Las Vegas Real Estate Market Update – September 2016

New Residential Purchase Agreement - Biggest Change in Ten Years! It was ten years ago that we first introduced a standard Greater Las Vegas Association of REALTORS (GLVAR) Residential Purchase Agreement (RPA) that was generally adopted by most brokerages in Las Vegas. The upcoming version of the RPA introduces the most substantive changes since its … Continue reading Las Vegas Real Estate Market Update – September 2016

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Las Vegas Market Update – September 2014

Property Management Permit Course! I am going to shamelessly plug Americana’s Pre-Licensing Property Management Permit course - again! This course is excellent - even for those who just want to learn more about Landlord Tenant laws in Nevada.  Do you want to learn how to prevent or spot embezzlement - before it becomes a problem?  … Continue reading Las Vegas Market Update – September 2014

Las Vegas and Phoenix Market Updates – July 2013

 Are We Over the Housing Bubble Yet? My previous post offered charts and an analysis that dispels the notion that Las Vegas is experiencing another housing bubble.  The chart below offers an additional perspective on the notion of a bubble by looking circumspectly at appreciation rates.  Most would consider a 4% per year market value … Continue reading Las Vegas and Phoenix Market Updates – July 2013

Las Vegas Market Update – November 2012

Property Management Permit Course! First, I am going to shamelessly plug Americana’s Pre-Licensing Property Management Permit course - again! This course is excellent even for those who want to learn more about Landlord Tenant laws in Nevada. Registration is now open. Just click here to view the course and/or register. Walk-ins are welcome on Thursday … Continue reading Las Vegas Market Update – November 2012

Las Vegas Market Update – May 2011

Happy Mother's Day Weekend! Single family residential (SFR) closings for April were down 9%from March but 4.5% better than April 2010. The median sales price of an SFR dipped further to $125,000.  Yet, the average closed sales price increased slightly from last month. Homes in the South, Northwest, and Summerlin enjoyed noticeable higher average closing … Continue reading Las Vegas Market Update – May 2011

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 … Continue reading November Market Update * Shelter Mortgage Updates

HERA Amends the Truth in Lending Act

New changes to the loan process that could affect borrowers. New changes in regards to the timing of the Truth in Lending (TIL) statement are effective beginning July 30, 2009 on all new mortgage applications.  A TIL is designed to help borrowers as well as addresses the timing of when fees can be charges. The … Continue reading HERA Amends the Truth in Lending Act