Elaine and James Hansen

Elaine and James Hansen
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Tuesday, February 24, 2015

Off to a Slow Start... For how long?

  The New Year usually starts with a Surge of New Sales.
Not this year, even with the crazy low Interest Rates.

For Sellers, you might need to settle for your current level of Equity.
Buyers, Inventory is growing, Interest Rates are Low
and Prices aren't going up yet...

Las Vegas 
Las Vegas price trends graph 
Henderson
henderson price trends graph
N Las Vegas
n Las Vegas price trends graph






Thursday, February 12, 2015

Two Sides of the Same Coin...

Earlier this week Keith Lynam, the President of the GLVAR
The governing body over our local Realtor Association.
Gave a speech and then two different reporters used the same quote.

“January is typically a time when we see local home prices and sales slow down, so this month’s statistics are no surprise,” association President Keith Lynam said. “What’s more relevant to us is how we’re doing compared to the same time a year ago. Compared to last year, home prices are still rising, just at a more gradual pace than they did in the past few years.”

Below are the two Headlines and articles they wrote.

Is it any wonder why people don't have a good understanding of what is actually happening 
with our Real Estate Market.  Or any other issue the media "reports" on...

http://www.reviewjournal.com/news/las-vegas/las-vegas-home-sale-prices-jump-january

http://vegasinc.com/business/real-estate/2015/feb/10/las-vegas-home-sales-drop-while-prices-creep-highe/

Monday, February 2, 2015

2015 Predictions - Opinions are like...

 Opinions are like Belly Buttons...
Everybody's got one!
But this guy is Paid to have His!

NAR Chief Economist Lawrence Yun makes a few predictions about 
The 2015 National Housing Market.  see Video Below.

It all sounds good to me. A Nice Steady Growth / Recovery.
note... 37% Increase in New Home Sales may seem like a Huge number.
It means if we had 100,000 New Homes built in 2014, he's predicting 137,000.