It appears to some that we are back to 2004 to 2006 in regards to multiple offers on many properties.  This time the majority are bank owned properties.  What’s going on??   What’s going on is that the prices have dropped so dramatically that many people can now afford to buy a house again.   In addition to that, investors can now buy a property for a rental and actually have a positive cash flow.  So with the increased demand and the reduction in bank owned inventory, buyers are lining up.  This is both good and bad.  Good for the seller and the one who gets his offer accepted but bad for the many who can’t compete with cash offers or buyers with large down payments.  If you are a buyer, be prepared to write clean sensible offers.  Don’t believe what you hear or read about being able to “steal” a home for just pennies on the dollar.  Are we out of the woods yet?  We don’t think so. Even with signs of multiple offers & lower inventories, we still believe that the housing market will not recover until the economy and unemployment improve.  What do you think?

This week’s guest is Devin Reiss, President of the Nevada Association of Realtors.  Devin speaks on the 2009 legislative session and how the new and proposed changes in the law will affect homeowners and property rights in Nevada.

Our guest on this show is Kenneth Lobene, Director of Housing & Urban Development in Las Vegas.  Mr. Lobene discusses the role of HUD in helping people purchase & retain their homes during this housing & mortgage crisis.  Information, advise & credit counseling services are available from HUD approved agencies without charge to homeowners as well as other available services.

Our guest for this show is Somer Hollingsworth, President & CEO of the Nevada Developement Authority. We discuss how the NDA goes about attracting businesses to relocate to Las Vegas and the challenges and advantages businesses face when they relocate to our state.

Today we speak with Ron Kirsh of Kirsh Media in an off the cuff “man on the street” discussion of how the economy & housing market have affected living in Las Vegas.  Ron gives us his insight into the changes he has seen over the years as a resident, homeowner & business owner.

The President’s Stimulus Package & bank bailout assistance has created changes & opportunities for buyers & sellers in the real estate market.  Our guest Scott Gillespie, a mortgage planner with MetLife Home Loans, returns to discuss the changes in financing that are occuring & how buyers & sellers can take advantage of those changes. Scott also discusses the difference between Conventional, FHA & VA loans and how the requirements differ in the  purchase of  condominiums.  Don’t miss this important interview.

Mortgage Fraud & Loan Modification Scams continue to be a hot topic in the Las Vegas media.  This week was a rerun of the our interview with John Kelleher, Deputy Attorney General & Head of the Mortgage Fraud Task Force.   The interview is found in show #5 and well worth listening to again or for the first time if you missed it.

This week’s guest is Michael Fischer, Sr Vice President of Marketing for Coldwell Banker LLC.  Michael shares the ways the internet has changed the face of real estate for the public & some of the new & innovative marketing improvements available to real estate agents, buyers & sellers.

Neil & Ronnie’s guest is Scott Mitchell, owner of National Property Inspections in Las Vegas.  They discuss the reasons why buyers should have a home inspection on new as well as resale homes and what to look for in a home inspector.

Our guest Michael Courey is the manager of Chase Bank’s Las Vegas Home Preservation Center.   Mr. Courey explains how the center works to help at risk homowners modify their loans and be able to keep their homes.  The center has been successful in giving homeowners a place to discuss their needs face to face with modification specialists one a one to one basis, thereby reducing the amount of time needed to get results.