A Happy Thanksgiving for Las Vegas
November 18, 2009
NEVADA ECONOMY: State showing some life at last | www.lvrj.com
This year, October data could make Thanksgiving a happy holiday for Las Vegas real estate professionals.
October 20, 2009
ECONOMIC INDEX NOW POINTING POSITIVE | www.lvrj.com
In a week in which Las Vegas learned the local unemployment rate had skyed to 13.9% … passenger traffic at McCarran Airport slid 1.2% … and Nevada bankruptcy filings jumped 64% in the last nine months …. September housing market data actually comes as relatively good news. At worst, Las Vegas is scudding along a bottom like a sailboat on choppy water. At best, it may be in recovery. The key statistics: Prices appear stable. Inventory is still dropping. Sales continue to be strong.
Short Sales Are About to Increase
October 5, 2009
Short Sales: A Fraying Lifeline for Homeowners | www.businessweek.com
Treasury is announcing new terms that they hope will encourage more short-sales. These transactions have not been very effective in the past, and while this is probably not going to be a game changer, it’s wise to expect the incentives could spur some level of increase in short sales.
Tax Lien Certificates Offer Stability During Unstable Times
October 1, 2009
Tax Bills Put Pressure on Struggling Homeowners | www.nytimes.com
Present estimates of unpaid property taxes in the United States place the figure as high as $15 billion annually. The choices available to government officials for remedying this shortfall are limited. Counties and cities could increase the tax rate,borrow (maybe) the necessary capital,reduce services (again) or sell the tax debt to investors willing to take the risk they will be repaid. The first three options are distasteful to most property owners,particularly those who pay on time.
Foreclosures: The Key to the Real Future of Las Vegas
September 21, 2009
New Homes Back in Play for Las Vegas Buyers | www.lvrj.com
Las Vegas housing statistics for August continue to suggest that the residential market is scudding along a bumpy bottom, struggling to find stability in sales, inventory and pricing.But the big story in the August data for the Las Vegas residential market can be summed up in a single word: Foreclosures.
Investors Are Finally Dealing With The Real Seller of Troubled Assets
September 19, 2009
FDIC Packages Loans From Failed Banks | www.washingtonpost.com
The FDIC has rediscovered a program they used in the early 90s that was successful in the resolution of problem assets. My analysis takes a closer look at why the program is necessary, the details of the program, and the implications of setting the program in motion.
September 2, 2009
Hope can fuel bulls' charge as stocks rally despite worries | www.usatoday.com
We believe that the recovery will be W-shaped and that April was only a false bottom. Our estimate is that there will be a slowing beginning in December, and that we will hit the true bottom in summer of 2010.
Policy Makers, CEOs and Investors Beware
August 26, 2009
1. Mortgage Rates to Benefit from Stabilized Home Prices, Jumbo Mortgage Rates in Particular | www.examiner.com
The emergence of home price stabilization is spotty and should not be over-simplified. It’s important to look at the underlying indicators to see where stabilization is actually taking place.
Has Housing Construction Really Bottomed?
August 26, 2009
U.S. Economy: Housing Starts Gain to Seven-Month High (Update1) | www.bloomberg.com
The recent good news in housing starts is based on seasonally adjusted data, which can fluctuate and affect solid conclusions. Non-seasonally adjusted data across a 12-month period is a more stable reflection of construction activity.
LAS VEGAS: THE RESIDENTIAL RECOVERY APPEARS TO BE UNDERWAY!
August 18, 2009
Nevada leads in foreclosures as U.S. rate climbs 7 percent | www.lvrj.com
When people say Las Vegas had a "hot July," they may not be referring to the weather! Las Vegas' July housing data makes it easy to suggest that the residential market is on the verge of sizzling. PRICES ARE UP! INVENTORY IS DOWN! DEMAND CONTINUES TO SHOW FORMIDABLE STRENGTH! In fact, at current sales rates, there is now just 2.9 months of available inventory in the existing home market. If less than 3 months of inventory defines a hot market, Las vegas is torrid!
Who is kidding who regarding a recovery in commercial real estate
October 18, 2009
U.S. Helps Commercial Real Real Estate Lenders Pretend and Extend
October 15, 2009
If Borders Can't Make It Here, They Can't Make It Anywhere
October 14, 2009
The Jury Is Still Out On General Growth
October 8, 2009
FDIC to create value "mark" by selling Corus portfolio
September 24, 2009