las vegas reo: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale April 2012 (includes Henderson & North Las Vegas) - 06/01/12 02:03 PM
Las Vegas Area REO Inventory has FALLEN since last report (-304 units), Under Contracts have FALLEN by (-303) units Closing data has FALLEN by (-332) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!
REO sales accounted for 39% of all Las Vegas Area Valley resale closings in April 2012. REO listings account for only 15% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (5/15/2012): 714 Under Contract (5/15/2012): 2191 … (5 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for March 2012 (includes Henderson & North Las Vegas) - 05/14/12 05:04 PM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (4 comments)
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las vegas reo: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale March 2012 (includes Henderson & North Las Vegas) - 04/18/12 05:43 AM
Las Vegas Area REO Inventory has FALLEN since last report (-217 units), Under Contracts have FALLEN by (-269) units Closing data has RISEN by (+189) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!
REO sales accounted for 43% of all Las Vegas Area Valley resale closings in March 2012. REO listings account for only 17% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (4/15/2012): 1018 Under Contract (4/15/2012): 2504 … (4 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for February 2012 (includes Henderson & North Las Vegas) - 04/15/12 11:49 AM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (0 comments)
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las vegas reo: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale February 2012 (includes Henderson & North Las Vegas) - 03/18/12 10:16 AM
Las Vegas Area REO Inventory has FALLEN since last report (-468 units), Under Contracts have FALLEN by (-62) units Closing data has FALLEN by (-33) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!
REO sales accounted for 44% of all Las Vegas Area Valley resale closings in February 2012. REO listings account for only 17% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (3/15/2012): 1235 Under Contract (3/15/2012): 2773 … (4 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for January 2012 (includes Henderson & North Las Vegas) - 03/17/12 03:50 PM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (2 comments)
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las vegas reo: 2012 Market Trends: Las Vegas Residential REO Inventory - 02/28/12 04:13 PM
Las Vegas 2012 Real Estate Market Trends: REO/Bank Owned Inventory
Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. My 2012 Las Vegas real estate market trends predictions will depend on several factors:
Steady interest rates Steady underwriting guidelines (LOL!) Current laws Current market conditions Las Vegas REO/Bank Owned Inventory has declined over several years. I believe much of this has to do with extreme high buyer activity, larger amounts of short sale … (9 comments)
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las vegas reo: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale January 2012 (includes Henderson & North Las Vegas) - 02/18/12 04:32 PM
Las Vegas Area REO Inventory has FALLEN since last report (-332 units), Under Contracts have RISEN by (+72) units Closing data has FALLEN by (-318) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!
REO sales accounted for 48% of all Las Vegas Area Valley resale closings in December 2011. REO listings account for only 20% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (2/15/2012): 1703 Under Contract (2/15/2012): 2835 Sold … (6 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for December 2011 (includes Henderson & North Las Vegas) - 02/12/12 02:33 PM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (5 comments)
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las vegas reo: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale December 2011 (includes Henderson & North Las Vegas) - 01/18/12 09:15 PM
Las Vegas Area REO Inventory has FALLEN since last report (-254 units), Under Contracts have FALLEN by (-311) units Closing data has RISEN by (+169) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!
REO sales accounted for 48% of all Las Vegas Area Valley resale closings in December 2011. REO listings account for only 20% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (1/15/2012): 2025 Under Contract (1/15/2012): 2763 Sold … (11 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for November 2011 (includes Henderson & North Las Vegas) - 01/13/12 10:20 AM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (8 comments)
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las vegas reo: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale November 2011 (includes Henderson & North Las Vegas) - 12/20/11 06:46 PM
Las Vegas Area REO Inventory has FALLEN since last report (-302 units), Under Contracts have FALLEN by (-109) units Closing data has FALLEN by (-79) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!
REO sales accounted for 48% of all Las Vegas Area Valley resale closings in October 2011. REO listings account for only 20% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (12/15/2011): 2279 Under Contract (12/15/2011): 3074 Sold … (7 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for October 2011 (includes Henderson & North Las Vegas) - 12/07/11 08:56 AM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (9 comments)
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las vegas reo: AB 284 - You would think the sky is falling here in Las Vegas! - 11/22/11 08:21 PM
Not really but it makes good press. The word on the streets is reactionary. Basically AB 284 addresses the issues of proper recordation of assignments & substitutions and also robosigning. Stuff that needs to be taken care of before close anyhow.
Here are some of the things I have heard from my peers about AB 284:
WE ARE AND/OR WILL RUN OUT OF INVENTORY! Shenanigans. We have been low on inventory since the first time buyer tax credit in 2009 and Las Vegas real estate inventory has been falling for the last 11 months in a row. If we go low on inventory it started … (9 comments)
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las vegas reo: Las Vegas NV Area REO Real Estate Market Report & Homes for Sale October 2011 (includes Henderson & North Las Vegas) - 11/17/11 08:46 PM
Las Vegas Area REO Inventory has FALLEN since last report (-144 units), Under Contracts have FALLEN by (-107) units Closing data has FALLEN by (-172) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.
REO sales accounted for 50% of all Las Vegas Area Valley resale closings in October 2011. REO listings account for only 21% of total resale listings.
Current Listed Bank Owned Statistics:
Listings (11/15/2011): 2581 Under Contract (11/15/2011): 3183 Sold October 2011: 1884 View Last Month's Report Here
For Most Current Las Vegas REO Inventory Market Report.
… (7 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for September 2011 (includes Henderson & North Las Vegas) - 11/10/11 12:38 PM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (6 comments)
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las vegas reo: So You Want to Buy a Las Vegas REO? - 11/06/11 09:30 PM
What is an REO?
An REO property is also commonly referred to as “bank owned” or “foreclosure” property.
The process for buying an REO in the Las Vegas Area can be frustrating and time consuming if the buyer is not properly mentally and emotionally prepared. The emotional ups and downs occur from the time you set your foot in the first house you look at all the way until the keys are handed to you. It is essential that you are working with a Lender, Real Estate Agent and Title company who understand communication is key so if something starts to go wrong, the problem can … (17 comments)
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las vegas reo: Are the HARP Bureaucrats Smoking HEMP? - 10/26/11 01:43 PM
Seems like the government bureaucrats who run HARP may be smoking a little HEMP. Or they may just be trying to help their fund raising buddies – the banks – again.
On Monday the president visited “ground zero” of this housing crisis and announced revisions to the HARP (refinance your upside down house) program. While it all sounds nice and sweet on the outside, it is pretty crunchy and stale on the inside.
Keep in mind I am not a lender. After reading the new guidelines it appears that yes, it may assist some more homeowners than it did before. Not everyone … (14 comments)
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las vegas reo: Las Vegas NV Area Pendings Report for September 2011 (includes Henderson & North Las Vegas) - 10/16/11 12:45 PM
Las Vegas Real Estate Inventory is seeing an unusually large amount of units closed for late summer. August almost broke records! Pendings went WAY up in September. 2011 proves to be an interesting year for Las Vegas Real Estate!
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (10/15/2011): 12590 Under Contract (10/15/2011): 13212 Sold September 2011: 3978 Short Sales:
47% of Listings 24% of Sales REO (Foreclosures, Bank Owned:)
22% of Listings 52% of Sales In One Month: Listings are DOWN -483 units, Contracted Listings DOWN -121 units, Sales are DOWN -585 … (0 comments)
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las vegas reo: Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for August 2011 (includes Henderson & North Las Vegas) - 10/08/11 01:15 PM
Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.
Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)
Condo financing is currently a … (5 comments)
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