las vegas short sales: Oh No! Not Another "Tax Credit Has Been Extended and Expanded" (for Las Vegas Real Estate) Blog Post!!! - 11/17/09 09:34 PM
I made over 200 comments on blog posts this past weekend and there sure are a lot of these posts out here! I am shouting it from the rooftops - NOT TO WAIT THIS TIME. With the expiration of the last one looming to be in contract on Nov 1 and … (14 comments)
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las vegas short sales: Las Vegas, NV Area Short Sale October 2009 Inventory Update - 11/16/09 07:16 AM
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption is moving to the stable market territory at only 6.5 months of inventory. Solds have FINALLY gone from hovering the 200 unit mark and went over the 500 mark. I see improvement in this sector! Inventory has decreased (-116 units). Pending units have increased by … (8 comments)
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las vegas short sales: 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 short sales: 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 short sales: 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 … (3 comments)
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las vegas short sales: Las Vegas Condo For Sale *NEAR STRIP*! - 10/26/09 07:48 AM
Condo Near Las Vegas Strip!Location: Meridian at Hughes Center1 Bedroom Condo For Sale Near Las Vegas Strip! Community Amenities Galore! View Community Virtual Tour: http://www.realestateshows.com/443397FeaturesBedrooms: 1Bathrooms: 1Year Built: 1992Subdivision: Meridian at Hughes CenterLocated on Floor #: 3Floors in Bldg: 5School District: CCSDSquare Footage: 727Agent Name: Renee BurrowsBroker: Encore Realty GroupMLS #: … (6 comments)
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las vegas short sales: 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 short sales: 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 short sales: Las Vegas, NV Area Short Sale September 2009 Inventory Update - 10/19/09 06:47 AM
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption is moving to the stable market territory at only 7.8 months of inventory. Solds have FINALLY gone from hovering the 200 unit mark and went over the 500 mark. I see improvement in this sector! Inventory has decreased (-127 units). Pending units have increased … (5 comments)
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las vegas short sales: Summerlin Pool Home For Sale! - 10/16/09 03:41 PM
Summerlin Pool HomeLocation: Canyon Oaks (Summerlin)Spiral Staircase, Built in Murphy Bed in Secondary Room, Tile Floors, Two Tone Paint, Granite Countertops, Plantation Shutters, Intercom, Surround Sound, 3 (count em, THREE!) Fireplaces. Private Backyard Oasis Features: Pool, Spa, mature Landscaping and Built In BBQ. For more pictures/virtual tour go to: www.ReneeBurrows.com/2020InformationContact Information … (5 comments)
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las vegas short sales: Welcome Home To Near-Strip Las Vegas Communities: Meridian Condos - 10/09/09 06:43 PM
Meridian Condominiums is a guard gated community located less than a mile from the world famous "Las Vegas Strip"!
Just Minutes from the Las Vegas Strip: The Meridian is close to world class Dining, Shopping, Entertainment, Night Life and FUN. It is also close to UNLV.
Amenities include a Clubhouse, Gym, … (6 comments)
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las vegas short sales: 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 short sales: 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 short sales: 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 short sales: 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 short sales: 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 short sales: Las Vegas NV Area August 2009 Home Sales and Listings by Type - 09/22/09 01:59 PM
Las Vegas Area September 15, 2009 Active Listings by Type
REO: 2379 (22%)
Short Sale: 4718 (43%)
All Other: 3921 (35%)
August 2009 Sales by Type:
REO: 2874 (72%)
Short Sale: 491 (12%)
Other: 627 (16%)
This is just a guide for consumers to see what types of properties are closing vs what is … (7 comments)
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las vegas short sales: 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 short sales: Mountain's Edge August 2009 Real Estate Resale Market Report (Homes For Sale/Pending/Sold) - 09/16/09 06:53 AM
Mountain's Edge August 2009 Real Estate Resale Market Report:
Listings (8/152009): 176
Under Contract (8/15/2009): 359
Sold July 2009: 63
Month's Inventory: 2.8
Since Last Month: Listings are DOWN -6, Pendings are UP +2-, Sales are DOWN -16
Last Month's Mountain's Edge Real Estate Market Report
Mountain's Edge is a newer community so many of … (9 comments)
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las vegas short sales: Las Vegas, NV Area Short Sale August 2009 Inventory Update - 09/15/09 05:05 PM
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption still remains high BUT has recently moved under 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! Inventory has decreased (-84 units). Pending … (16 comments)
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