advice: As Time Passes, Shadow Inventory will be Sold off to Baby Boomers - 02/17/11 11:04 AM
Dear Readers,
So far, we have been very busy in 2011. Home prices have pretty much stabilized and have even gone up in some parts of the Las Vegas Valley. You can read more about this phenomenon in an article written by Hubble Smith in the Las Vegas Review Journal entitled:
Parts of the Las Vegas Valley see Home Prices Improve in 2010
So here is my Shadow Inventory Story and I'm sticking to it!
Many are under the impression that we are going to get multitude of homes in the Las Vegas Valley dumped onto the market that fall under … (1 comments)
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advice: Siena in Summerlin... One of the Best Communities in the Las Vegas Valley.! - 01/16/11 04:00 PM
I would like to introduce you to the Best Active Adult Living Community in the Las Vegas Valley. The name of this Community is Siena in Summerlin, a Master Planned Community located 12 miles West of the Las Vegas Strip. Siena also happens to be the Community that John & I have lived in for the past 9 years.
Now, you may think I'm being biased. I am! I show and sell Real Estate all over the Las Vegas Valley and here's why Siena stands out against the other Active Adult Living Communities.
Home prices run from around $120,000 for a … (0 comments)
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advice: The Las Vegas Valley will be a Welcome Destination for Baby Boomers to Retire - 01/02/11 06:33 PM
First off! John & I would like to wish you all a Happy New Year for 2011.We are already beginning to see an improvement in the economy reflected in the article this week by Buck Wargo in the Las Vegas Sun.
Report: Economy to see slight improvements through 2012
Another good sign is the amount of calls that we receiving from Baby Boomers, who we have been sending information to during the past 5 years, that have made appointments and are ready to come out and purchase a property.
Beginning yesterday, 10,000 Baby Boomers will begin retiring each day over the … (2 comments)
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advice: Positive Changes Already Surfacing for 2011 - 12/31/10 02:49 PM
There have been some positive changes coming out of the Las Vegas Valley Real Estate Market this past week and I didn't want to wait to share the following links with you.
GLVAR housing statistics show home sales, prices up in November
Report: Las Vegas economy gets sunnier
I'm not going to tell you that everything is going to rosy from here on out, but I will say that I haven't see headlines like this since the end of 2005.
Here is a link to my latest listings on Realtor.com. I just listed a couple of foreclosed side by side 1 … (0 comments)
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advice: Social Networking will "Help You Find Your Way Home" in the Las Vegas Valley - 10/03/10 04:47 AM
"Innovation- The Heart of the Knowledge Economy- Is Fundamentally Social." - Malcolm Gladwell.
This quote you see above seems fitting as we announce some changes we are making in our communications with our loyal readers and the people that follow us and that we follow on our Social Networks.
In the past, we have been marketing all of our properties on Realtor.com, RE/MAX.com and our website at MaryKennedyLasVegas.com. That strategy has worked out very well and we will continue in that direction.
In more recent months, we have been sending select targeted e-mails to both buyers and sellers. So far, those … (0 comments)
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advice: I'm just going to be about GOOD NEWS today! - 09/26/10 11:49 AM
Dear Reader,
I'm just going to be about GOOD NEWS today! As I finalize this letter its 70`F degrees here in Las Vegas. The high will be 104`F today. No wind and sunny. A nearly perfect day!
In a previous newsletter, I wrote that some home prices are beginning to increase here in the Las Vegas Valley. Here is a link to an article written by Buck Wargo in the Las Vegas Sun this past week.
"Some Home Prices Come Up as ZIPs with Largest Declines see Rebound"
Buck does a good job of explaining the current status of the … (2 comments)
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advice: Is the Poster Child for the Busted Housing Market coming Back to Life? - 09/12/10 09:58 AM
Is the Poster Child for the Busted Housing Market coming Back to Life?
(Let's look at the Big Picture!)
I'm passing along 2 articles today. The first one was published in the Las Vegas Review Journal last week by Lew Sichelman.
The Housing Scene: Average Home Prices Across Dip, Las Vegas Up Slightly
As I have said in previous letters, Las Vegas, now considered to be a large market by the Federal Housing Finance Agency, is beginning to see prices move up slightly (year over year) in homes valued from $100 to $249,000. Homes that are priced from $250,000 to … (4 comments)
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advice: Finally! Some Clarity to the Situation in the Las Vegas Valley - 08/22/10 06:59 PM
Finally! Some clarity to the situation!
I'm forwarding a link to a very well written article, by Frank Geary, published in today's Las Vegas Review Journal. The article is entitled:
IS THE HOMEOWNER HOME?: Who's living there? Owner-occupied houses decline in Clark County
The article does a really good job of telling us what's transpired during the past 6 years in this market, where we are today and, hopefully, where we are headed.
But, as usual, I can't help myself and have some comments, on the article, that I would like to share from the trenches because, Franks right, Foreclosures … (0 comments)
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advice: Economist: Las Vegas home prices to go up slightly in 2011?? Hmmm! - 08/11/10 07:12 PM
Las Vegas Home Prices to Increase
I have a Las Vegas Sun article, authored by Buck Wargo that I would like to share if you have not seen it yet. Click here--> Economist: Las Vegas home prices to go up slightly in '11
Wow! A bold prediction on Bucks part. As I wrote in an earlier e-mail, the Homes priced from $90,000 to $200,000 are stable and creeping up a bit.
The homes from $201,000 to $500,000 are really good buys and are not dropping like they were and there are some really good loan packages for them. Homes priced from … (1 comments)
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advice: Wow! Las Vegas Home Prices to Increase? Bold Prediction - 08/09/10 04:22 PM
Dear Reader,
Las Vegas Home Prices to Increase
I have a Las Vegas Sun article, authored by Buck Wargo that I would like to share if you have not seen it yet. Click here--> Economist: Las Vegas home prices to go up slightly in '11
Wow! A bold prediction on Bucks part. As I wrote in an earlier e-mail, the Homes priced from $90,000 to $200,000 are stable and creeping up a bit.
The homes from $201,000 to $500,000 are really good buys and are not dropping like they were and there are some really good loan packages for them. Homes … (0 comments)
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advice: Las Vegas Valley Real Estate Update from the Trenches 07/14/2010 - 07/14/10 05:36 PM
Summerlin Las Vegas News to Share
I have a Las Vegas Sun article, authored by Steve Green that I would like to share if you have not seen it yet.
Click here-à Land Plans Signal Growth in Summerlin
The good news is that it appears that Summerlin is headed for a growth spurt that many of us who work and live here have been waiting for. The bad news is that these projects are coming on the heels of a bankruptcy filing by General Growth Properties. So while these projects aren't finalized yet, I'm gratified that these kinds of discussions are … (0 comments)
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advice: The Wonderful World of Las Vegas Valley Short Sales and Additional Information - 06/07/10 08:43 PM
Dear Reader,
Wow! I haven't heard this line in awhile. "Forget Renting, it's now Cheaper to Buy in the Las Vegas Valley"
The line is also a link for you to click and print this article which appeared in the Las Vegas Review Journal. For those of you who don't take the print edition at home, this is a site to bookmark.
I'm also sending you another Las Vegas Review Journal Link called Housing in Southern NV. This link lists nearly all of the articles that have been written in the RJ about the Las Vegas Housing Market since the first … (0 comments)
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advice: The Truth About Las Vegas Short Sales From Ground Zero - 05/19/10 01:00 PM
When I interview and sign-up home owners to sell their property in a short sale the most asked question is: What is average time frame for an approval letter?
Answer: Three months seems to be the average, but it varies greatly from bank to bank and file to file. I have a real advantage in that, through my Real Estate Broker, RE/MAX Central in Las Vegas I'm able to work with Short-Sale Attorney Eric Earley and his team of negotiators at the Law Offices of Steven Serle (located in our Las Vegas location). When we get a good offer on … (1 comments)
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advice: It's Time to Hold Seminars on Short Sales for Homeowners that are "Underwater" - 04/26/10 02:07 PM
In a previous blog post, I wrote about how the Lenders are moving from foreclosure mentality towards a 3 step process to help homeowners:
Stay in their homes through loan modification or To short sell their homes if a loan modification will not work out. I also wrote about the sense of relief that homeowners feel when they realize that there is a chance for them to save their home or if they have to sell, there is a good chance that the lender will forgive the amount owed if the home sells for less than what's owed on the mortgage.
… (0 comments)
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advice: If You're Upside Down, Talk to Your Realtor about a Short Sale - 04/13/10 02:58 PM
New Federal Rules recently went into effect to make foreclosing on a property the "Last Resort" during these, rather challenging economic times. If a Loan Modification for the home owner will not work maybe a Short Sale will be the best option.
Short Sales can be stressful and a time-consuming process. But in many cases they will be necessary in order to get upside down home owners out from under their mortgage debt, especially with property values at their lowest point in years. By doing a short sale, these homeowners may be able to take a large bite out of the … (1 comments)
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advice: Las Vegas Market Update April 5, 2010 - 04/05/10 12:14 PM
I have inserted a link to the latest Las Vegas Real Estate Market Information. Please click on the link below to download and print this information.
Las Vegas Market Watch: Resale Home Inventory Update 03/29/2010
As you can see by the report, the number of short sales is escalating by a significant number. As a matter of fact, new federal rules to speed up the short sale selling process kick in today using the Home Affordable Foreclosure Alternatives Program.
This program is set up to streamline and speed up the process for short sale and deed-in-lieu-of-foreclosure transactions. In these types of … (0 comments)
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advice: A Couple of Good Articles on Las Vegas & Social Networking - 03/30/10 04:13 PM
I have a couple of good articles to share with you. Evidence that Las Vegas home prices may be on the bottom and the effect that the historic snowfalls may have on the Las Vegas Real Estate Market.
Click on the links below and make it a good week.
Analyst: Las Vegas home prices will increase 3 percent this year
In real estate, Las Vegas sitting pretty for weather-weary seniors
I have some Resale Home Inventory Numbers to share. Click on the link below to download & print out the PDF.
Market Watch: Las Vegas Valley Resale Home Inventory
Finally, we … (0 comments)
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advice: Introductions Mean Everything in the Las Vegas Real Estate Market - 08/16/09 07:26 PM
… (1 comments)
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advice: "Make Sure You See What's Inside The Book" - 06/16/09 03:37 PM
"My whole thing is don't judge a book by its cover." Cindy Margolis
I know, I know. You're not supposed to make snap judgments based on first appearances. That includes choosing dream homes by just driving by.
With all my experience, I've made a commitment to delivering RE/MAX Premier Service here in Las Vegas. That means I'm willing to use all my resources to search high and low for the "Just Right" properties to help newly relocated people find their home fast or I work with investors to find properties that will provide a good ROI for an individual or group. … (0 comments)
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advice: Introducing Dan Van Epp of the Van Epp Cos. "A National Real Estate Consulting Firm" - 05/24/09 04:28 PM
I was browsing through the May 2009 Issue of Vegas Magazine and ran across an Article written by Dan Van Epp entitled "TO BUY OR NOT TO BUY.... Is now the the time to get into the Real Estate Game? That's the Million-Dollar Question."
Dan is principal of The Van Epp Cos., a national Real Estate Consulting Firm and former President of the Howard Hughes Coproration. Van Epp oversaw the development of Summerlin, a Master Planned Community, which lies about 10 miles West of the Las Vegas Strip.
I also have some other links to other articles that Dan has written … (0 comments)
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