Coldwell Banker Premier Realty

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August Figures

The latest print from August
Posted: September 16, 2013 at 1:10 PM by John McClelland

 The August price numbers appear to be a continuance of the trends we have been observing for the past several months. On a price per-square foot basis, sale prices are again higher in the latest print, with the median price hitting $100 per square-foot. That is a figure we haven't seen for a long time. As our readers may recall, we have been encouraging likely sellers to place their homes on the market sooner rather than later and the broad based increase in inventory has largely validated our hypothe read more

Reflecting on July

Posted: August 22, 2013 at 2:58 PM by John McClelland

In the July numbers, increased prices continue to be printed. On a median price per-square foot basis, single family home prices advanced by 3.2% from last month. With the same metric, condominiums and townhomes increased by over five percent. Multiple offers remain commonplace, although anecdotally, this appears to be moderating as we head into a slightly less active season. It is worth noting that on average, homes that closed in July went under contract nearly 70 days prior, so closings do tend to lag th read more

Rising Interest Rates and REITs

Posted: July 18, 2013 at 9:52 AM by John McClelland

Trepp takes a look at the impacts of rising interest rates on REITs. While it is fairly clear that Mortgage REITs can be very sensitive to the interest rate factor, equity REITs stand differently, both in terms of borrowing costs and what interest rates do to the overall consumer spending.    read more

Notices of Default

May Update
Posted: July 12, 2013 at 2:39 PM by John McClelland

While we have seen some increasing inventory, it doesn't appear as though a significant amount will come from the bank owned side anytime soon. We are simply not front loading that pipeline. See the foreclosureradar figures for NOD below. Foreclosure Filings: Nevada > Clark County read more

Blue Zone 2013 Mid-Year Review

Legislative update, market trends and street level knowledge
Posted: July 12, 2013 at 2:26 PM by John McClelland