housing: 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)
housing: 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)
housing: Foreclosures!!! I know, they're nothing new, but here are new stats... - 11/15/07 11:38 PM
Nevada ranks number one again in the percentage of increase in foreclosures. Foreclosures for the third quarter of the calendar year were up 33.9% from the previous quarter and 212% over the previous year. I say we are NOT going to come out of this by Spring. Anybody care to wager? Just … (5 comments)
housing: The Window is Open!!! - 11/10/07 12:15 AM
Here are your Las Vegas numbers for this week. There seem to be a little disagreement on the way I calculate our months of inventory versus they way others do. But, regardless of how you calculate it, the window is open! IT'S TIME TO BUY, BUY, BUY, IN VEGAS AGAIN!!! Prices are almost … (8 comments)
housing: 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)
housing: 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)
housing: 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)
housing: Las Vegas Housing Market Update - 10/27/07 05:23 PM
Well, here are your Las Vegas Market numbers for today, as of October 27, 2007 @ 2:30 pm... SFR, condos and townhomes on the market - 28,169 Number vacant - 13,445 Number pending or contingent - 2225 Number sold in last 30 days - 1152 Number marked as short sales - 3852 Number … (3 comments)
housing: Crystal Ball Seminar - Las Vegas Housing Market - 10/27/07 03:38 PM
Wow, in my last post, on Oct 26, I gave a prediction on the housing market. Well, you may or may not believe this, but the following article from our local paper, the Las Vegas Review-Journal, talks about what Larry Murphy, President of SalesTraq, said at his "Crystal Ball" seminar on … (0 comments)
housing: 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)
housing: Las Vegas Real Estate Market Update - Do Vacant Properties Sell Faster? - 10/24/07 12:33 AM
Well folks, here are the numbers as of today...28,301 SFR, condos and townhomes on the market. It looks like a couple of us picked up some listings over the weekend! Great job!!! There are 2239 pending or contingent and 13,507 vacant. Now here's something interesting to note... Has anybody looked at this … (4 comments)
housing: 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)
housing: 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)
housing: 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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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)
