More Good News for Traditional Sellers 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 2600 available listings in the Las Vegas, North Las Vegas, and Henderson areas while available short sale listings have declined to 4800. REO closings in … More Las Vegas Housing Stats – August 2009 Update
“Classic Closings” Climbing The availability of both bank-owned and short sale listings continue to decline even as demand remains strong in the market. REO listings are hovering around 2700 available listings in the Las Vegas, North Las Vegas, and Henderson areas while available short sale listings have declined to 5000. REO closings in July accounted for 72% of all single … More Las Vegas Housing Stats – July 2009 Update
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 … More HERA Amends the Truth in Lending Act
Short Sale Closings are on the Rise Available short sale listings continue to decline with just under 5300 currenly on the market. However short sale closing made up nearly nine percent (9%) of all June closings – up from seven percent (7%) of the closings in May. Meanwhile, REO listings have dropped under 2800 available listings in the … More Las Vegas Housing Stats – June 2009 Update
So what’s happening with Bank Owned (REO) and Short Sale Listing availability? These numbers reflect a continual drop in available REO and short sale. The 3119 available REO listings is a long way from the more than 10,000 that were on the market a few months ago Now we can download the May 2009 Greater … More Las Vegas Housing Stats – May 2009 Update
Let’s begin this month by taking a look at current REO vs Short Sale Listings. Available Pending REO Lisings 4191 6273 Short Sales 6405 4160 These numbers reflect a drop in available REO listings of nearly 1800 just in the past month while pendings increased by nearly 600. Similarly available Short Sale listings dropped by … More Las Vegas Housing Stats – April 2009 Update
Real Estate Today is NAR’s new talk radio show hosted by Gil Gross that airs on the Internet at http://www.retradio.com as well as XM Radio channel 158, Sirius Channel 102 as well as podcasts. You can even receive the broadcast on your cell phone. Real Estate Today opens doors for buyers and sellers with critical and credible … More Las Vegas Housing Stats – March 2009 Update
What do parts of the Southwest of Las Vegas and parts of Henderson have in common? The Greater Las Vegas MLS areas 505 and 606 each enjoyed closing sales prices that were higher than the previous month! Certainly one month does not a trend make, but it is encouraging – if not exhilirating – to see … More Las Vegas Housing Stats – February 2009 Update
My blog experienced a fatal meltdown, so I’ve had to rebuild from scratch. I may or may not be able to recover old posts, but stay tuned and I will have a new post with an update of Market Stats here in the next few days. Forrest
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