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
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Are Short Sales Becoming a Way of Life?
As a Realtor here in Las Vegas, it occurs to me that Short Sales will be a part of our market for a long time to come. Better than 65% of homeowners here in the valley are at a negative equity position in their home and they will be in a situation sometime in the next few Continue Reading
Adding Insult to Injury: The Short Sale That Wouldn’t Go Away!
Today I find myself writing this blog to relieve the stress of dealing with a bank on a short sale. Now I believe that just about everyone understands that Short Sales are difficult. They are difficult on sellers, buyers and agents. This short sale however is not only Continue Reading
The Homeowner and The Big Bank: A Loan Modification Fable
A fable according to Webster's Dictionary is “a fictitious story meant to teach a moral lesson". Aesop is the best known fable writer and most of us are familiar with his stories such as "The Tortoise and The Hare". A lesser known fable is "The Wolf and The Crane". For the Continue Reading
Short Sales are Long In The Tooth! Here’s Why.
My mother was a teacher. She always made sure her children did their homework every night- NO EXCUSES! However, I do remember kids who never had their homework done and always had some sort of an excuse such as "I couldn't find a pencil", "No one at home would help me", Continue Reading
The Real Estate Downturn: Where Do We Go From Here?
It is amazing that such a tough year for real estate actually flew by in the blink of an eye (with a tear in it, though)! Now it's 2010 and we all wonder what is in store for buyers, sellers, banks, and lenders. In uncertain times, those that maintain a steady course are the Continue Reading