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 … More November Market Update * Shelter Mortgage Updates

Las Vegas Market Update – October 2010

Bank of America announced a moratorium on forecloses effective October 9, 2010. Single family residential (SFR) closings declined by 13 units from August sales but were down 552 units or (-16.4%) from September 2009.  Median sales prices have fluctuated between $135,000 and $140,000 throughout 2010.  This demonstrates the stability of the Greater Las Vegas Market … More Las Vegas Market Update – October 2010

Las Vegas Market Update – September 2010

  A New HomePath Program from Fannie Mae! The mortgage giant quietly launches the HomePath program, which offers subprime-era terms for buyers: minimal down payments, no appraisals, no mortgage insurance and low minimum credit scores.  For the full story see the Los Angeles Times Business article, written by Kenneth R. Harney, dated September 5, 2010 … More Las Vegas Market Update – September 2010

Las Vegas Housing Stats – January 2010 Update

January 2010 Shows Improvement over January 2009 Single Family Residential closings for January 2010 totaled 2608 which is a 17% increase over January 2009. Additionally, townhomes and condos saw added 594 closings which respresent a 35% increase over the same period in 2009. The availability of bank-owned listings has declines to under 1900 available listings in the Greater Las Vegas area. Short … More Las Vegas Housing Stats – January 2010 Update

Las Vegas Housing Stats – 2009 Wrap-Up

2009 Resale Closings Hit Their Mark! Total Single Family Residential closings for 2009 totaled 38,127 which is a 53% increase over 2008.  Additionally, townhomes and condos saw another 8752 closings which respresent a 137% increase over 2008.  In fact 2009 closings exceeded those of 2005 and this market is poised for a similar year in … More Las Vegas Housing Stats – 2009 Wrap-Up

Las Vegas Housing Stats – November 2009 Update

Resale Demand Remains High! The availability of bank-owned listings increased slightly in November as there are now just over 2200 available listings in the Greater Las Vegas area.  Short sale listings have also increase to nearly 4500.  However, there are nearly 3900 available traditional listings. REO closings in September accounted for 61% of all single family residential (SFR) … More Las Vegas Housing Stats – November 2009 Update

Las Vegas Housing Stats – October 2009 Update

A Strong Start to the 4th Quarter of 2009 ! The availability of bank-owned listings has dipped while available short sale listings continue their decline.  Demand remained very strong in the current market for October. REO listings have dropped to around 2100 available listings in the Las Vegas, North Las Vegas, and Henderson areas while available short … More Las Vegas Housing Stats – October 2009 Update

Las Vegas Housing Stats – September 2009 Update

The Best Market News in Months! The availability of both bank-owned and short sale listings continue their decline while demand remains strong in the current market. REO listings have dropped to around 2300 available listings in the Las Vegas, North Las Vegas, and Henderson areas while available short sale listings have declined to nearly 4700.  … More Las Vegas Housing Stats – September 2009 Update