economy: Hmmmm....gotta look at contingents and pendings too... - 02/25/08 11:13 PM
After posting my latest blog, I popped over and read Renee Burrows' latest blog (I have much respect for her opinion) and she made note of the increase in pendings. So I took another look at my stats and WOW! My stats are a snapshot, and the "snapshot" from 4 Feb … (3 comments)
economy: Here are the numbers...what do YOU see? - 02/25/08 10:24 PM
Well, I've been blogging (somewhat inconsistently) and sharing the stats that I watch since about November. Since I have about eight or nine people that watch the stats I post, I want to ask you if you see what I see, or am I just being blindly positive about my future … (3 comments)
economy: Don't be fooled... - 12/20/07 03:43 AM
Wow, it's been over two weeks since I've posted a blog. Well, I apologize to all three of you that subscribe to my blog. Seriously, I only have three subscribers. Can't say that I blame you. I'm not too consistent at posting my stats. Fortunately, it's because I've been extremely busy! So, I'm not … (0 comments)
economy: A Little Later than Normal... - 11/19/07 09:05 AM
OK, I'm getting slack on you guys! I was at a conference early last week and that put me behind the power curve for the rest of the week! Wow, I really didn't think that not being here would set me back so much! Anyway, here are your numbers for this week, … (6 comments)
economy: REO numbers for Nevada - 11/04/07 08:08 PM
For those of you that are interested, here are a couple REO stats from September. From Sept 1, 07 to Sept 30, 07 the REO inventory in Nevada went from 597 to 738. That equates to a 23.62% increase in REO inventory over the 30 days of September. Is this going to be … (2 comments)
economy: The Numbers Are In!!! - 11/03/07 01:27 AM
Here are your Las Vegas numbers for this week. SFRs, condos and townhomes on the market (only EA or ER) - 27,650 Number contingent or pending - 2206 Number vacant - 13221 Number sold in last 30 days - 1173 Number of REOs - 1896 (estimated) Number of short sales - 3896 And what do these numbers … (8 comments)
economy: So...We don't Agree... - 10/29/07 10:50 PM
My team meets every monday morning at 8:00 for our "Focus Group" meeting. We do this to share ideas, set goals and get our week off to a productive start. Among the many topics we discussed this morning was the crystal ball prediction. My friend and one of my fellow teammates … (6 comments)
economy: What will help the Las Vegas Housing Market? - 10/26/07 01:52 AM
Well...I believe that time is going to be the remedy for our housing market. But, if we were in any other city, I think the outlook would be far more dismal. The tremendous growth and popularity of Las Vegas has kept us from have a real housing market "crash". We have … (2 comments)
economy: Las Vegas Real Estate, Market Update - 10/18/07 11:53 PM
Something for you to chew on, going into the weekend...As of today, Oct 18, 2007, 9:30 pm, PST :) there are 28,239 SFR, condos and townhomes on the market. This equates to a 21.7 month inventory at the current absorption rate. Of those homes on the market (EA or ER), we have a … (2 comments)
economy: Short sale and repo properties...their affect on the market - 10/17/07 12:50 AM
There are currently over 28,000 single family residences, condos and townhomes on the market in Las Vegas as of today. With over 7,000 of those properties being short sales, in foreclosure or REOs, 25% of our inventory is comprised of distressed properties. Of course these numbers are higher in some areas … (10 comments)
economy: Las Vegas Real Estate Market - 10/16/07 07:06 PM
As many of you know through the media or word-of-mouth, the mortgage industry is in turmoil. According to a recent report on MSNBC, so far this year there have been over one million, that's 1,000,000 foreclosures in the United States through October 1. And, they expect that number to reach 1.7 million by … (4 comments)
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After posting my latest blog, I popped over and read Renee Burrows' latest blog (I have much respect for her opinion) and she made note of the increase in pendings. So I took another look at my stats and WOW! My stats are a snapshot, and the "snapshot" from 4 Feb … (3 comments)
