elect Obama to consider it for part of his stimulus plan. The Governors of both Nevada and California endorse the plan. I think it’s a great idea that [...]
I’ve been hearing a lot of ads on the radio lately for a website called RentalForeclosure.com. The ad does tell the truth about tenant’s rights during a foreclosure: the tenant has very few rights. Nevada does have a loophole for those (rare) cases when the tenant’s lease pre-dates the landlord’s mortgage. It also appears that [...]
UPDATE: Many thanks to the House of Representatives for making almost everything below obsolete by defeating the bill. Since some reincarnation of it is almost certain to ensue, it’s still a good idea to let your Congresscritters know what you think. Here’s some ideas about what the bill should say. It is worth noting that [...]
