http://activerain.com/blogs/vegasmortgagegal en-us http://activerain.com/blogsview/506982/las-vegas-real-estate-sales-continue-to-improve <p>The buzz of good news continues to travel across the mouths of&nbsp;industry professionals such as real estate agents, loan officers and escrow agents who for the last 10-12 months have seen enormous decreases in activity leading to unemployment or change of professions.&nbsp;&nbsp;</p> <p>The good news we're seeing is an increase in the amount of home sales of Single Family Residences.&nbsp; Sales&nbsp;rose almost 30% for the&nbsp;month of April 2008 as compared to the same&nbsp;month in 2007.&nbsp; Also good news to report is a fourth consecutive month of sales increases.&nbsp; We haven't seen&nbsp;an&nbsp; increase like this since September 2005 according to the Greater Las Vegas Associations of Realtors.&nbsp;&nbsp;</p> <p>22,942 single family homes still remain&nbsp;on MLS, but stability is a nice result to finally see.&nbsp; For those still shopping the market for a <a href="http://www.lasvegascustomloans.com/8-tips-to-purchasing-a-home-in-las-vegas-in-2008.html">great Las Vegas home buy</a>, my opinion is that we may still see some decreasing values between now and this same time next year.&nbsp; Those&nbsp;homeowners who had 3 year Adjustables that closed in 2006 will be seeing their adjustments take place on their loan in 2009.&nbsp;&nbsp;If the value was still present, they could simply refinance.&nbsp; But the horrible result of this whole mess is that values are not where they need to be - especially for people who took the 100% financing option.&nbsp; If those homeowners cannot buy down the principle balance to refinance, then another wave of foreclosures is on the horizon.&nbsp; However, keep in mind activity has already picked up and if you are looking for a gem, then the gems will be the ones to go first.&nbsp;&nbsp;</p> <p>My recommendation is</p> <ul> <li>get familiar with an agent and get set up on an alet&nbsp;system with them to keep an eye on a specific home, or a specific area.&nbsp; Be ready to move when the home you want&nbsp;is available.&nbsp;&nbsp;</li> <li><a href="http://www.lasvegascustomloans.com/loan-process.html">Get your documents together</a> so you can speak with a lender - that's always the not-so-fun part of the whole process</li> </ul> <p align="center"><strong>If you are curious how to qualify for a home loan<br />contact me<br />Casey Moseman<br />702-271-1274</strong></p> Casey Moseman (Envision Lending Group) Mon, 12 May 2008 13:05:42 -0500 http://activerain.com/blogsview/506982/las-vegas-real-estate-sales-continue-to-improve