las vegas real estate market: Las Vegas Ranked 3rd Highest Metro Area for Foreclosure Filings - 07/25/08 07:07 PM
Las Vegas ranked as the 3rd highest Metro area for foreclosure filingsin the second quarter of 2008. 1 in every 35 households received a foreclosure filing! There were 21,742 reported foreclosures filed in the second quarter of 2008. That's an increase of 25% from the first quarter and a whopping 144% from … (2 comments)
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las vegas real estate market: Bottom's Up...and Over! - 06/12/08 05:26 PM
Originally posted on http://primerealestatelasvegas.wordpress.com
So here’s something you won’t see on the 6 o’clock news…statistical data that shows how the Las Vegas / Henderson, NV Real Estate Market has already bottomed out!
Equity Title of Nevada has just come out with a report demonstrating how the local real estate market bottomed … (2 comments)
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las vegas real estate market: 3417 Thom Blvd For Sale in Las Vegas - 06/02/08 07:05 PM
I have recently listed a wonderful property I'd like to share with the world. It's a beautiful single story home on over 10,000 sq ft lot. It has 2211 sq ft, 4 bedrooms, 2 baths, and a 3 car garage. As you walk into the house, you are greeted by a … (0 comments)
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las vegas real estate market: Are you marketing to where the market is going or to where it has been? - 05/08/08 06:16 PM
As a young boy Wayne Gretzky's father told him "skate to where the puck is going, not to where it has been" by following that advice he was a star at a young age. By the time he was 17, he was playing for the Indianapolis Racers in the World Hockey … (0 comments)
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las vegas real estate market: 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 market: 5 Signs of a Las Vegas Housing Market Pickup - 03/26/08 09:44 AM
There are indicators to watch for that suggest a market pickup. Las Vegas Realtors watch for these things, as outlined in Realtor Magazine:
New Jobs vs. New Housing - Historically, one new hom owner is created for every two new jobs. If there are more jobs being created and builders are not … (0 comments)
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las vegas real estate market: FHA Loan Limit Raised to $400,000 in Las Vegas - 03/15/08 09:54 PM
Las Vegas Real Estate Career Tip: Discover the benefits of the FHA loan.
HUD’s Federal Housing Administration (FHA) is temporarily increasing its loan limits (until December 31, 2008) in Clark County, NV to $400,000 (from $304,000) as part of an economic stimulus plan that will enable more families to qualify for a … (0 comments)
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las vegas real estate market: Las Vegas Real Estate Market Statistics (2007 January Month End) - 02/11/08 10:18 AM
Summary: The number of listings slowed due to seasonal factors. The average days on market have remained consistent. The median prices have dropped considerably. The number of home sales is slightly up from previous months.Las Vegas Listings: (view chart)Listings in January were similar to previous months. The curve matches other years.Las … (0 comments)
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las vegas real estate market: Local Housing Shortage Predicted for Las Vegas - 11/17/07 05:24 PM
Just as you are getting tired of the nightly news attempting to crush the Las Vegas real estate market, here comes the report about a future Las Vegas housing shortage that we've been predicting in our Blog posts for some time. I guess the news media have decided that real estate bad … (2 comments)
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las vegas real estate market: How To THRIVE in the Current Real Estate Market - 11/10/07 04:28 PM
Our current real estate market in Las Vegas (and around the country) presents an interesting test for all involved... from the buyers, to the sellers to the practicing real estate agents and also for the brokerage firms I've been living and working in Las Vegas since 1992 and this is … (25 comments)
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las vegas real estate market: Las Vegas Real Estate Statistics (2007 September Month End) - 11/05/07 10:37 AM
Summary: Median prices of homes sold drops. Listing numbers flatten due to seasonal factors. Number of homes sold down.Las Vegas Listings: (view chart)The rate of additional net listings has decreased considerably due to the fall selling season. Fewer sellers are ambitious to sell in the fall and winter months.Las Vegas Market … (0 comments)
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las vegas real estate market: Forbes Ranks Las Vegas Fastest Growing City - 11/05/07 09:29 AM
Las Vegas reportedly ranks as America's fastest growing city. Since 2000 it has grown some 30% in population. New home builders have been developing real estate in the area at a frenzied pace. Until recently real estate agents had all sorts of options for finding buyers and sellers. Though the market … (1 comments)
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las vegas real estate market: Is That a Light at the End of the Las Vegas NV Tunnel? - 10/30/07 12:52 AM
Is That a Light at the End of the Las Vegas NV Tunnel?
Here is a weekly Las vegas NV real estate snapshot of the market by Tim Kuptz Inspiration Officer for RE/MAX Advantage Las Vegas Nevada. Tim enjoys pursuing and sharing the best business practices across the United States and sharing … (0 comments)
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las vegas real estate market: Las Vegas HOAs Suffer When Foreclosures Are Abundant - 10/29/07 10:47 AM
The foreclosure market in Las Vegas has created some unexpected collateral damage. Home Owner's Associations are struggling with cash flow. Too many houses in some Las Vegas communities are sitting vacant so the HOAs are not able to function as they should. Some have had to host emergency meetings to address … (3 comments)
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las vegas real estate market: Las Vegas Real Estate Market Information - 10/18/07 02:13 AM
Las Vegas Real Estate Market
Information
Some have asked if we have hit the bottom
of the Las Vegas real estate market? If we look at the Las Vegas market
we know that we will have to hire over 200,000 workers the next five to
eight years to Las Vegas Casino-Hotel expansion. … (0 comments)
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las vegas real estate market: Foreclosure or a good deal? - 09/25/07 11:24 AM
Hi everyone. I wanted to discuss the notion of getting a good deal in real estate. So many times I've had clients wanting to buy foreclosures, and god know we have a ton of them right now in Las Vegas. I always ask my clients, do you want a good deal … (4 comments)
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las vegas real estate market: What's going on around the country? - 09/22/07 10:43 AM
Hi Everyone. I wanted to ask other real estate professionals what is happening in their market. We're experiencing a huge amount of home inventory here in Las Vegas. Almost 30,000 homes, and half of them are vacant. The big thing that I'm seeing here in Vegas is the inventory held by … (7 comments)
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las vegas real estate market: Great Time to Purchase Las Vegas Real Estate!!! - 08/20/07 11:58 PM
Great Time to Purchase Las
Vegas Real Estate!!!
How can this be?? The markets are in a
turmoil! We are in the midst of a liquidity and credit crunch! How
can it be a good time to purchase real estate?
Last week the Dow Jones Industrial fell on
Monday 207.61 points … (1 comments)
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las vegas real estate market: Selling a Home? Disclose, Disclose, Disclose - 08/08/07 06:25 PM
Home sellers become much safer from potential litigation and headaches by disclosing any issues or items with a home during the due diligence period or any period for that matter. When a home owner puts his/her house on the market they should take special time on and documentation the real estate … (1 comments)
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las vegas real estate market: Las Vegas Real Estate Market Snapshot 8.6.2007 - 08/07/07 02:17 AM
Las Vegas Real Estate Market Snapshot
8.6.2007
Created by RE/MAX Advantage
Headline
Listing inventory shows very small gain. Only 11
more homes on the market this week versus this week. That is the good news.
Pending sales continue a 6 week decline
and the Pending Index … (0 comments)
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las vegas real estate market: Zero-Down Loans Disappearing - 08/06/07 12:32 PM
Financing has become hard to come by. Lenders are tightening their programs almost to the point of prohibiting any buyer without a significant down payment to purchase a home. Zero-down loan programs are nearly inpossible to find according to several Las Vegas lenders. There is very little secondary market for the … (2 comments)
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las vegas real estate market: Las Vegas Market Watch (2007 July Month End) - 08/06/07 12:16 PM
Summary: Number of homes sold is down, buyer's market continues to heat up. Listings inch up.Las Vegas Listings: (view chart)Listing numbers grew in July adding to the pressure on sellers. Home buyers have been waiting for their prime opportunity to jump into a home.Las Vegas Market Strength: (view chart)The number of … (0 comments)
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las vegas real estate market: Las Vegas Home Market Recovery - 08/01/07 02:53 PM
The drastic growth in housing inventory in Las Vegas has caused prices to dip some. Surprizingly, home prices have remained resilient compared to other markets in the US. The good news is that the Las Vegas market shows strong signs of recovery in the near future. A local representative of First … (2 comments)
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las vegas real estate market: Las Vegas Seller's Processes and Guide: Sell Quickly, for the Best Price - 06/18/07 03:09 PM
Your Las Vegas home may likely be your largest, most valuable asset. You decision to sell it is a big step. These tips will help you know what you must do to prepare for the sale. As you begin the home-selling process seek for ways to protect yourself, save money, reduce … (0 comments)
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las vegas real estate market: 7 Year Study of Real Estate in Las Vegas - 06/15/07 01:30 AM
Equity Title of Nevada has compiled a very comprehensive and informative 7 year study that tracks the number of homes sold and average sales price of homes by zip code from 2000 to 2006. The chart is a useful tool ilustrating the overall picture of what happened in the Las Vegas real … (0 comments)
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las vegas real estate market: June 2007 Las Vegas Market Condition Report - 06/13/07 12:20 AM
Here is the June 2007 edition of the Las Vegas Real Estate Market Condition Report courtesy of Equity Title of Nevada.
Download mcrlas_vegas_valley_june_2007_plus_comments_and_opinion.pdf
Here is an excerpt from the report showing current trends in our market.
… (0 comments)
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las vegas real estate market: Upsizing Las Vegas Real Estate - 05/21/07 04:59 PM
Moving up is exciting. New family additions or higher income usually accompany a move to a larger Las Vegas home. It is important to determine what you want. Let us help you narrow down your needs. You will want a smooth transition from one Las Vegas home to the next. Ask … (0 comments)
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las vegas real estate market: Selling a Home in Las Vegas: Get it Priced Right - 05/07/07 01:36 PM
Properties in Las Vegas are valuable properties. However, the market determines the value...it always has and always will. If a home seller wants to cash out of a property for whatever reason (i.e. relocation, move funds within a portfolio, etc.) they need to get it priced right from the beginning.The ability … (0 comments)
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las vegas real estate market: Las Vegas Appreciation - 01/29/07 10:34 AM
Las Vegas has been a stable market for years. Recent activity resulted in considerable volatility but the market has corrected and the future outlook for housing looks very promising. Multiple factors in the valley indicate that the real estate market will remain quite strong.
Las Vegas Appreciation in Past Years Las … (0 comments)
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las vegas real estate market: Nation Sees Biggest Drop in 17 Years, How About Las Vegas? - 01/29/07 10:26 AM
MSNBC reported, "Biggest existing home sales drop in 17 years: Housing demand down 8.4 percent last year; Dec. sales off 0.8 percent."Sales of existing homes fell in December, closing out a year in which demand for homes slumped by the largest amount in 17 years.
The National Association of Realtors reported that … (0 comments)
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las vegas real estate market: Las Vegas Real Estate Market Update - 12/04/06 07:35 PM
The home sale price graphs I published recently (See below) were extremely bullish on prices. On the other hand, there's Vegas. The Las Vegas real estate market is fascinating to me. Las Vegas had a crazy red hot real estate market last year, much earlier than Phoenix. No one knows if … (2 comments)
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