Las Vegas real estate market for Sept. 2013
Wednesday, October 02
RUMOR MILL A look through the headlines over the month of September seems like a box of chocolates…here is what we mean. THE GOOD VEGAS VALLEY PRICES SOAR English: A Picture of North Las Vegas (Photo credit: Wikipedia) August Vegas Valley home values increased 2.8% over Ju...
2013 Las Vegas Summer Market Report
Friday, August 09
SUMMER 2013 LAS VEGAS STATISTICS-Las Vegas appears to be correcting back into a traditional sales market. That would be a market dominated by people that are actually living in using homes as opposed to investors just taking inventory. In case you haven’t seen it, most of the hedge funds have ...
Banks allowed to foreclose on Las Vegas and Nevada
Saturday, July 20
Prior to the enacting of Nevada law AB284 October 2011, foreclosure Notice of defaults were at approximately 4-5000 per month. Post AB 284 we settled around 2200 per month after the shocking low on October 2011 of 80. June 2013 they dropped to under 400. Many people are looking at that low numb...
Hedge Funds Panic on Rental Homes
Wednesday, June 05
We don’t usually post twice a week but there is a big splash in the pond that deserves our attention. There is a possible explanation as to why we have felt sales start to stagnate over the past couple weeks. Hedge Funds are having problems with their projected return rates on rental homes. Sou...
Las Vegas April 2013 stats
Monday, April 22
3277 single family homes on the market today in the entire Vegas Valley, according to GLVAR, there were 3232 closed sales in the past 30 days. One months inventory creates an extreme inventory shortage. If you have a property to dispose of, 2013 appears to be your year. If you are adding to a po...
New Las Vegas home confusion
Wednesday, April 10
Just a quick update. Further Confusion (Photo credit: Wikipedia) Just saw this on Zerohedge and thought it should be passed on, Goldmans new home chart. there are also several articles hitting locally to address the headwinds and tailwinds.Median VEGAS home prices up to $161,000, here comes the ...