GLG News by Land Banking Experts (US)

Anthony TrellaCEO/PresidentThe Meranth Company, Inc.

Adapting To The New Normal

February 24, 2010

Analysis of:Adapting To The New Normal | www.uli.org

Success in adapting to today's economic climate will require a commitment to embracing changes in consumer perceptions, capital structures, and real estate product selection. Tomorrow's successful real estate operators and all supporting businesses must search thoroughly for the salient issues that will require adaptation, new strategies and possible restructure. Many answers lie outside of internal capacities and current human resources.

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: A POSITIVE START TO THE NEW YEAR

February 22, 2010

Analysis of:ASKING PRICES FOR LAS VEGAS HOMES FALL 16% | www.lvrj.com

Good morning,       January data suggests that Las Vegas' new residential housing may have taken a slight step forward from last year.   ----->SALES: Resales Powerful; ----->INVENTORY: continued down; and ----->PRICES: remained relatively stable, with one new positive.        Beyond the $1.5 billion for the five worst foreclosure states (including Nevada), one factor may help new home sales for the balance of 2010:  New home sales exhibited the lowest average price per square foot in more than two years

Steve BottfeldPrincipalMarketing Solutions

Las Vegas Residential Sector Begins Recovery

January 18, 2010

Analysis of:Home Sales Finish Strong in '09 | www.lvrj.com

The gradual stabilization of the Las Vegas real estate market was the theme of December’s residential housing data.     Sales continued to gain strength;      Inventory continued to decline; and      Prices remained relatively stable.Perhaps the most striking statistic was that the number of foreclosures was considerably less than expected, down for both the month and the year 2009.Here are the details:

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: Better Than Expected!

December 21, 2009

Analysis of:Brookings Report Finds Las Vegas among Hardest Hit | www.lvrj.com

   November housing data will make the Holiday Season somewhat merrier for the Las Vegas real estate community.  The situation is far better  than was expected.    It is also a tale of two markets – new and resale. To paraphrase Dickens: “It was the best of recent times. It was no longer the worst of times.”   November housing data decorated the holiday with: Stable prices; Solid sales; Declining inventories; and Fewer foreclosures than had been forecast.     Here are the details:

Jim BelfiorePresidentBelfiore Real Estate Consulting

Why Builders are Buyers

December 9, 2009

Analysis of:Fast moves help builders battle slump | www.azcentral.com

A number of uncertainties remain related to the Phoenix housing market. One is not big builders’ interest in keeping a presence here. To keep a presence, they will need to purchase additional lots in which to build homes on. You can count on transaction activity increasing next year.

Steve BottfeldPrincipalMarketing Solutions

A Happy Thanksgiving for Las Vegas

November 18, 2009

Analysis of:NEVADA ECONOMY: State showing some life at last | www.lvrj.com

 This year, October data could make Thanksgiving a happy holiday for Las Vegas real estate professionals. 

Steve BottfeldPrincipalMarketing Solutions

Las Vegas: Beyond the Bottom!

October 20, 2009

Analysis of:ECONOMIC INDEX NOW POINTING POSITIVE | www.lvrj.com

     In a week in which Las Vegas learned the local unemployment rate had skyed to 13.9% … passenger traffic at McCarran Airport slid 1.2% … and Nevada bankruptcy filings jumped 64% in the last nine months …. September housing market data actually comes as relatively good news.      At worst, Las Vegas is scudding along a bottom like a sailboat on choppy water. At best, it may be in recovery.      The key statistics: Prices appear stable. Inventory is still dropping. Sales continue to be strong.

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC

Short Sales Are About to Increase

October 5, 2009

Analysis of:Short Sales: A Fraying Lifeline for Homeowners | www.businessweek.com

Treasury is announcing new terms that they hope will encourage more short-sales. These transactions have not been very effective in the past, and while this is probably not going to be a game changer, it’s wise to expect the incentives could spur some level of increase in short sales.

Howard LiggettPresident and CEODistressed Real Estate Consulting Services, Inc.

Tax Lien Certificates Offer Stability During Unstable Times

October 1, 2009

Analysis of:Tax Bills Put Pressure on Struggling Homeowners | www.nytimes.com

Present estimates of  unpaid property taxes in the United States place the figure as high as $15 billion annually.  The choices available to government officials for remedying this shortfall are limited.  Counties and cities could increase the tax rate,borrow (maybe) the necessary capital,reduce services (again) or sell the tax debt to investors willing to take the risk they will be repaid.  The first three options are distasteful to most property owners,particularly those who pay on time.

Steve BottfeldPrincipalMarketing Solutions

Foreclosures: The Key to the Real Future of Las Vegas

September 21, 2009

Analysis of:New Homes Back in Play for Las Vegas Buyers | www.lvrj.com

Las Vegas housing statistics for August continue to suggest that the residential market is scudding along a bumpy bottom, struggling to find stability in sales, inventory and pricing.But the big story in the August data for the Las Vegas residential market can be summed up in a single word: Foreclosures.

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