las vegas: Bobbing around at the Bottom of the Las Vegas Real Estate Market. - 03/27/11 07:34 PM
Dear Reader,
We are currently, it seems, bobbing around on the bottom of the Las Vegas Valley Real Estate Market. One month our average sales price goes up as the number of units sold goes down. The next month, the number of homes units sold goes up while the average price goes down.
In a recent article, written by Hubble Smith at the Las Vegas Review Journal, we are told Economic Indicators are flat in Las Vegas compared to the rest of the nation, which is moving up. I don't know about you, but I'll take flat for the time being … (0 comments)
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las vegas: 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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las vegas: Is the Las Vegas Economy beginning to heal?? Some think so! - 11/14/10 03:28 PM
Dear Reader,
You may remember that the last blog I posted was after I thought I had a client scheduled for October 24, but it was really supposed to be the 31st and I wondered if this ever happened to you. There must have been something in my subject line to trigger opening because that e-mail has been opened and clicked more than any of the others I have sent.
In fact, my readership numbers have been steadily increasing for the past year and I want to THANK all of you who read. My goal is to organize information about the … (2 comments)
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las vegas: Does that ever happen to you??? - 10/25/10 12:36 PM
I scheduled myself to meet a client at the office this morning at 10:00 AM. So I was up early to:
Pull the updated property list of properties we were going to look at. Arrange the properties in showing order to be most efficient with our time. Have breakfast with John, my husband. So its 9:34 AM, I'm just ready to leave and I go to my calendar only to find that I had the client scheduled for October 31 at 10:00 AM and not today!
Does that ever happen to you??? It doesn't happen often to me, but I just … (2 comments)
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las vegas: 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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las vegas: 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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las vegas: 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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las vegas: 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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las vegas: The Weeding Out Has Started! The Question is: When Will it End?? - 06/24/10 05:55 PM
There are a high number of homeowners that had previously applied to have their loans modified that are leaving the program. The link below will take you to an Associated Press article that appeared in the Palm Beach Post this past week.
The article does a good job of outlining the issues that have surfaced since the implementation of the HAFA Program. Link to article-- Borrowers exit troubled Obama mortgage program
The long of the short of it is this! Most of the homeowners that are leaving are homeowners that:
Were not making enough income to pay for their mortgage from … (1 comments)
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las vegas: 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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las vegas: 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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las vegas: 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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las vegas: Things That Make You Go Hmmm about the US Real Estate Market - 03/30/10 02:44 PM
My latest Las Vegas Update comes from a combination of selling in the trenches and the latest hard data provided by Applied Analysis, an information and analysis resource that I use here in Las Vegas to update readers and followers on the latest Residential Real Estate trends here in the Las Vegas Valley.
Click hereto open and print the latest data on Las Vegas.
We have been very busy selling regular listings, short sales and foreclosures here in the Las Vegas Valley. Where we were very busy listing & selling foreclosures last year at this time, we now find ourselves selling … (3 comments)
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las vegas: 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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las vegas: Las Vegas Real Estate Numbers are in for June 2008 are In and They Look Good - 08/10/08 02:54 PM
… (0 comments)
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las vegas: It Helps Buyers When There are Alot of Foreclosures on the Market..Here an Example! - 06/06/08 06:13 PM
Ones of the benefits for home buyers when there are a lot of foreclosures on the market is that there is a lot of pricing pressure put on well taken care of homes for sale that are not in foreclosure. An example of what I'm talking about is listed below with a virtual tour for you click on and view.
I listed this property just a few days ago and I'm having an open house tomorrow (Saturday June 7, 2008) from 11:00 AM to 3:00 PM. For those of you that live in the Las Vegas Valley that want to … (1 comments)
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las vegas: Up and Off the Bottom! At Last, Positive Signs in Las Vegas Housing. - 05/07/08 06:03 PM
Dear Mary Kennedy Newsletter and Blog Reader, April and so far in May have been very busy. The people working around me have been busy as well. So I have been wondering why the news reports have not reflected the busyness that I have been experiencing. Then, all of a sudden here comes good old Hub Smith from the Las Vegas Review Journal with a story integrated with the Greater Las Vegas Association of Realtors data this morning and guess what? 1.The April 2008 data shows that our Real Estate Inventory has stabilized at 22,942 homes.(3.1% higher … (0 comments)
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las vegas: Sure, Housing's in a hole! But there is a Potent Case for Buying Now! - 04/18/08 03:59 PM
Dear Reader,
I was in a training session last week and was handed a copy of an article in the February 25th Issue of Time Magazine by Peter Lynch.
I have inserted a link below to take you for the full read on the website.
You can read the article at---> http://www.time.com/time/magazine/article/0,9171,1713483,00.html
A lot of readers must have taken it to heart, because it's getting busy out here. Mostly baby boomer's with the ability to pay cash or they do not have to worry about selling their first home.
To take a quote from the writer that will hopefully entice … (0 comments)
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las vegas: TODAY'S LAS VEGAS ECONOMY AT A GLANCE MARCH 2008 - 03/20/08 03:55 PM
Dear Reader,
I thought that you may be interested in reviewing
TODAY'S LAS VEGAS ECONOMY AT A GLANCE MARCH 2008
I always appreciate your feedback. So if you would like to leave some, click on my blog at http://activerain.com/blogs/maryk where you are welcome to leave your feedback as well and many more people will see it. As always, if I can help you in anyway and you are not currently working with a Realtor, feel free to give me a call at anytime.
Best Regards,
Mary Kennedy
Direct: 702-324-5390 … (1 comments)
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las vegas: "Getting Off the Bottom of the Real Estate Market in Las Vegas" - 03/12/08 04:03 PM
Dear Reader,
On January 15, 2008, I sent an e-mail and the Subject Line was
"I can feel the Real Estate Market Start to Turn in Las Vegas"
I received a lot of feedback on that e-mail. The most I have ever received! Mostly from readers with an opposing point of view accusing me of being way too optimistic and that there will be no way out of this mess for at least 2 more years. One person even suggested that I find another career. That was a little drastic, but I'm a big girl and I can take it. Plus, … (1 comments)
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