November Market Update * Shelter Mortgage Updates

NEW Mortgage CE Class!

First, I want to announce a new CE class that was recently approved by Shelter Mortgage!  The new “Mortgage Financing in a New Age” class will be launched Wednesday, November 10, 2010 in the Summerlin office from 1-4PM.  For class details and to RSVP, Click Here.

Shelter Mortgage Newsletter from Jim & Vicki Sheppard

I also want to share a newsletter with everyone that Jim and Vicki Sheppard prepare and distribute to their own clients and agents in the Summerlin office. This newsletter offers tips and advice on “How to Rebuild Credit”.  Click here to download and share with your own clients.  Thank you Jim & Vicki!!!

Las Vegas Market Update for November

Single family residential (SFR) closings declined by 207 units from September sales but were down 936 units or (-26.5%) from October 2009.  The median sales price of an SFR dipped to $133,000.   Available REO properties are nearly 3500 units.  Short sale closings slowed down while bank owned (REO) and Classic sales increased.  Cash was certainly “king” in October as 46% of all closings were cash. The market appears to  be soft, but stable as we close out the fourth quarter of 2010.  For the most current Equity Title Market Update, Click Here!

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Categories: Market Stats, MLS, Mortgages | Leave a comment

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