10/9/2008 1:06:00 PM
The number of home sales increase 181% over last year in Las Vegas
The number of homes sold in August increased 181% from a year ago, Thats the good news. This surge in sales was driven by the continued influx of bank owned properties being sold. Buyers are still bidding on many of these and in most cases multiple offers ...
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9/5/2008 12:12:00 PM
Last market notes........
Looks like we have another mixed message month of numbers - sales up, inventories down, prices down, rentals up, supply down. Let's take a closer look at what this tells us. First, the reduction in inventory closely matches the increase in rentals - potential ...
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7/28/2008 1:48:00 PM
Considering the state of Real Estate will the new relief bill help?
Considering the current state of the real estate, mortgage and credit markets, I can confidently say this is the most important piece of housing-related legislation that we have seen in more than a generation. It will help stabilize the mortgage market, stop ...
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7/24/2008 1:54:00 PM
Should I listen to the press ?
Yes and No. Data is only as good as the interpreter and it can be skewed a number of different ways. Las Vegas has one of the strongest long-term forecasts of any market. Depending on your source of news, however, you are only getting a small portion of the ...
Views: 37
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7/10/2008 9:43:00 AM
Home sales increase for 6th straight month
Home sales in Las Vegas increased for the sixth straight month in June and inventory remained stable, the Greater Las Vegas Association of Realtors reported Wednesday. Realtors sold 2,226 single-family homes in June, up 50.8 percent from the same month a year ...
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6/13/2008 1:27:00 PM
Las Vegas Home Prices
LAS VEGAS HOME PRICES House prices in Las Vegas have fallen into undervalued territory, according to new data from research firm Global Insight and bank National City Corp. It’s the first time in five years that statistics from the first quarter have ...
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6/6/2008 2:40:00 PM
May 2008 posts significant improvement in Las Vegas Real Estate Sales
Its been awhile since we saw postive sales numbers in Las Vegas. After several months of decreasing home values the median price of units sold increased +.03% from April 2008 sales. The # of units sold also had significant changes. +12.9 from April and +29.2% ...
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5/30/2008 12:47:00 PM
Inventory of homes for sale continues to decrease in Las Vegas
Steady as she goes is the current theme, while we are not in a total recovery we continue to see positive signs. Last week 5-27-08, 551 homes were put under contract and our on hand inventory has fallen to 19,771 a far cry from the mid 25,000 homes of last ...
Views: 65
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5/20/2008 11:29:00 AM
Home Buyers, Start Your Engines
If you were thinking of buying a home, start looking. The latest data from the housing market shows that sellers, after months and years in denial, are finally giving in to reality and slashing prices. There is a distance still to go. But the process, long ...
Views: 72
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5/19/2008 5:19:00 PM
2008 Las Vegas Real Estate Weekly inventory
We found today that listed Short Sales count for 5138 homes on the Market and 3992 homes that are listed are REO's that leaves 11,000+ Sellers out there with homes for sale. Week Ending Total Homes for Sale Total Homes Under Contract Total Homes Sold Weekly ...
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