las vegas foreclosures: Economic Conditions for the Las Vegas Valley October 2009 - 11/06/09 08:17 AM
Economic Conditions for the Las Vegas Valley September 2009
Housing Conditions:
Foreclosure/Short Sale Listings (10/15/2009): Total Listings 10371; Short Sales: 4591, 44% of all listings; Bank Owned Listings: 2144, 21% of all listings. Short sale and REO listings consume 65% of total listings
New Home Sales (September 2009, units sold): 422 Year … (10 comments)
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las vegas foreclosures: BREAKING NEWS- Tax Credit Will Be Renewed - 10/28/09 05:53 PM
For my buyers held up in short sales, there's hope. Cross your fingers that it passes!
Via Fred Glick (U S Spaces, Inc & U S Loans Mortgage LLC):
Harry Reid's office just confirmed these details:1) Sen Isakson, Dodd, Lieberman have agreed, and Senate Finance [Baucus and tax staff] have agreed to … (0 comments)
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las vegas foreclosures: Mountain's Edge September 2009 Real Estate Resale Market Report (Homes For Sale/Pending/Sold) - 10/28/09 07:33 AM
Mountain's Edge September 2009 Real Estate Resale Market Report:
Listings (10/15/2009): 159
Under Contract (10/15/2009): 357
Sold September 2009: 84
Month's Inventory: 1.8
Since Last Month: Listings are DOWN -17, Pendings are DOWN -2, Sales are UP +21
Last Month's Mountain's Edge Real Estate Market Report
Mountain's Edge is a newer community so many of … (2 comments)
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las vegas foreclosures: Las Vegas NV Area September 2009 Home Sales and Listings by Type - 10/25/09 08:08 PM
Las Vegas Area October 15, 2009 Active Listings by Type
REO: 2144 (21%)
Short Sale: 4591 (44%)
All Other: 3636 (35%)
September 2009 Sales by Type:
REO: 2869 (69%)
Short Sale: 592 (14%)
Other: 707 (17%)
This is just a guide for consumers to see what types of properties are closing vs … (2 comments)
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las vegas foreclosures: Attention Las Vegas Area REIT and Bulk Owners: Las Vegas Needs Some *SELLABLE* Inventory! - 10/20/09 08:18 PM
If you are an REIT (Real Estate Investment Trust) or bought bulk real estate owned properties and you find they are underperforming in the stagnating rental market, this is a must read!
As you can see a large percentage of Las Vegas listings are short sales:
Short Sales Take … (0 comments)
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las vegas foreclosures: Las Vegas NV Area September 2009 REO Inventory Update: Still Slim Pickins! - 10/15/09 04:39 PM
Inventory has fallen since last report (-235 units), Under Contracts have fallen (-202) units Closing data is DOWN at -5 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.
REO sales accounted for 69% of all Las Vegas Area Valley resale closings in September 2009. REO listings account for only 21% of … (5 comments)
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las vegas foreclosures: Did Las Vegas Area First Time Home Buyers Miss Out on the Tax Credit? - 10/07/09 05:49 PM
Probably is a nice & safe answer.
It IS possible but not highly probable. We live in a sity of gambling, risks and bets
Right now it is taking a good 45-60 days to close on a financed home in the Las Vegas Area. The guidelines for first time buyers that are eligible … (46 comments)
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las vegas foreclosures: Short Sales and Foreclosures in Orange County, CA - 10/07/09 02:50 PM
Very pertinent info for our market!
Via Christine Donovan Costa Mesa Real Estate Broker/Attorney 800-610-7253 DRE01267479 (Donovan Blatt Team - Donovan Group Realty):
Short Sales and Foreclosures in Orange County, CA
Perhaps you've heard the latest buzz words: "loan modification," "short sale," "Obama's plan," and you want to know … (0 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley September 2009 - 10/04/09 01:27 PM
Economic Conditions for the Las Vegas Valley August 2009
Housing Conditions:
Foreclosure/Short Sale Listings (9/15/2009): Total Listings 11018; Short Sales: 4718, 43% of all listings; Bank Owned Listings: 2379, 22% of all listings. Short sale and REO listings consume 65% of total listings
New Home Sales (August 2009, units sold): 396 Year … (3 comments)
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las vegas foreclosures: Las Vegas NV Area August 2009 REO Inventory Update: Not Much Out There (less than one month inventory!) - 10/04/09 01:12 PM
Inventory has fallen since last report (-270 units), Pendings have risen (+9) units Closing data is DOWN at -541 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.
REO sales accounted for 72% of all Las Vegas Area Valley resale closings in August 2009. REO listings account for only 22% of … (0 comments)
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las vegas foreclosures: Why Las Vegas Homeowners Should Care About Things That Go "Bump in the Night"? - 09/27/09 02:07 PM
To prevent loss of value on their OWN home.
And why should renters care? Maybe if they are buying or considering buying a home across town or in their own area, they should care if they are going to use financing to purchase their home.
Here is what is going on: … (11 comments)
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las vegas foreclosures: WHY Las Vegas Pendings Aren't Closing - 09/25/09 04:54 PM
I have had a good number of astute real estate professionals recently ask me "why aren't your pendings closing?" on my market reports!
Here is just a peek at some market reports for one specific area (June, July and August Respectively):
What you are seeing here is that the Pendings … (56 comments)
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las vegas foreclosures: Las Vegas, NV Area August 2009 Pendings Report: Inventory Still Going Down, Pendings Still Going UP! - 09/17/09 05:31 PM
The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year! Absorption for August 2009 is a seller's market @ 2.8 months of inventory (slight rise from last month, seeing some micros inch up with inventory!) Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets … (7 comments)
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las vegas foreclosures: Economic Conditions for the Las Vegas Valley August 2009 - 09/11/09 09:51 AM
Economic Conditions for the Las Vegas Valley August 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
New Home Sales (July 2009, units sold): 378 Year … (1 comments)
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las vegas foreclosures: Las Vegas Area First Time Home Buyers: How Far Will You Go For $8000? - 09/09/09 08:21 PM
Two of my favorite mortgage bloggers wrote some great articles that I want First Time Buyers in our area to check out and weigh their options:
Outsmart the Crowd: Skip the $8000 Tax Credit and Wait to Buy by Janet Guilbault
And the rebuttal:
So you think you outsmarted the crowd because you … (12 comments)
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las vegas foreclosures: Las Vegas NV Area July 2009 REO Inventory Update: Not Much Out There (less than one month inventory!) - 09/01/09 07:09 AM
Inventory has fallen since last report (-109 units), Pendings have dropped -239 units Closing data is DOWN at -115 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.
REO sales accounted for 75.1% of all Las Vegas Area Valley resale closings in June 2009. REO listings account for only 22.9% … (4 comments)
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las vegas foreclosures: Hello, I am a Representative For an Investment Group and We Are Interviewing Realtors Because We Want to Buy 100 Homes For Our Portfolio! - 08/27/09 08:54 PM
...........And they all need to be under $50K.
...........With VERY Little Rehab
First of all, there is ONLY something like 100 NON short sale SFRs that are active.
Second, I get these calls all the time. Late Winter/Early Spring is when they Sprung.
Third, I got three in the last 24 hours.
… (17 comments)
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las vegas foreclosures: Las Vegas Area Sellers and Sales (Transaction) Categories: Auctions (#7 in a series) - 08/26/09 04:04 PM
Las Vegas Area Seller or Transaction Category (#7 in a series): The Auction
Auction is a type of transaction or sale
Every real estate auction is different. To auction a property, generally means that there is a date set for bidding on the price of a property. Each Auction House has … (2 comments)
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las vegas foreclosures: OK KIDS! Let's Play Hide and Go Seek: Where is all that Las Vegas Real Estate Inventory? - 08/25/09 09:27 PM
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 … (15 comments)
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las vegas foreclosures: Las Vegas Area Sellers and Sales (Transaction) Categories: Trustee's Sales (#6 in a series) - 08/23/09 01:55 PM
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 … (6 comments)
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