We have discussed the buyer-seller disconnect several times. Few commercial transactions have been consumated in the past couple of years as sellers have either refused to lower prices due to a different read of the fundamentals, they cannot liquidate due to capital constraints (writedowns for bank owned) or that they simply do not understand what they own or just replace number driven judgements with hope. Similarly, some buyers are unrealistic about pricing. They often believe that everything is distressed and ca... read more

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 in each s... read more

Coldwell Banker Premier Realty Commercial Agent Honored Second Time as the U.S. Small Business Administration's Choice For 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 / (http://www.myprgenie.com) -- Ron Opfer, Director of Commercial Real Estate Special Asset Solutions with Coldwell Banker Premier Realty, was chos... read more

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.inman.com/bu... read more

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. http://www.reuters.com/articl... read more