Coldwell Banker Premier Realty - Lance Hamrick

Lance Hamrick Blog

Housing component of CPI, examination of China RE

Up there, down here
Posted by John McClelland on April 17, 2010 in No Category
We put a lot of focus on the Las Vegas real estate market. After all, we sell large amounts of real estate here. Our view cannot be too myopic however, so observations of global trends are necessary. For the past couple of years I've been looking at China real estate. Its difficult to grasp the magnitude of China's deals because a lot goes un-reported. But I recall seeing cranes everywhere in Beijing and Shanghai. Sure, demographics push a lot of this and a growing consumer base is the genesis of demand for these h... read more
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Residential Investors

Tenants, cap rates and flippers
Posted by John McClelland on April 05, 2010 in No Category
Of all the fancy indicators demonstrating a bubble in home prices, nothing was as telling as shows like "Flip This House" or "Flip That House.” During the time this programming was first presented, I was a consultant thinking that this programming was the equivalent of an "end is near" sign for residential prices. When you have a cab driver or your hairstylist (I’ve never actually had a hairstylist but you may) or the kid across the street that mows your lawn tells you to buy an... read more
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Pricing Update

Hanging in there
Posted by John McClelland on March 31, 2010 in No Category
Yesterday the S&P/Case-Shiller numbers where released. In the seasonally adjusted tiered indices, each index registered a month-to-month increase with the exception of the middle tier which consists of homes priced between $126,631 and $196,595. This was mildly surprising given that we get a lot of requests for homes in these ranges but do not have a large amount of for-sale inventory. We have more listing inventory in the high range. The breakdown for the listing inventory (offered for sale and not und... read more
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Bank of America Cuts Principal for Some Customers

Repost from Black & Lobello
Posted by Randi Kolesar on March 26, 2010 in No Category
Coldwell Banker Premier Realty has partnered with one of the most dynamic, aggressive law firms in Las Vegas to assure our clients are protected during the Short Sale process. Yesterday, it was announced that Bank of America will cut loan principal for some customers. Below is a blog entry written by Black & Lobello's own Tisha Black-Chernine, Esq. Reposted with permission. Bank of America Will Cut Loan Principal for Some Customers On March 25, 2010, in Mortgage, Real Estate, by blacklobellolaw... read more
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Some notes on Valuation

National Rankings and Trends
Posted by John McClelland on February 17, 2010 in No Category
Modern locomotives are diesel-electric hybrids where a diesel drive motor powers a generator that in turn powers electric motors at the drive wheels. Regional economies are dynamic motors that power the locomotive...the United States. While each wheel, the regional economy has its own motor, there is a drive mechanism at the top, chiefly monetary policy and with respect to Las Vegas's regional economy, national employment can be thought of as a drive engine. In Las Vegas we really seek a broad nation... read more
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