Coldwell Banker Premier Realty

July Closings Disappoint, Prices Rise Moderately,Supply Concerns

A snapshot of July figures
Posted by John McClelland on August 11, 2016 in  homes in las vegas  Las Vegas Residential  median home prices
After a solid mid-year performance, sales have declined as we move out of peak season. Escrow activity also points towards some softer sales in the following month. Listing inventory remains quite low and single family inventory is down nearly four percent. Despite this, pricing has not advanced substantially, perhaps indicating the burst of demand we from the late spring was seasonal and transitory. Meanwhile, most indicators of local fundamentals continue to improve with employment growth of 2.9 percent year-over... read more
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Why isn't inventory going up

National trends
Posted by John McClelland on August 03, 2016 in No Category
Locally, we are still seeing single family home months-of-supply at under three months. Many other areas are seeing relatively low inventories. Tian Liu gives an interesting explanation that could explain part of this phenomenon. http://www.housingwire.com/blogs/1-rewired/post/37693-home-sales-are-rising-so-why-isnt-inventory-going-up... read more
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Gotta Catch ‘Em All!

Pokémon GO Has Taken the World by Storm
Posted by Trisha Ferris on July 28, 2016 in No Category
By: Sam SkeeteReleased on July 6th, Pokémon GO, a free application which brings animated monsters to life through augmented reality, has become the biggest mobile game in U.S. history with over 15 million downloads in under a week. The application taps into years past featuring aspects of Pokémon, Nintendo’s most popular brand. Just in one week, Pokémon GO managed to boost Nintendo’s market value over $7.5 billion, and all the numbers encompassing the game are only rising. Pok&eacu... read more
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Owning a home isn’t always a happily-ever-after story. On any given day, you might deal with a leaky roof, a weedy lawn or a bad neighbor. Homeowners associations can help with these inconveniences. HOAs are governing bodies found within common-interest communities, such as planned or gated neighborhoods and apartment or condominium buildings. They’re run and funded by residents, and have boards of directors that organize regular meetings, establish and maintain budgets, and enforce rules and regu... read more
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