RECENT BLOG POSTS
I am tired of objections. This chart should be like a 2 year old playing hide and go seek and hiding OBVIOUSLY OUT IN THE OPEN! There are too many fallacies out on the blogosphere. Lots of amateurs who think they know what is going on here. Can you see it in the chart? Where is the inventor...
08/28/2009
Coronado Ranch July 2009 Real Estate Resale Market Report: Listings (8/15/2009): 24 Under Contract (8/15/2009): 72 Sold July 2009: 12 Month's Inventory: 2 Since Last Month: Listings are DOWN -6, Pendings are UP +11, Solds are DOWN -6 Las Month's Coronado Ranch Market Update To View Other L...
08/28/2009
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Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved. William Jennings BryanUS lawyer, orator, & politician (1860 - 1925)
08/24/2009
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Las Vegas Area Seller or Transaction Category (#6 in a series): The Trustee's Sale A Trustee's Sale is a type of Sale. A Trustee's Sale is technically the "foreclosure sale". This is the final action in a foreclosure where the home goes "back to the bank." OR DOES IT? Not necessarily as the p...
08/23/2009
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Las Vegas Area Seller or Transaction Category #5: The "Flip" This is part 5 in a series describing different types of sellers and transactions in the Las Vegas Area market. The "Flipper" is a type of seller. To "Flip" means that the property was recently purchased (at a discount) and is qui...
08/23/2009
Nevada Trails July 2009 Real Estate Resale Market Report: Listings (8/15/2009): 18 Under Contract (8/15/2009): 52 Sold July 2009: 7 Month's Inventory: 1.9 Since Last Month: Listings are DOWN -1, Pendings are UP +14, Sales are DOWN -3. Last Month's Nevada Trails Market Report Click here for...
08/23/2009
Economic Conditions for the Las Vegas Valley July 2009 Housing Conditions: Foreclosure/Short Sale Listings (8/15/2009): Total Listings 11568; Short Sales: 4802, 41.5% of all listings; Bank Owned Listings: 2649, 22.9% of all listings. Short sale and REO listings consume 64.4% of total listings ...
08/23/2009
This is part 4 in a series describing different types of sellers and transactions in the Las Vegas Area market. Lis Pendens is a title deficiency that prevents a home sale so I am going to call this a type of seller. More specifically, it is a seller contingency. In some states, a Lis Pendens...
08/19/2009
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement for June 2009. Absorption still remains high BUT is hovering around the 1 year mark. Solds have FINALLY gone from hovering the 200 unit mark and went over the 400 mark. I see improvement in this sector! Inve...
08/19/2009
Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. ...
08/19/2009