Wednesday, December 31, 2008

New single-family homes were sold at an annual rate of 407,000 in November

New single-family homes were sold at an annual rate of 407,000 in November

here is some fresh information by Brian S. Wesbury - Chief Economist Robert Stein, CFA - Senior EconomistDate: 12/23/2008 - enjoy!

New single-family homes were sold at an annual rate of 407,000 in November,slower than the consensus expected 415,000 pace. Sales are down 35.3% versusa year ago and down 70.7% versus the peak in 2005.

Sales were down in the Midwest and South, but up in the Northeast and West.

At the current sales pace, the supply of unsold new homes fell to 11.5months in November. The inventory of new homes fell to 372,000, down 34.7%from the peak in mid-2006.

The median price of new homes sold was $220,400 in November, down 11.5% versus a year ago. The average price of new homes sold was $287,000, down9.2% versus last year.

Implications: New single-family home sales in November dropped to thelowest level since 1991. However, part of the recent decline is due torumors of the federal government making home purchase mortgage loans widelyavailable at 4.5% interest. This possible offer is likely getting manypotential home buyers to postpone their purchases into 2009, to see whetherthe incoming Obama Administration will implement this policy, which wasleaked by the outgoing Bush Administration. Despite the depressed rate ofsales, home builders are continuing to work off excess inventories. Totalnew home inventories are now down to 372,000, a reduction of almost 35%versus the peak in mid-2006. The number of unsold completed new homes - akey factor behind future construction and price changes - peaked in January 2008 at 199,000 and is now down to 172,000, the steepest decline on record.There is more pain to come in the housing sector but the light at the end ofthe tunnel is gradually getting closer. We anticipate that home building andprices will bottom by late 2009, leading to a housing recovery in 2010.
This information contains forward-looking statements about various economic trends and strategies. You are cautioned that such forward-looking statements are subject to significant business, economic and competitive uncertainties and actual results could be materially different. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time and are the opinion of the individual strategist. Data comes from the following sources: Census Bureau, Bureau ofLabor Statistics, Bureau of Economic Analysis, the Federal Reserve Board,and Haver Analytics. Data is taken from sources generally believed to bereliable but no guarantee is given to its accuracy.

Saturday, December 20, 2008

Standing InventoryHomes For Sale - Some Model Homes Available As Well

Manchester Park: (Northwest-Providence)
1524 sq ft $139,990-Lot 125/2
1812 sq ft $192,990-Lot 156/9

Chaco Canyon: (Southwest- Mountains Edge)
1747 sq ft $164,990-Lot 378
1713 sq ft $209,990 (one story) Lot58
3084 sq ft $299,990-Lot 155
3747 sq ft $329,990-Lot148
1861 sq ft $259,990 (prior model) Lot 627
2510 sq ft $279,990 (prior model)
3739 sq ft $414,990 (prior model) Lot 634

Sunset Ridge: (Southwest)
2035 sq ft $189,990-Lot9
2325 sq ft $214,990-Lot187
2035 sq ft $234,990 (prior model) Lot 3
1658 sq ft $199,990 (prior model)

Silver Hills: (Southwest-Mountains Edge)
2464 sq ft $224,990-Lot 179
3027 sq ft $234,990-Lot 216
2844 sq ft $299,990 (prior model) Lot 149
3027 sq ft $309,990 (prior model) Lot 148

Sterling Ridge: (Southwest- Mountains Edge)
1298 sq ft $149,990 (prior model)
1302 sq ft $159,990 (prior model)

Inspirada: (Henderson)
2262 sq ft $279,990 (one story)
Lot 170/12
2114 sq ft $259,990-
Lot 57/14

Friday, December 19, 2008

Foreclosure Home Located In A Gated Community


Las Vegas, NV 89148
Beds: 4.0
Rooms: 5
Baths: 2.00
Sq. Ft.: 2205.00
Garage: 0
Built: 2006

This is a new listing thatI thought you might beinterested in. Visit thislisting online to see morephotos of the property,Google Earth satelliteimages, and much more.

**Bank-owned, Sold As-is** Title w/ FATCO. No SRPD. Buyer obtain/purchase HOA docs. Incl pre-qual w/ offer, contact Stephanie Dibona 775-815-1109 for GMAC pre-qual. Seller offers: 1% toward buyer closing costs for GMAC pre-qual, 2% toward buyer closing costs and 1 yr home warranty for GMAC financing

If you have any questionsabout this property orrequire more information,please feel free to call.Steve HarlessRealty World Luxury Homes(702) 217-1680

Visit this listing at Here
Posted by Steve Harless on December 19th, 2008 10:51 PM

Sunday, December 14, 2008

SW 4 bedroom Foreclosure Property

4 bedroom home with over
3200 sq ft of living space
& 7,000 sq ft lot!

ONLY $304,900

Huge floorplan with formal living, family and dining rooms. Family room features built-in entertainment center & fireplace. Kitchen features tiled counters, island, breakfast bar and more! Enormous master bedroom with open bathroom, large bathtub, glass-enclosed shower & huge walk-in closet w/ organizers. Well maintained, developed yards.

Call Steve Harless - 217-1680 - Realty World Luxury Homes - reference #890711
visit our website - click here

Saturday, December 13, 2008

2 Great Homes In Mountains Edge For Sale

Mountain’s EdgeVillas at Chaco Canyon in Las Vegas

Lot 378: 7189 La Cadena Ave.
Was: $187,741 • Is: $164,990 2-story home, 1,747 sq. ft., 3 bedrooms, 2.5 baths, 2-car garage.

Best new-home value in this beautiful master plan! Open loft at top of stairs, built-in microwave/oven combo, side-by-side refrigerator and automatic garage door opener.

Mountain’s Edge - Chaco Canyon Bonito in Las Vegas Lot 58: 7294 Caballo Range Ave.
Was: $239,224 • Is: $209,990
1-story home, 1,713 sq. ft., 3 bedrooms, 2 baths, 2-car garage.

Single-story living in this great master plan! 9-ft. ceilings, built-in microwave, raised-panel interior doors, surround sound pre-wiring and vinyl windows for energy savings.

Tuesday, December 09, 2008

Deeply Discounted New Properties For Sale

Providence - NW
2 story home -1376 sqft 3 bedroom, 2.5 baths 2 car garage
Was: $157,860
Available now $129,990
Amazing low price! 30 day move in! 9 ft ceilings on first floor, staron counter surface countertops, birch cabinets and microwave in kitchen, upgraded interior doors, baseboards, and stair rails, and automatic garage door opener.
Call Steve Harless ASAP to get this home - 702-217-1680

Click here to see more deals

Sunday, December 07, 2008

Anthem Bank Owned Property - Pool Sized Lot

Priced now at: $ 299,900
5 Bed/3 bath
Spacious floorplan with formal dining area and large great room. Kitchen features granite counters, tiled floors, walk-in pantry and more! Large master bedroom features walk-in closet, large bathtub and glass-enclosed shower. Huge backyard with sandpit and covered patio. Neutral colors. 3-car garage. Developed, desert landscaping.

2,325 sq ft
10,890 sq ft lot size

Saturday, December 06, 2008


Property Type: Single Family Res
ML #: 827754
List Price: $ 165,000
1595 sq ft
Zip Code: 89110
Area: 203
Status: Active
YearBlt: 2000 Bdrs: 3


Friday, December 05, 2008

One in 10 American homeowners fell behind on mortgage payments

One in 10 American homeowners fell behind on mortgage payments or were in foreclosure during the third quarter as the world’s largest economy shed jobs and real estate prices tumbled.
The share of mortgages 30 days or more overdue rose to a seasonally adjusted 6.99 percent while loans already in foreclosure rose to 2.97 percent, both all-time highs in a survey that goes back 29 years, the Mortgage Bankers Association said in a report today. The gain in delinquencies was driven by an increase of loans with payments 90 days or more overdue.

This is currently not the best news to hear in times like this; on the positive side, the Obama Administration may deal with this in a more direct manner then the current administration.

Tuesday, December 02, 2008

Cozy Townhome In Las Vegas

Brand new paint and carpet install 11/30/08* Downstairs tiled floors with fireplace and media niche in living room. Two master suites upstairs with attached bathrooms and walk-in closets* Upstairs den* Ceiling fan in dining area as well as service window to kitchen* Downstairs bathroom* Shaded patio area*
Realty World Southwest Inc
Steven Harless
1) MLS# 887623

2 Bedrooms2 Full Baths1 Half Baths1909 Lot Size1376 Sq.Ft.
Two Story Frame & Stucco 2 Car Garage
Active Built in 1997