las vegas real estate: Stuck in a Home - 06/25/08 09:26 AM
I visited with a family last night who feels stuck in their home. They want to move up because prices are amazing in the Las Vegas market. However, they had their home listed for months with an agent before deciding to move back into it and pull the listing. I felt … (2 comments)
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las vegas real estate: National Home Prices More Than 15% from Last Year - 06/24/08 10:15 AM
20 cities are tracked in the S&P/Case-Shiller 20-city Home Price Index. Since April of last year the average home price has droped 15.3%. Many cities dropping every month for the last 21 months.Las Vegas has been the hardest hit dropping 26.8%. Home owners have felt the pinch leading to huge numbers … (0 comments)
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las vegas real estate: Personal Credit Explained on Realtor Web Site - 06/18/08 10:18 AM
Realtor.com explains how your credit history affects your purchasing ability and how late payments and charge-offs and other credit repair methods can damage credit. Currently, when purchasing real estate the credit score means nearly everything with regards to qualification.In Las Vegas we have seen many who would have otherwise qualified in … (0 comments)
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las vegas real estate: Finding a Renter in the Las Vegas Rental Market - 06/16/08 10:10 AM
Many home owners are unable to sell their current home yet they are interested in taking advantage of the low prices and foreclosures. They want to know how they can find a quality renter quickly and affordably.First of all, there are many factors involved in renting. It is good to get … (0 comments)
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las vegas real estate: The Home Isn't Closed Until It's Closed - 06/13/08 10:11 AM
Many home buyers feel like they have made it once they sign the closing documents. However, with consistently changing lending programs a loan may not be available by closing time. Las Vegas Realtors should make sure things are in order before celebrating about your new piece of real estate.A good lender … (0 comments)
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las vegas real estate: Las Vegas Real Estate Agents Selling Significant Number of Units - 06/11/08 09:48 AM
Las Vegas real estate has been in the news for under performing in a big way. However, some agents and teams are selling many units. How? We have bank owned properties and the banks are dumping them.CNN mentions that Realtors with the right ties to banks have listed dozens of foreclosed … (0 comments)
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las vegas real estate: Intense Bidding Begins Housing Boom in Some Parts - 06/09/08 09:43 AM
In Las Vegas many homes have been foreclosed and many banks are dumping the properties. Homes are listed and within hours they have multiple offers. The activity is creating a "boom" according to MSNBC. Some buyers are not able to get in on deals because the prices get bid up to … (0 comments)
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las vegas real estate: Home Buyers Downsizing - 06/04/08 10:11 AM
As could be expected, the housing trend's rise and fall sparked similarities in the size of home people believed they could afford. During the boom it was the McMansion. Now, home builders are releasing smaller models and buyers are selecting them.In Las Vegas, clients are commonly looking for the best deal … (0 comments)
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las vegas real estate: HOAs Cannot Restrict Certain "Green" Technologies - 05/29/08 10:35 AM
The Green Movement is strong and will get stronger. Many are out to improve and conserve our environment. On the Las Vegas RJ a reader asked about an HOAs role in natural energy restrictions. The interesting response is that no governing body can regulate systems used for solar or wind energy. … (0 comments)
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las vegas real estate: National Realtor Web Adds New Service - 05/27/08 09:20 AM
National Realtor web site realtor.com has added a new service to their offering. They have integrated with MicroSoft Virtual Earth to provide a home valuation option. A service like this is important when trying to get a ballpark on homes within a market.In Las Vegas, those interested in real estate may … (0 comments)
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las vegas real estate: Mortgage Loan Counseling - Should It Be a Real Estate Requirement? - 05/21/08 09:35 AM
A lot of emotion gets tied up in a home purchase. Lenders and other professionals are considering mandatory mortgage counseling prior to making a home purchase. Recent housing woes have many searching for methods to avoid future fall out.Las Vegas real estate has been in the forefront with high foreclosure numbers … (0 comments)
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las vegas real estate: Some Real Estate Good News? Housing Starts Up in April - 05/16/08 09:40 AM
The housing starts stats rose by around 8% in April. Apartment construction is adding new units pushing new housing numbers up. Single family housing is still weak but the optimism by contractors represents some recovery after a very slow March.However, before we see a large up turn in these overall numbers … (0 comments)
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las vegas real estate: World's First Billion-Dollar Home - 05/07/08 10:06 AM
We see huge, expensive Las Vegas homes. However, none of them approach the worlds most expensive. Forbes reported the first billion-dollar home.Supposedly, every floor in the 27-story residence is unique driving the price around $2 Billion. It has around 400,000 sqft of interior space. It will be located in Mumbai. It … (0 comments)
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las vegas real estate: Local Real Estate Markets May Get Involved in Housing, Literally Buying and Selling Homes - 05/06/08 11:03 AM
An article in CNN this morning was very intriguing and will likely spark some political skirmish. As mentioned in the article:
"Under the House plan, the Department of Housing and Urban Development would dole out the loans and grants based on the number of foreclosures and home prices in an area. Cities … (0 comments)
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las vegas real estate: Las Vegas Aliante Community Offers Incentives - 05/05/08 10:00 AM
The Aliante community in North Las Vegas is offering considerable incentives to home buyers. They claim to be offering very competitive pricing and financing options.Many Las Vegas communities are offering significant discounts and doing everything they can to attract qualified buyers. These builders have been competing with existing home prices and … (0 comments)
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las vegas real estate: Housing Mortgage Interest Rates Rise Slightly - 05/02/08 11:00 AM
Interest rates on mortgages have remained relatively low in recent months. They have risen slightly to 6.06% from around 5.5% in previous months. Bankers have concern for inflation and are adjusting accordingly.What does that mean if you are purchasing Las Vegas real estate? It means there are still some great deals … (0 comments)
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las vegas real estate: The Las Vegas Recent Downward Price Adjustment Seen as Largest in Nation - 04/30/08 09:14 AM
Following years of appreciation marked at 30-50% per year, the Las Vegas housing market has dropped in value some 22% as it readjusts. Foreclosure trends, mortgage issues, and economic factors have curbed the previous growth. Many buyers remain on the edge awaiting better news before taking the plunge. Many say late … (0 comments)
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las vegas real estate: Investors Buying Up Las Vegas Foreclosures - 04/29/08 09:41 AM
Articles like this one: Yahoo, illustrate the investment potential in the Las Vegas real estate market today. Hundreds of foreclosures are for sale and in order to compete new home builders are offering amazing deals. Our team is selling several foreclosures a month directly from reputable banks. We have dozens listed … (0 comments)
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las vegas real estate: Vacant Homes for Sale Are Up - 04/28/08 11:45 AM
US homes for sale and that are vacant is up. That's a likely scenario in Las Vegas as well. Either people move and wait while a home sells or banks leave it empty while the home sells as a foreclosure. Reportedly:
"The Census Bureau report shows that shows that 2.9 percent of … (0 comments)
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las vegas real estate: Las Vegas Home Sellers Be Prepared for Anything - 04/25/08 09:24 AM
Some Las Vegas home sellers are trying everything to sell homes as they retain high values. It also appears to be a national challenge. Reportedly, sellers hire Realtors, feng shui experts, etc. We've seen them make cold calls, throw in autos, trips, etc.
"In such a hypercompetitive market, you have to go … (0 comments)
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