Enjoy all that the convenient location of Green Valley has to offer in this 2626 sf repo located at the end of a culdesac with a huge yard and pool. This home sits on a tree lined street that should be in a post card! Very green neighborhood. They dont build them like this in [...]

Price will be more than $300,000 below last sale and over 200,000 less than what the builder is asking. Wow take advantage of this never lived in possible victim of mortgage fraud extravaganza. Over 3400 square feet on a third of an acre in excess of 70,000 dollars in upgrades granite counter tops, dual staircase. [...]

I think it’s safe to say that no one really wanted the $700 billion bailout. Unfortunately something had to be done as the credit cash-flow spigot was down to a drip. Even those with good credit were beginning to have difficulty getting funding of today’s tighter standards approved loans. Not only in our own industry, [...]

Who’s afraid of the big bad bailout? Apparently not buyers in Las Vegas. After the final MLS updates have trickled in, Single Family Home Closings in Las Vegas between 9/1/08 and 9/30/2008 total 2671.

This is the highest number of 2008.
This is the first time more homes closed in September than in August in at least [...]

Yes, there is chaos on Wall Street. Yes, it will no doubt affect the national economy.The relevant question for this column is, “How will it effect the Las Vegas economy?”
Pending single family transactions are at the highest level of the whole year at 6466 today at 11:30 AM. That is up 143 over the August. [...]

Yes, there is chaos on Wall Street. Yes, it will no doubt affect the national economy.The relevant question for this column is, “How will it effect the Las Vegas economy?”
Pending single family transactions are at the highest level of the whole year at 6466 today at 11:30 AM. That is up 143 over the August. [...]

Just a couple quick notes on the current state of Las Vegas repossessions for August.  A national analytics company , First American CoreLogic reports that ” The Q3 2008 Core Mortgage Risk Index (CMRI) has risen 12% above a year ago and increased for eleven of the last twelve quarters. The CMRI—which forecasts delinquency risk—is [...]

Demand:
A picture is worth a thousand words.
So you shouldn’t expect to see the graph at left in the national media any time soon.
The graph is generated from GLVAR data from 11 AM today. It shows that we closed about 2400 single family homes in Las Vegas in July.
This puts us ahead of 2007 and [...]

Here’s what I think happened:
I will try to be brief. This is a snap shot, not a docu-drama, but I had to tell somebody.
The media has a different point of view, of course, but in my experience here in Las Vegas, those greedy investors who are now getting what they deserve and those poor home [...]

If you have been keeping up with the latest questionable “buy and bail” foreclosure trend from Mr. Steve Hawk’s previous posts, then you already know what this practice is. However, you may have a few questions that remain. Thankfully, Steve was interviewed on CNBC regarding this issue and is here to shed some [...]