Loralee Wood Blog

Will the Raiders Relocation Kick Off a Housing Market Blitz

A White Paper
Posted by John McClelland on June 15, 2017 in No Category
The Raider's move to Las Vegas is something that Las Vegas residents can be proud of and visitors will enjoy seeing. Our city continues to be one of the most exciting, growing areas in the country. Now that media publications have been trumpeting the move, we decided it was important to take a look at some the potential impacts the relocation may have on housing. CLICK THE IMAGE TO DOWNLOAD THE REPORT SUMMARY OF FINDINGS We see the Raiders move to Las Vegas as strongly positive, but as part of a... read more
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Low Housing Inventories

A local and national problem
Posted by John McClelland on May 10, 2017 in No Category
We recently examined for-sale home levels in Las Vegas, as shown in the chart below. Although inventories are not as low as they were in 2013, when investment activity was intense, inventory is historically low. Some submarkets and price ranges are extremely constrained. Based on recent sales levels, months-of-supply in the $150,000 - $250,000 range has fallen below one month. Low inventory is not just a local issue but is noted to be an issue in many U.S. markets. Based on today's levels and increasing p... read more
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Coldwell Banker announces Global Luxury

Previews International fades into sunset
Posted by Peter Poggione on April 26, 2017 in No Category
The world is more interconnected than ever before, and luxury real estate is evolving to remain ahead of the curve. Today Coldwell Banker Real Estate LLC unveils the Coldwell Banker Global LuxurySM program, reflecting the globalization of modern luxury. With a footprint spanning 49 countries and territories, the Coldwell Banker® brand has been a leading name in global luxury real estate. Every day, affiliated Coldwell Banker luxury property specialists handle approximately $130 million in luxury home... read more
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Student Loan Debt as a Challenge to Homeownership

New Fannie Mae Solutions
Posted by John McClelland on April 25, 2017 in No Category
Housingwire.com reports that Fannie Mae has come up with several solutions to help with student loan debt, which has been problematic for a large swath of potential mortgage borrowers. Forbes has published statistics that find that total student loan debt in the U.S. is $1.31 trillion with 44.2 million borrowers. In Nevada, the average student loan debt is $23,462. Even with these basic figures, we can start to get a view of the scope of the challenge.In an attempt to tackle this issue, Fannie Mae's ... read more
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Single Family Home Price Update

Case-Shiller Update
Posted by John McClelland on March 03, 2017 in No Category
Periodically, its good to put recent price changes into perspective by zooming out and looking at a longer time period. A lot of the headline numbers today are talking about Las Vegas price changes and while year-over-year and month-to-month changes can be important and useful a little more context about where we have come is interesting.The charts below update our previously published exhibits that note key points of interest along the time series. Generally, prices have been increasing in a relatively s... read more
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