Las Vegas Real Estate Market Blog

OK, there was a conversation on another platform that started-off about the increasing mortgage delinquencies as reported by the MBA.  Well the conversation transformed a little and started heading down the political road and it inspired me to respond.  So, I thought I would share my response wit...

Well to start with, even though I'm on the major social media websites, I'm not very "techie".  So when I got my "twitter widget" loaded on my AR page, I was REALLY proud of myself! So what the heck is a twitter widget???  It's that thing on the right side of my blog page that shows my twitter up...

For all of you going to FiveStar, here's your opportunity to give back.  Attend the TSUNAMI Party and Charity Event. Have fun? Party, dancing, networking, scotch, cigars and ASSET MANAGERS.  http://bit.ly/M8M3n Giving back? All the proceeds from this event go to the Foreclosure Angel Foundation. ...

Again, it's been a while since I've blogged, but I've been up to my ears in "busy"!  I hope all is well with all you "Rainers" out there! So, last year at this time we had almost 30,000 properties on the market.  As of Monday (7/27/09), we had 26,061 properties on the market (including 13,518 con...

As of today, there were 2876 closed units in the past 30 days.  Of those 2286 were REO and 192 were short sales.  So 79% of closed sales in the past 30 days were REO and 8% were short sales for a total of 87%.  87% of total sales were distressd properties.  That will seem like a big number after ...

Well, we're back over 28,000 homes on the market here in Las Vegas.  Although our sales numbers have been great (almost double from this same time last year), our inventory has still managed to creep up.  With 2009 being forecasted as the biggest year for REO ever, it's inevitable that our inveno...

I can't believe that it's been almost a year since I posted my last blog.  I kinda breezed through my old posts and it's really interesting to see things from a different perspective.  Looking back and comparing my '07 posts versus my early '08 posts, I can see my view of the market sharpened con...

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 shows 2,853 pendings and contin...

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 REO business?The inventory...

Well, I haven't blogged in over a month.  For all five of you that read my blogs, sorry.  It is a good thing though, I've been extremely busy!  I've just decided to make the time to blog at least once a week.  So, I'll do a little more idle chit-chat later, but here's the current numbers...things...