The CBOE has a futures contract based on Radarlogic's RPX indices. This product is starting to gain interest as one investor bought 26,490 contracts. From John Angelos at the CBOE: http://communities.cboe.com/t5/What-s-On-Our-Minds/An-Overveiw-on-RPX-a-Residential-Real-Estate-Home-Price-Futures/ba-p/3199?goback=%2Egde_1128757_member_135864601    ... read more

*Press release courtesy of Coldwell Banker Commercial Premier Coldwell Banker Commercial Premier is proud to announce the successful lease of ±6,449 square feet at 3085 E. Flamingo Road to Proud Moments ABA, a nationally recognized behavioral health organization specializing in Applied Behavior Analysis (ABA) therapy. With this lease, the ±8,334-square-foot building situated on ±0.68 acres reaches 100% occupancy, reinforcing both the strength of the submarket and the property’s long-term... read more

The Case-Shiller home price indices were released yesterday. Nearly all 20 cities experienced a decline. The reading is from August. The Las Vegas aggregate index saw a .1% increase. Of course, when you are dealing with increases this small and measurement error, the true population of prices could be anything. Up, down or flat. Nevertheless, it was actually surprising that it did not slide down further. There may be some lingering support from the homebuyer tax credit extensions (which went until Sept 30). In addi... read more

Today the Case-Shiller numbers were released and in Las Vegas, as most cities, prices registered a decline. However, as one can see from the tiered indices below, those declines have recently been moderating. Since these figures reflect January, these numbers are likely to depart from what is being estabished now. Inventories, which are largely being held back artificially and because of legal and proceedural rigidities, are at extreme lows unseen since the boom days. As a result, multiple offers are the norm, not ... read more

Today the Standard & Poors Case-Shiller home price indices were released. There are always a lot of articles that come out after this release. Many are focused on year-over-year changes and few consult the seasonally adjusted figures. Further, many people don't know that Standand & Poors also calculates tiered price indices. These are homes grouped by price tiers, that way we can make even better comparisons. Like granny smith apples to granny smith apples versus comparing granny smith to Blenheim (yeah I h... read more