HAFA "GUIDELINES" Please remember that HAFA is a comprensive set of "Guidelines". It is not law. The guidelines are not intended to be a one size fits all either. Each servicer (bank, lender) is currently employing their own version of HAFA. Some have not implemented their own guidlines yet and some are well down the road already. The important facts to remember as a homeowner are that HAFA: Continue Reading
Las Vegas Real Estate Blog - Page 46
September Market Conditions
SEPTEMBER MARKET CONDITIONS Here are September's market conditions for our Las Vegas market. Inventory is increasing slightly. Prices remain stable. Short sales continue to dominate the market. We expect inventory to continue to grow as demand has decreased somewhat. Stay tuned with us and get the latest updates on the Las Vegas housing situation. Continue Reading
The American Spirit
THE AMERICAN SPIRIT I think I am still on high since last month’s celebration of our Country’s independence. This may seem a little juvenile to many, but since childhood I have looked forward to this day. It may be the anticipation and exhilaration of the fireworks spectacles that first caught my interest. I can remember vividly our empty lot adjacent to our house was prepared each year and used Continue Reading
August Market Conditions
AUGUST MARKET CONDITIONS Here are your August Market Conditions. Inventory is slightly increasing in the market. Activity is also slightly off since the tax credit incentive expired. Short Sales continue to dominate our market. Continue Reading
Short Sale Alphabet Soup
SHORT SALE ALPHABET SOUP As a Realtor that takes pride in personal development, I find it important to continually get educated. I have recently taken a number of very comprehensive courses related to Short Sales and I find my head spinning with all of the various acronyms and other abbreviations. Consumers are hearing about HAMP, HAFA, FNMA(fannie mae), FDMC(freddie mac), REO, Prom Note, etc. Continue Reading
Step Up To The Plate
I confess that I did something very bold. I do not know what possessed me to dig myself out of my safe and very innocuous shell and let the cyber world know my inner feelings. Was it a moment of weakness, coupled with a smatter of poor judgment that resulted in this self-revelation, leaving me vulnerable to the world. Or was it a level of frustration that finally spilled over my inner walls of Continue Reading
July Market Conditions – Selling Market?
While pricing remains stable, inventories have grown since the removal of the federal tax credit. We are stil selling to those that were not eligible to those that were not eligible for the tax credit but the demand has decreased. Short sales are dominating our selling market. More buyers are willing to wait the extended periods it takes to close for those selling. Investors are still seeking Continue Reading
The American Dream
Dreams, we all have them. Some we remember, most we do not recall. Others awake us with vivid recollection, sometimes containing frightful thoughts. Some, if we are fortunate, stay with us throughout the day with pleasant thoughts that refresh and shape our attitude at least for the day. However, the dreams that can affect us most are those that do not come to us in a night’s sleep. They are Continue Reading
June Market Conditions
While inventory remains tight and low, lenders and appraisers are keeping prices low as well. Activity is still strong. Inventory levels indicate a seller's market but pricing continues to favor buyers. Continue Reading
The Forecast is for Rain
As I write the May Newsletter, I am sitting here at my office desk, looking out the spacious window that views a flowering plum tree and a multitude of blossoming shrubs and trees whose names have long escaped me. I am quite fortunate to have an office that allows me to keep in touch with the beauty of the outdoor landscape. This view has inspired me on many an occasion. Today the sun is shining Continue Reading
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