Hello Susan, I have been doing Great Thank you for asking. The market here in Las Vegas is not flooded with Bank Owned Homes at least they are not yet listed. Bank Owned properties only account for 22% of our current inventory but 80% of monthly sales are bank owned. Last month we set a record for the number of homes Sold in one month. There was over 4,700 homes homes sold in the month of June. We are expecting to see more REO properties to hit the market but Im just not sure when the bank will release more of there inventory.

Take care

Hi Susan, I'm very new to real estate sales. In addition to working closely with my broker, I'm trying to learn everything from developing prospects to identifying software that will help me (on a shoestring budget) along with any online reading material that may help me to refine my skills and knowledge.

Always appreciate your comments, I need to do that more...I read ,more than I comment...thanks for being a great networker.
Yes, our market has picked up momentum since last Summer. We wemnt fro 15 months of inventory to just under 6 months worth in about 14 months (sinca last January '08).

Keep selling and continued success!

Ok here comes the crossfire;

Open houses are taking place online every day in our buyers' bedrooms, at their kitchen tables and offices, utilizing photos and virtual tours and MLS-based websites, etc.

The traditional "open house" is old school real estate clinging to the past. I know, I know...since 1989 've done my share of them too and I'm a third generation Realtor (our family are Realtors since 1953)so I am quite traditional in many ways. But let's be real...

We all know they are to meet buyer and future neighbor sellers, they are not designed to sell the house.

I rarely do them for the public since 2007, I always do them for the broker tour though and I allow the pubic access on those days.

When you work by referral,time is better spent with 2009 marketing ideas and servicing your past and present clients...in my bold-humble opinion.