Real estate blog entries tagged with reo bundles by Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale)

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Home : Blogs : Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com : Las Vegas & Henderson, NV Real Estate Agent Musings : Tag "reo bundles"

reo bundles: Las Vegas, NV Valley High Rise Inventory Absorption Update January 2008: 3.9 Years! - 01/27/08 12:53 PM

We have seen the Las Vegas, NV high rise real estate market have a phenomenal (and scary) jump in inventory in the last several months. For several reasons:
Too many speculators in that market. They want to close n flip. They are not interested in holding, renting or living in them. Each time a building closes, we see an increase of inventory.Mortgage market madness has reduced the amount of loan products available to jumbo, second, vacation or investor type property owners. The ones who have very little money down and marginal credit, that is. So the buyer pool for both resales and … (2 comments)

reo bundles: Las Vegas, NV Foreclosure Listings: Pendings See No Signs of Slowdown - 01/20/08 08:38 PM

Pendings are still rising 6 weeks post Las Vegas Foreclosure auctions! Six weeks post we are looking at rising closings (+8 Units/one week) and pendings rose at a nice rate when I expected them to start leveling off (+51 Units/one week)! Yes we are seeing listings rise (+34 units/one week). With the auction homes starting to close, we should see this swing into a seller's market.
Here are current REO (bank owned, foreclosure) statistics:
Listings (1/20/2008): 2295Under Contract (1/20/2008): 700Sold (12/17/2007-1/17/2008): 299Month's Inventory: 7.7View last weeks stats here.
View Monthly stats here.
This is THE market to watch as it is sparking buyer's … (7 comments)

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Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com

Las Vegas, NV

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BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale

Address: 7854 W Sahara, Ste 110, Las Vegas, NV, 89117

Office Phone: (702) 966-2494 x 0

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