OCTOBER MARKET CONDITIONS Inventory is increasing due to a growing number of REO's (Foreclosures) in our market. Activity has fallen off since the tax credit has expired. Las Vegas home prices are holding steady but we believe that prices may fall over the next several months. This is because inventory continues to grow and activity continues to decrease as heading to the holiday season. Short Continue Reading
Las Vegas Home Sales - Page 13
Old Fashioned Real Estate Sales
OLD FASHIONED REAL ESTATE SALES I am between visitors at an open house. I am reminded that Real Estate is still a service industry. As Realtors we must remember that just because it's a short sale or an REO doesn't mean we should give any less service. I attended a Town Hall meeting recently and people are very concerned about selling their homes in this market. They have been besieged with all Continue Reading
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
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
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
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
2009 Was A Productive & Successful Year For Blankfeld Group!
Congratulations to our partners and staff for a success for 2009 - 47 in the entire United States in Residential Units and Chairman Circle - Platinum for Sales Volume! Thanks to everyone who made 2009 such a productive year at the Blankfeld Group of Prudential Americana Group, REALTORS! 2009 PREA Top 100 2009 Chairman's Circle - Platinum Continue Reading
The Contingency Tales
The meaning of the word "contingent" with regard to a real estate sale has changed dramatically over the years. Originally, when I first started selling real estate the term "contingent" was used when the house was sold "contingent on the buyer selling his existing home". These buyers could be "bumped" from the transaction by a buyer without a home to sell. There was usually a "first right of Continue Reading
Modern Conveniences May Not Be So Convenient
In real estate, we have come to rely on our computers and our cell phones to facilitate our business and respond quickly to our buyers and sellers. Sometimes, they let us down and we are lost!! Last week, an agent wanted to show one of my listings without a lockbox. It is in a highrise so we need gate clearance and access through the concierge to lead the agent to the right elevator. The agent Continue Reading