In my last blog I wrote about the decline in Real Estate Home sales that occurred in August across the country. I got this information from an online article at CNN. At that time I did not have the stats for how Las Vegas fared.
On September 25, 2009 Rex Nutting in an article in the Las Vegas Review Journal noted some information from Las Vegas-based SalesTraq executive Larry Murphy. According to Mr. Murphy Las Vegas August existing home sales dropped 14.4 percent from July.
Some News From the Humane Society of the United States
They are requesting that we all help to stop the cruel and senseless act of shark finning, just so some people can have soup. Please use this link to read more on this and to take action on this brutal act. hsus.org
Monday, September 28, 2009
Friday, September 25, 2009
Las Vegas Real Estate Market Changes Again
It was a hot summer, Real Estate wise that is. Even though prices didn't seem to go up the sales were happening.
Recently I have felt like things have slowed down a little. Sometimes you don't know whether your feelings are correct. I always wait for the monthly statistics to come out before I come to any conclusion.
Yesterday I read in CNNMoney.com that across the country our four month rally took a dip of 2.7%. In the previous four months sales had jumped 15.2%. I'm not sure yet how this will play out in Las Vegas. Be assured I will let you know. I guess our decline is more than what analysts had predicted.
As a Realtor I'm use to seeing the Market drop after Summer. Because I felt things might be slower I wondered if it was simply due to typical Fall/Winter Market conditions?
According to an article in the online New York Times www.nytimes.com/2009/09/25/business/economy/25econ.htm? Celia Chen, a housing economist at Moody's Economy.com the trend is still very strong.
I'm keeping the good thought that we are working our way out of the duldrums.
Some Animal News
On Sunday, October 18th 2009 Heaven Can Wait Animal Society hcws.org will be having their LOSE A POUND WITH YOUR HOUND Memory walk for the 30,000 animal euthanized in Las Vegas each year. There will be all sorts of fun and games. It is great outing for you and your dog while raising necessary funds to help HCWS's spay/neuter program. I hope I will see some of you there.
Recently I have felt like things have slowed down a little. Sometimes you don't know whether your feelings are correct. I always wait for the monthly statistics to come out before I come to any conclusion.
Yesterday I read in CNNMoney.com that across the country our four month rally took a dip of 2.7%. In the previous four months sales had jumped 15.2%. I'm not sure yet how this will play out in Las Vegas. Be assured I will let you know. I guess our decline is more than what analysts had predicted.
As a Realtor I'm use to seeing the Market drop after Summer. Because I felt things might be slower I wondered if it was simply due to typical Fall/Winter Market conditions?
According to an article in the online New York Times www.nytimes.com/2009/09/25/business/economy/25econ.htm? Celia Chen, a housing economist at Moody's Economy.com the trend is still very strong.
I'm keeping the good thought that we are working our way out of the duldrums.
Some Animal News
On Sunday, October 18th 2009 Heaven Can Wait Animal Society hcws.org will be having their LOSE A POUND WITH YOUR HOUND Memory walk for the 30,000 animal euthanized in Las Vegas each year. There will be all sorts of fun and games. It is great outing for you and your dog while raising necessary funds to help HCWS's spay/neuter program. I hope I will see some of you there.
Wednesday, September 23, 2009
UNDERSTANDING SHORT SALES
WHAT DID I DO THIS SUMMER?
What did I do this summer? I learned all I could about short sales. Most of you know that I have always felt it was my obligation to my clients to keep myself educated on the new laws and developments in our Real Estate Market.
The Real Estate world currently has different issues than any of us have known in the past. One of the new aspects now are short sales. Understanding the process is vital in obtaining a successful outcome.
Because of my extensive real estate background and tenacity it didn’t take me long to learn about this large segment of our Market.
If you know someone who might like my help please let me know. I have the knowledge and capability to lead them through the maze. I am very comfortable managing these complex transactions.
The Summer’s lighter moments were spent with the grand children, Cruz and Kendall. Lot’s of pool time. By this time next year Cruz should be swimming.
Monday, September 14, 2009
Real Estate Statistics Coming Into the Fall
For those who are paying attention to our Real Estate Market you are aware that our Market showed some strong activity this summer. I am use to seeing, over my twenty years as a Realtor, the Market slow down as Fall approaches. It seems this year may not be different.
In June we had 3,784 single family home sales, In July we had 3,783 sales and in August it went down to 3,123 sales. The majority of sales were of homes under $200,000.
Last year in August we had 2,550 single family home sales and the number went up in September to 2,787. Lets hope the same thing happens this September.
So far this year it doesn't seem prices have really increased. I will try to keep you all posted. My information is taken from the Greater Las Vegas Association of Realtors and is deemed to be correct but not guaranteed.
If you would like to know the value of your home please let me know. I will be happy to send you some information.
I have worked very hard this summer, mostly on short sales. This may be the wave of our future. I don't think we Realtors know everything that is going to happen. Sometimes we are as surprised as you are.
In June we had 3,784 single family home sales, In July we had 3,783 sales and in August it went down to 3,123 sales. The majority of sales were of homes under $200,000.
Last year in August we had 2,550 single family home sales and the number went up in September to 2,787. Lets hope the same thing happens this September.
So far this year it doesn't seem prices have really increased. I will try to keep you all posted. My information is taken from the Greater Las Vegas Association of Realtors and is deemed to be correct but not guaranteed.
If you would like to know the value of your home please let me know. I will be happy to send you some information.
I have worked very hard this summer, mostly on short sales. This may be the wave of our future. I don't think we Realtors know everything that is going to happen. Sometimes we are as surprised as you are.
Thursday, September 3, 2009
Pets & Short Sales
Adopt your next furry friend!
One in four animals in shelters are purebred. So, for those who say they want to purchase a pet because they want a specific breed are not informed or do not care that they can adopt and save a life.
Sometimes I hear people say they don't want to adopt because they feel animals in shelters come with too many behavior problems. No so. Many, many of the animals are simply victims of circumstances as many humans are right now. Possibly their owners got foreclosed upon or had to move. There are so many reasons why animals end up in a shelter. Very often the shelter staff can tell you the pet's history.
Just think, you can have the type of dog you want and keep an animal from being euthanized. Please consider adoption when you add your furry friend to your family. Believe me the rewards will come to you ten fold. http://action.humanesociety.org/site/MessageViewer?em_id=3621.0&dlv_id=7181
Short Sale Information:
Did you know that when you do a short sale, in some cases, the lender still has recourse to recover from you the funds they seemed to have forgiven?
There are recourse and non recourse loans. There is probably different terminology for these words. A recourse loan means that the lender can up to six years collect on the promissory note you signed. When you took out your loan you not only signed a deed of trust but you also signed a promissory note. The deed of trust is released but the promissory note can stand as a liability. It would be wise for you to find out what type of loan you have so that you know what you are up against.
For your short sale questions, please give me a call. (702-256-1859).
One in four animals in shelters are purebred. So, for those who say they want to purchase a pet because they want a specific breed are not informed or do not care that they can adopt and save a life.
Sometimes I hear people say they don't want to adopt because they feel animals in shelters come with too many behavior problems. No so. Many, many of the animals are simply victims of circumstances as many humans are right now. Possibly their owners got foreclosed upon or had to move. There are so many reasons why animals end up in a shelter. Very often the shelter staff can tell you the pet's history.
Just think, you can have the type of dog you want and keep an animal from being euthanized. Please consider adoption when you add your furry friend to your family. Believe me the rewards will come to you ten fold. http://action.humanesociety.org/site/MessageViewer?em_id=3621.0&dlv_id=7181
Short Sale Information:
Did you know that when you do a short sale, in some cases, the lender still has recourse to recover from you the funds they seemed to have forgiven?
There are recourse and non recourse loans. There is probably different terminology for these words. A recourse loan means that the lender can up to six years collect on the promissory note you signed. When you took out your loan you not only signed a deed of trust but you also signed a promissory note. The deed of trust is released but the promissory note can stand as a liability. It would be wise for you to find out what type of loan you have so that you know what you are up against.
For your short sale questions, please give me a call. (702-256-1859).
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