ALL
August 20, 2010
Thanks for dropping for Friday Figures! All information from the GLVAR MLS system. Here’s you and your Realtor need to know before touring, listing, or making a purchase offer in the Las Vegas Valley this weekend.
Summary: Once again available units jumped, this time to 14057. While the number of short sale and non distressed available properties is up, there was no rise in the number of bank owned properties. Contingent and pending listings were down, but remain over 14,000. The number of contingent short sales does continue to decline, but some of those units have returned to the market as available. Median time on market for homes that are closing has finally reached 30 days — half of homes selling are on the market less than a month. This slow rise is partly due to institutional sellers insisting on longer periods before considering offers, or only considering investor offers after 2-4 weeks on the market. Our rental market for houses and condominiums is still healthy and stable despite the fact that apartment rents are at a 6 year low.
Other Information: Nationally, more construction is starting on more properties, but permits for the future are down. I don’t cover commercial real estate, but the Commercial Real Estate Price Index is down (great news for business owners looking for new space). Home buyers need to be aware that the FHA rules are tightening up; please consult your mortgage professional for details. Mortgage applications are up as rates are low. Some experts think the government must slash tax breaks for homeowners (please contact your Congressman and Senators if you feel strongly one way or the other). Remember that buying a short sale or foreclosure adds complications to the buying process (see here and here for more). More good news, mortgage delinquencies are down. Thanks to Steve for pointing out that in the second quarter, we had over 3000 cash transactions, and fewer than 1000 closings with a mortgage (FHA, VA, conventional, and owner financed combined! Yes, there were a handful of owner financed transactions). Cash is King in our market right now. And one last thing, the Hoover Dam Bypass should finish on schedule this fall.
70: One is Good, One is Bad: Las Vegas Hiking, Las Vegas Real Estate Agents
August 29, 2009
[Let’s set the mood. . .it’s a Saturday night. . .the studio lights have been dimmed. . .the red wine is ready and willing. . .what better time to record a Living in Las Vegas Podcast?]
Professionalism? Las Vegas Real Estate “Professionals” calling. We’re a little lost, here. Can you send somebody over?
Okay, this wasn’t meant to be the main topic. . .and it’s not. . .but, for the love of all things reasonable, get it together Las Vegas real estate folks! You’re making those of us who live here look bad!
On a positive note, after ranting about the nasty issues of real estate, this edition of the Living in Las Vegas Podcast talks about three places to hike, two of which I deemed “hiked” even though my definition of hiked and Melissa’s were not completely in line. Show notes:
- PHOTOS! (of the studio, post-show)
- Weather (heat advisory) / LiLV Pool (3 degrees from perfection)
- LiLV Stuff
- Listener Line: 206.312.0105
- Sign up of Email Alerts (form found on right side of our website)
- Las Vegas Chamber of Commerce Business Education Series
- Thoughts on Las Vegas Podcasts
- Mojito Recipe?
- Summerlin Hospital RANT
- Summerlin vs. Aliante
- Real Estate Idiots
- Listener Email: Real Estate Idiots +2, Holiday Festivities
- Listener Audio: Where’s my strings, Mike?!?!
- Hiking in Las Vegas
- Red Rock
- Valley of Fire
- Mt. Charleston
August 14, 2009
As I was playing around with my iPod Touch, I stumbled upon Time Magazine’s iPod-based website. The first article I found was a cover-piece about Las Vegas. It was a very interesting article. Here’s the link:
Article: http://www.time.com/time/nation/article/0,8599,1915962,00.html
Along with the article, there was an associated video that followed a local real estate agent to two foreclosed properties, one of which was in Newport Lofts [recent blog post]. You’ve got to see this video. Half of the units are empty, according to the real estate agent. It’s startling what somebody was able to do at one of the lofts (change the locks?!?!). They sneak into house later in the video to see the shape it’s in. Here’s the video link:
Video: http://www.time.com/time/video/?bcpid=1485842900&bctid=33598672001
Have a great weekend everybody!
November 20, 2008
In Business Las Vegas reports in this week’s edition that Clark County’s population “dropped during the past year after decades as one of America’s fastest growing counties”.
So much for our tagline.
In the last year, the county lost about 10,000 people. Most folks believe this is the first drop in population in nearly 40 years.
Here’s the data (according to the Clark County Comprehensive Planning Department):
| 2008 | 1,986,146 |
| 2007 | 1,996,542 |
| 2006 | 1,912,654 |
| 2005 | 1,815,700 |
| 2004 | 1,747,025 |
| 2003 | 1,641,529 |
| 2002 | 1,578,332 |
| 2001 | 1,498,279 |
| 2000 | 1,428,690 |
| 1999 | 1,321,312 |
| 1998 | 1,246,193 |
59: Tips on Finding a Job in Las Vegas: From a Senior Recruiter’s Perspective
August 12, 2008
Since moving to Las Vegas in August of 2005, we’ve seen unemployment as low as 3.8%. But more recently, we’re looking at an unemployment rate of 6.7% here in the Las Vegas Valley. From where we sit, that’s too damn high (and above the national average). So, for today’s Living in Las Vegas Podcast, we offer some very specific tips on finding a job in Las Vegas (and beyond). Show notes:
- Weather/Pool Report: Hot and Dry, like my love and humor
- JetBlue? More like JetBlows.
- Discovering Las Vegas with my Magellan 1412
- Listener Meet Up on August 15 at 5PM at Trader Vic’s. More Info. Drink Recommendation.
- Check out the 2008 New Media Expo in Las Vegas (August 14-16)!
- Construction on 215
- Listener Audio: Show thoughts, baking cakes, and jewelry shows
- Listener Email: Moving to Vegas, taking back her title, killing deer, garage doors, show suggestions
- More LiLV Friends added!
- Tip’s on Finding a Job in Las Vegas
- Resumes
- Networking
- Job Boards (National and Local)
- Interview (telephone, preparation for onsite, interview tips, follow up)
58: It’s Here–The NEW Living In Las Vegas Website!
July 13, 2008
And on the thirteenth day of July, with thunder resonating from above, the Living in Las Vegas Podcast website goes from version 1.0 to version 2.0! A great deal of work was put into our new site, we hope you like it (and tell us what you think!). Show notes:
- Sponsor Podcasts Intersections by Interwoven, Interwoven’s GearUp Podcast, Acutrack Podcast, Polycom On Demand
- Weather/Pool Report: Lightning, Thunder and Swimming (not at the same time)
- Anybody going to the New Media Expo?
- Cheryl buys a house! (And saves a TON of money)
- Listener Voicemail: More about buying a house in Las Vegas
- Listener Emails: Moving from Scotland, buying a vacation home, best places to live, realtor recommendation, what to do with minor children during a visit, dealing with a hangover
- Let’s talk about our New Website!
- Local’s Choice Radio
- Living in Las Vegas Blog
- Five RSS Feeds
- New Photo Format
- Mailing List: Sign up using the form to the right!
23: The Living In Las Vegas “Moving to Las Vegas Kit”
July 19, 2006
We get a lot of calls and emails asking for specific information regarding the cost of living in Las Vegas. In this edition of the Living In Las Vegas Podcast, we walk through a new feature on the website, the “Moving to Las Vegas” page. Show notes:
- Survey Says!
- Thanks to all those who called into the show for Melissa’s Birthday Extravaganza
- Listener Feedback
- 51 Baseball Bobbleheads and spelin isues
- Backyard video of amazing lightning (see photo section)
- The LiLV Moving to Las Vegas Kit
03: Part 2–How We Got Here: Living In Las Vegas
January 23, 2006
A review of why we choose to move to Las Vegas followed by part
two of the new home buying experience. Topics include:
- Word of the Day: Dumbass
- Thanks to Chris in Washington
- Picking upgrades,
- Getting the house built while in a different state,
- Taking ownership,
- Moving to Vegas
- Also, highlight future topics.
