Coldwell Banker Premier Realty

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More on Repeat Sales Indices

Morgan Stanley Cautions about shift-n-mix, Costar Commercial Index
Posted: August 09, 2010 at 5:15 PM by John McClelland

We have a bit of a fascination with real estate price indices. This is simply because of the disparity in different measurements. At Market IQ, we tend not to like average prices since averages are sensitive to outliers. However, when we go out with buyers and look for homes, we tend to "feel" the average more than any other number so it does have its utility in describing the market. Medians are useful but imperfect as well since like averages, they are affected by the changing mix of home sold i read more

CBPR Agent, Ron Opfer, Honored as the US Small Business Administration's Choice

Posted: August 04, 2010 at 3:29 PM by Kristi Pritchett

Coldwell Banker Premier Realty Commercial Agent Honored Second Time as the U.S. Small Business Administration's ChoiceFor only the second time during this current commercial real estate market challenge, the SBA lists another building for sale -- opting to work with the real estate profession who represented the agency previously Las Vegas -- Aug 04, 2010 / ( -- Ron Opfer, Director of Commercial Real Estate Special Asset Solutions with Coldwell Banker Premier Realty, read more

Top Cities for Absentee Buyers

Of Course, Las Vegas is Present
Posted: July 09, 2010 at 11:41 AM by John McClelland

On this blog we have discussed several times about the amount of investors absorbing inventory in our market. We've bought a lot of homes for investors in the past year but it has really piled up in the past few months. Many of these properties obtain solid returns, especially among older properties which are often getting 8-14% ces. It is difficult to find these returns in any asset class in today's world. Inman News has a great article on this phenomenon in Las Vegas and elsewhere.http://www.inma read more

Tax Credit Update

Posted: July 09, 2010 at 10:48 AM by John McClelland

The extension on the closing date for the homebuyer tax credit has been signed. This is an extension on the closing date of homes under contract before April 30, not a Homebuyer Tax Credit Part III: The Credit Continues. This extension will help homebuyers obtain the credit on homes that otherwise would have missed the June 30 deadline. Good news for buyers under contract, especially for Las Vegas in which a lot of inventory is short sale. These often take several months to close. read more

Tax credit and interest rate update

Tax credit extension goes down with Jobs bill failure, mortgage rates at all time lows
Posted: June 25, 2010 at 2:04 PM by John McClelland

The extension of the tax credit until September 30 for homes under contract died with the Jobs Bill that failed to pass yesterday, which included other features. So Wednesday of next week is the true deadline to close. These contracts have already been signed so this shouldn't impact sales as long as buyers truly have the cash to close. The continued upside for buyers are continually low interest rates. A record low according to's 25 year survey. We were generally wrong in thinking int read more