In other news: critics don’t think the foreclosure fraud settlement goes far enough (no kidding); Morgan Stanley is being sued for allegedly luring customers into HAMP programs they knew they weren’t going to approve; the Census shows we’re the most vacant city in the nation but how are they counting vacant units?; we’ve got a [...]
It’s that time again: time for Friday Figures! All information from the GLVAR MLS system. Here’s the facts and useful information you and your Realtor must know before touring, making an offer, or preparing a listing this weekend. You can see me tell you about the figures live on Getting REAL (Estate) in Vegas on [...]
The Washington Post isn’t the only place where people have noticed that despite the current economy, people are not in a position to just up and move to a new city in hopes of better opportunities: Many economists believe that a significant number of workers will have to move before the employment picture substantially improves. [...]
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 [...]
The good news is that a major national employer is adding 600 jobs in the Las Vegas Valley. The bad news is that the major employer is McDonald’s. Just a reminder, McDonald’s doesn’t hire on a whim. They only hire when they need people. That means they have faith that our local economy is turning [...]
President Obama is scheduled to arrive in Vegas tomorrow night. It is unclear whether he plans to meet with local officials, or apologize for his most recent round of Vegas-bashing. It’s probably a good bet he’ll say what a swell guy Senator Reid is. I wonder if anyone is taking odds on that. Since the [...]
The Obama Administration is talking about renewing the tax credit for first time home buyers. However, they want to see how much it’s going to cost before getting behind an actual proposal going in Congress. A version of the extension is already circulating as an amendment to other legislation. I can’t blame the President and [...]
The nice people at Calculated Risk have done a nice job of putting together everything that’s wrong here in Vegas. Meanwhile, Bigger Pockets points out that although our sales are way up, our real estate market is dominated by bank owned properties and short sales. In his words, “pity the retail seller“! It is still [...]
Now we have an outline of the President’s high speed rail plans. This is a clarification of the money set aside for rail in the recent stimulus bill. High speed rail is used in Europe and Asia, and there is no reason we can’t learn a lot from what they did to improve upon it. [...]
Yahoo and the Human Capital Institute asked “Imagine you were offered a dream job that required you to relocate to your favorite city. Which city would it be? And why?” Scroll down to see how Vegas fared: Affordability, which was No. 4 in last year’s list, is now the second-most important attribute workers consider before [...]
