Robert Stein’s Blog

So, what else is new?

Robert Stein — Thu, 28 Apr 2011 10:58:00 GMT

Dear readers:

The same story continues to be told in Las Vegas. The investors love us though. Prices down and sales up. No voodoo economics here. See the link below from today's paper.

Have a great day, Bob

http://www.lvrj.com/business/las-vegas-home-sales-up-prices-continue-to-decline-120791959.html

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Housing Revival?????

Robert Stein — Fri, 15 Apr 2011 08:25:00 GMT

Dear Readers:

The article in the link below from today's newspaper provides the guesstimate of one of the local analysts on the timing of the anticipated housing revival. Read it at your peril.

Have a great weekend.

Bob

http://www.lvrj.com/business/analyst-housing-recovery-three-four-years-away-119863669.html

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Las Vegas Foreclosures.

Robert Stein — Wed, 13 Apr 2011 09:07:00 GMT

Dear Readers:

Today's paper (Wednesday April 13, 2011) had an article that discussed foreclosures in some depth, in particular how and why they jumped sharply in March. An interesting read, particularly because one of our local agents was quoted on the subject. This is "hump day" so have a good rest of the week on the downhill run.

Best regards, Bob

http://www.lvrj.com/business/nevada-foreclosure-sales-rise-sharply-in-march-119710399.html

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Ghost Town, Don't you believe it.

Robert Stein — Sun, 10 Apr 2011 11:05:00 GMT

Dear Readers:

An interesting artile in today's paper. It seems that the census numbers would have you believe that Las Vegas is a ghost town. Read the article - link below - for yourself and get the straight skinny.

Best regards on a sunny but cool Sunday morn. Bob

http://www.lvrj.com/news/census-many-las-vegas-areas-are-nearly-deserted-119557939.html

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Downsizing debunked!

Robert Stein — Sat, 09 Apr 2011 09:56:00 GMT

Dear Readers:

It has been a while since I Sent forth some information in this forum and I apologize. I have been a bit busier than usual and that is good. Today I noticed an article in the local paper that goes against the prevailing wisdom of "retirement means downsizing". (See link below) The article doesn't particularly cover the retiree but they are in the mix. I, for example downsized from a 1700 square foot town house to a 2700 square foot final home. Not so much to get more space but because the design met our needs. I now have a nice size office/library which serves me well being able to accomplish Real Estate tasks as well at home as I can at the "office". Ya'll have a good weekend , ya hear.

Bob

http://www.lvrj.com/real_estate/recent-study-shows-homebuyers-crave-more-space-not-less-119527624.html

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Where is the bottom?

Robert Stein — Wed, 23 Mar 2011 08:58:00 GMT

Dear Readers:

The title of today's article of interest says it all. Even the "experts" can't figure out the market. We do know one thing, however, the February inventory was in excess of 14,000, down from January by 1,000. The high percentage of distressed properties slows things down considerably. I, personally, have a short sale with a very patient buyer. We submitted the original offer in early June last year and have not received a final decision from the bank at this writing. See the link below.

Best wishes to all, Bob

http://www.lvrj.com/business/las-vegas-home-prices-down-5-2-percent-from-last-year-118443994.html

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Three "F" Words in one title.

Robert Stein — Wed, 09 Mar 2011 10:27:00 GMT

Dear readers:

Don't let my blog title scare you away. The author of the article presented here today wrote a title of "Flippers Flock to Falling prices". Perhaps he was going for a bit of alliteration.

Regards to all,

Bob

http://www.lvrj.com/business/home-sales-prices-rebound-in-february-117596943.html

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Status Report - Las Vegas Real Estate

Robert Stein — Fri, 25 Feb 2011 09:09:00 GMT

Dear Readers:

This article in today's paper has the overall status of the market. Some good, some not so good, depending on how you look at it.

Have a good weekend.

Bob

http://www.lvrj.com/business/las-vegas-existing-home-sales-fall-median-price-at-115-000-116861648.html

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More "Great" news

Robert Stein — Wed, 23 Feb 2011 09:10:00 GMT

Dear readers:

It has been a while since I have addressed you. My apologies. I have been quite busy - that's good - and there have been no appropriate newspaper articles on Real Estate for which to provide links. As I am sure that you have noticed, I do not write original pieces. But enough excuses, check the link below for recent pricing analyses which should be encouraging to investors.

My best wishes to all of you.

Bob

http://www.lvrj.com/business/home-prices-hit-new-lows-in-valley-nation-116720229.html

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More unwelcome news.

Robert Stein — Fri, 21 Jan 2011 09:00:00 GMT

Dear Readers:

This morning's paper provided still more analysis on the housing market in Las Vegas that is not particularly welcome. The link below will take you to the full article.

Best regards and have a pleasant weekend, Bob

http://www.lvrj.com/business/analyst-says-las-vegas-home-prices-still-have-room-to-fall-114298184.html

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More Foreclosures?

Robert Stein — Fri, 14 Jan 2011 09:00:00 GMT

Dear Readers:

This in not, particularly, good news but if you don't already know this you should. A prediction of more foreclosures in 2011. See the link below.

Don't forget to pass along my contact information.

Best regards, Bob

http://www.lvrj.com/business/realtytrac-predicts-1-2-million-homes-will-be-repossessed-in-2011-113575309.html

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Latest thoughts on prices.

Robert Stein — Thu, 13 Jan 2011 10:53:00 GMT

Dear Readers:

In today's newspaper an article describes the idea that Las Vegas is a wild card when predicting the movement of housing prices. Please see that link below for the full article.

Additionally, if you are aware of anyone thinking of a move to Las Vegas please remember to pass along my name and web site.

Best regards, Bob

http://www.lvrj.com/business/las-vegas-home-prices-continue-to-fall-113385884.html

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One man's idea of the problem.

Robert Stein — Wed, 12 Jan 2011 08:46:00 GMT

Dear Readers:

In today's Las Vegas newspaper the article linked below contains the writer's opinion on a major source of today's short sale problem. I thought that this article might be of interest to those of you that may be dealing with or thinking of dealing with a short sale. If you are thinking of finding a good deal for a home or an investment in the Las Vegas metro area, don't forget to check with yours truly for ethical and helpful service. If you have not done it already, go to the "About Bob" button on the front page of this site and check me out. I do have the SFR certification. That stands for "Short Sale and Foreclosure Resource". I am the resource in case the title is confusing.

Best wishes to all, Bob

http://www.lvrj.com/business/panel-tackles-nevada-s-home-foreclosure-crisis-113306194.html

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New regulation

Robert Stein — Wed, 05 Jan 2011 09:43:00 GMT

Dear Readers:

Happy New Year to all. In todays local newspaper the newly installed President of the Greater Las Vegas Association of Realtors discusses the new regulation requiring an energy audit when buying/selling a house. Please see the link below for the details.

Best regards, Bob

http://www.lvrj.com/business/new-regulation-on-home-energy-audits-has-waivers-112906434.html

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New vs Resale Comparison

Robert Stein — Wed, 22 Dec 2010 08:58:00 GMT

Dear Readers:

Wow! Two days in a row. Today's article from the paper has some interesting comparisons, though. A couple of ideas herein are a bit late in coming. Realtors have been complaining for quite some time that the banks were taking the wrong tack in concentrating more effort on foreclosures than short sales. It seemed that everyone except the banks knew that they would realise more return from a short sale than from a foreclosure. But, I ought to let you read it for yourselves.

Best regards and Merry Christmas to you all.

Bob

http://www.lvrj.com/business/las-vegas-new-home-sales-down-in-november-112258019.html

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Bad News again

Robert Stein — Tue, 21 Dec 2010 10:42:00 GMT

Dear readers:

First I would like to wish those of you that return periodically to this location a very Merry Christmas and a happy and prosperous New Year. If I might be allowed to add a point of good personal news, I recently sold a listing for a very nice $550,000.00. This property, in Sun City Anthem in Henderson, NV, is a really beautiful home with a pool and a view of Las Vegas that is outstanding.

That good news is contrasted with the newspaper article in today's paper that says that Las Vegas is number 98 of the worst 100 economic metro areas of the country. See the link below.

Happy holidays to you all. Bob

http://www.lvrj.com/business/report-las-vegas-economic-recovery-nearly-worst-in-nation-112210524.html

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Status report

Robert Stein — Thu, 09 Dec 2010 07:11:00 GMT

Dear Readers:

This article, found in today's local paper, provides a pretty fair status report on the current situation of the Real Estate market in Las Vegas. See the link below.

A merry Christmas to all if I don't blog you again in the next few days.

Bob

http://www.lvrj.com/business/single-family-home-sales-rise-6-8-percent-prices-up-111541499.html

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Hotel rates

Robert Stein — Wed, 08 Dec 2010 09:05:00 GMT

Dear readers:

Tobay's blog is not so much about Real Estate as it is information of value to those of you that might be contemplating a Las Vegas New Years weekend. We have good weather, good shows and reduced rate hotel rooms as indicated in this article. Make your reservations early and HAVE FUN!!

Merry Christmas and Happy New Year,

Bob

http://www.lvrj.com/business/new-year-s-room-rates-flat-111512489.html

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Status Report

Robert Stein — Wed, 24 Nov 2010 12:39:00 GMT

Dear Readers:

The link shown below will take you to an article in today's newspaper that provides the general condition of the LV housing market. This is not in great detail but it will give those of you that are intrested an idea of what is going on here.

I wish all of you a very happy Thanksgiving.

Bob

http://www.lvrj.com/business/home-sales-down-resale-prices-sink-to-1996-level-110222199.html

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Investors and cash

Robert Stein — Wed, 17 Nov 2010 09:01:00 GMT

Dear Readers:

In today's newspaper we find an interesting article on a somewhat limited subject - that of investors with cash money. We have a significant number of investors with cash that are buying inexpensive properties such as 70 to 80 thousand dollar condos and turning them over for a quick profit, in other words they are "flipping" them. See the full article via the link below.

A happy Thanksgiving to you all,

Bob

http://www.lvrj.com/business/unfazed-investors-shell-out-cash-for-distressed-properties-108631749.html

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