Rally to Protect the American Dream...

Ok... I'm trying to remember how I popped into Realtor.org. Can't remember the last time I was there... I can't even remember how I ended up there last night.

However... I did come across something somewhat memorable and it was this whole Rally to Protect the American Dream thing that is scheduled to take place in Washington D.C. on May 17th, 2012 sponsored by the National Association of Realtors® for a whole 1 hour and 30 minutes. First time I've heard about it..

Hmmmmmmmmmmm...... Is this a Rally to protest the Nonsense out of D.C. and how "programs" have set real estate back several years at an enormous cost to U.S. Taxpayers? Is this a rally to protest the complete incompetence of Fannie Mae and Freddie Mac? Is this a Rally to protest how Banks have taken over real estate?

I'm getting a little excited and checking my schedule... (Not really) A great little protest to blow off some steam and letting some politicians paid off by Wall Street hear all about it should be some great fun!

Then I read this statement:

We must have a sustainable, durable housing economy for generations to come. Congress and the President should see their job as bolstering the housing economy and strengthening our commitment to the country's health. If the housing market continues to falter, the economy cannot fully recover.

Sigh... letting off some steam and dreams of throwing awards are gone. Just another pandering rally to lobby to do even more damage to the real estate market (and economy) by asking the Federal Government to get involved even more.

Have we not learned anything over the past eight years?

Where in the U.S. Constitution does it state that "It's the Job of Congress and the President to bolster the Housing Economy?"

Ludicrous... Since when did the American Dream mean that Americans should pay more?

My Opinion ... and has been for several, several years...

Congress and the President Need to GET OUT of Real Estate. Get out of our way and concentrate on getting OUT of the way for small, private businesses to FLOURISH again. Small, private businesses are the backbone of the economy and small business owners have taken an ABSOLUTE beating for the past six years.

End the Crony Capitalism. End the Pandering Programs... End anything to do with the Federal Government interfering with States rights when it comes to real estate and business. Follow your Job Description outlined in the U.S. Constitution.

STOP the NONSENSE of thinking that round pegs can fit into square holes.

LET THE PROFESSIONALS DO WHAT NEEDS TO BE DONE to clear out the mess that was created from a BAD experiment to begin with that artificiallly raised home values and sunk Americans into Debt.

High home Values equal Big Home Loans -- Great for Wall St. - Bad for Main Street. End the Fed bailing out Big Banks that made Bad Decisions. Printing up Trillions of dollars and raising the cost of living for Americans is NOT going to help housing in the long run.

The "American Dream" has nothing to do with being in debt over your head. It's all about being able to get ahead in life and not being enslaved in debt.

Sorry - But the Real Estate Recovery has Been Delayed BECAUSE of Government Pandering to Wall St.

The real estate market recovery (whatever that means to you) will happen when the economy is healthy again. The economy is not going to get healthy because of real estate or home values. That's been the big mistake of the past decade that led to this whole mess to begin with.

Obviously... I won't be going to this Realtor® party in D.C. Personally.. I really don't want to spend a dollar in D.C. because I think FAR too much money is going there already....

Honestly... I'm sort of cringing to know that some of my REALTOR dues are going towards sponsoring this nonsense. The proper education of 800,000+ voters should be FAR more then enough of an influence without spending one dollar in Bribes "campaign contributions".

Sorry... I'm not part of the Sheeple that think Government is the solution and thinking that I need to participate in this is insulting.

For a stunning chart of how Government Intervention with real estate "programs" have created real estate bubbles in the past... check out this History of Real Estate Bubbles in the United States.

Besides that... why in the world does anybody want to be saddled with BIG MORTGAGES?

Does a Great Real Estate agent sell homes that their buyers can't afford... or does a Great Real Estate Agent sell homes that are easily Affordable? What's more important, High Home Values or High Home Affordability?

Why would any True Real estate professional support programs that are attempting to keep artificially high home values, artificially high?

If you want to Make it a Little More Exciting where I MIGHT Consider Going...

Let's talk about demanding that Congress and the President get OUT of the Way... Let's talk about the incompetence of Fannie Mae and Freddie Mac... Let's talk about repealing the Dodd-Frank bill.

An hour and a half? Forget that...

Do it right and Occupy D.C.

Get some real speakers such as Peter Schiff, Thomas Sowell and Jim Rogers. People who saw the collapse of the real estate bubble and the reasons why...

Pandering to Politicians in D.C. is the wrong way to go.... end it now and stop wasting my money.

Just my thoughts...

Paul Francis
Prudential Americana Group, REALTORS
Las Vegas Real Estate
702.592.3058

Henderson Real Estate Report - February 2012

Home sales in Henderson NV showed improvement in February, rising 72 units from January. Year-over-year sales were also encouraging, rising 20.3% with 592 Henderson homes sold, compared to 492 in February 2011. The current mix of available Henderson homes for sale is 45.8% regular sales, 37.8% short sales and 16.4% bank owned properties.

The median selling price for single-family homes in Henderson is down 5.88% from February 2011 to February 2012. At $160,000, it has remained with the range of $155,000 - $165,000 for one year.

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 601-606

Henderson neighborhood real estate reports - 4th quarter, 2011:

Previous Henderson real estate reports:

Henderson Real Estate Report - December 2011
Henderson Real Estate Report - November 2011
Henderson Real Estate Report - October 2011


More about Henderson NV:

Henderson Nevada - Demographics
Henderson Nevada - Fast Facts

Read more about Henderson real estate and living in Henderson at www.HendersonRealEstateGuide.com.

This Las Vegas Short Sale home had 2 mortgages and 3 liens on the property and Dawn was able to negotiate that all the liens were paid off from the proceeds of selling the home thru the short sale process.

The first mortgage on the property was Bank of America and Dawn negotiated that they would waive their right to pursue any deficiency.

Another North Las Vegas Short Sales You Tube Video -Bank of America Short Sales

North Las Vegas Short Sales You Tube Video | Bank of America Short Sales

Las Vegas Real Estate Report - February 2012

Home sales in the Las Vegas real estate improved slightly in February, mirroring last year's results. A total of 2,416 Las Vegas homes sold in February versus 2,167 in 2011 -- an increase of 11.5%. The current available inventory is 44.5% regular sales, 39.6% short sales, and 15.9% bank owned.

The median selling price for single-family homes in Las Vegas is down 5.42% from February 2011 to February 2012. At $117,000, this is the 8th consecutive month under $120,000 as distressed inventory continues to exert downward pressure on prices.

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.


Previous Las Vegas real estate reports:

Las Vegas Real Estate Report - January 2012
Las Vegas Real Estate Report - December 2011
Las Vegas Real Estate Report - November 2011
Las Vegas Real Estate Report - October 2011

Las Vegas Real Estate Agent Housing Market Update -Foreclosure Homes for sale in Vegas for March 9, 2012

As you can see from some of my previous updates we are still seeing our inventory drop, even with homes coming on the market, the good ones are of course going under contract quickly, even if they are Las Vegas Short Sales

We are now below 7,000.

There are approx 6,933 homes for sale in the Las Vegas area that do not have offers on them per the local MLS.

Of that there are less than 1,099 of them that are foreclosures.

This is for single family homes without contracts on them.

Our pending and homes with contracts on them are approx .... 12,261

Las Vegas Real Estate Agent Housing Market Update~ March 9, 2012

The Las Vegas area homes available for offers has continued to drop again this past month largely in part to the foreclosure law law AB 284 that took effect on October 1, 2011.

Sooner or later there will be more foreclosures hitting the market, the big question will be if the banks have learned how to control the market by releasing them slowly.

Las Vegas Homes For Sale Inventory DROPS BELOW 8,000 02/21/2012

Las Vegas Homes Inventory Still Dropping! Las Vegas Real Estate Agent Market Report Jan 31,2012

Until then: What this means for you as a Las Vegas home buyer is.....less homes to choose from and when you do see one you like, don't wait, get your best offer in right away. You need to make sure you are PREAPPROVED to buy before you start your home search. If you are ready to take that step to get preapproved give me a call.