clark county: If Three Years have Passed, $8,000 Can Be Yours For Your Las Vegas Home - 08/30/09 12:01 AM
Housing has been on a roller coaster these last few years in Las Vegas but at last the market is bottoming out and housing prices are the most affordable in years. This makes it a great time to buy, especially for first time homebuyers who can apply the $8,000 to … (0 comments)
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clark county: Don't Gamble with the $8,000 Tax Credit on Your Las Vegas Home by Waiting Too Long - 08/13/09 06:51 PM
Las Vegas is a gambling town but even the pros know you shouldn't push your luck- especially with a sure thing. The $8,000 first time homebuyer tax credit is assured to any creditworthy person who has not owned a home in the past three years. The main way to blow this … (0 comments)
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clark county: Working It Out With Your Las Vegas Lender - 07/28/09 08:03 PM
If you're a Las Vegas homeowner with financial problems that you expect to overcome soon, you may have a different agenda than someone who sees selling their home as the only way to escape foreclosure. Assuming your home is one you like, want to keep, and can afford, talking with your … (0 comments)
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clark county: Short Sales a Long Shot for Many - 04/05/09 08:34 PM
Recent difficulties in the Las Vegas housing market have put "short sale" in the vocabulary of real estate professionals and home buyers and sellers alike. Short sale, where a lender accepts less than the loan value to terminate the mortgage, offers a troubled homeowner an alternative to foreclosure. It offers a … (1 comments)
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clark county: $8,000 Tax Credit in Hand, Bargain Your Way to a Great Deal - 02/25/09 04:39 AM
Bargaining has always been part of the real estate experience. Sellers typically price their homes knowing they will get less than their initial asking price, while buyers regard "getting a deal" as a satisfying part of the buying process. In a buyers' market, where some sellers who need to move their … (2 comments)
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clark county: Think New Construction, Think Las Vegas 2009 - 02/04/09 09:52 PM
The year 2008 will go down in Las Vegas housing history as the year affordability came back to the marketplace. With a 33 % price drop over the course of the year, median prices for existing homes averaged $157,250 in December, while new homes averaged $243,254.
Attendees at the quarterly … (2 comments)
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clark county: Help for Underwater Mortgages - 12/08/08 06:45 AM
While many mortgage holders are finally being offered relief to prevent foreclosure, two groups of borrowers are often left out. Those who can pay (even with difficulty) get little sympathy, as well as little thanks for doing what they agreed to do when they signed the loan. The other group, those … (0 comments)
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clark county: Loans for Less Than Perfect Credit - 12/03/08 06:41 AM
Now might be a great time to buy a home. With housing prices falling in most areas of the country and with the 10 months inventory of available homes continually supplemented with foreclosed and bank-owned homes, a would-be home owner with a steady job, sufficient income to pay the payments, and … (3 comments)
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clark county: Big Paydays for CEOs - 12/01/08 05:01 PM
Amidst bailouts to AIG, WAMU, and other corporate entities, there is always the fear that executives will be richly compensated as workers, stockholders, and now taxpayers foot the bill. As GM and other automakers hover on the brink of bankruptcy, one concern in any bailout talk is that executives who made … (6 comments)
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clark county: Aging in Place - an Alternative to Selling Your Home - 11/28/08 09:13 AM
Sellers often prepare their home for sale by painting, cleaning up, and renovating to make their property more appealing for buyers. When considering renovations, the questions always are: What types of improvement will "pay off" by impacting selling price? And over how long a period of time? Inman News writer Tom … (3 comments)
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clark county: Thank you, Fannie Mae and Freddie Mac - 11/26/08 07:07 AM
Tomorrow is Thanksgiving; Christmas is next month. This year, Fannie Mae and Freddie Mac are distributing their gifts early and giving 16,000 homeowners something extra to be thankful for. Both mortgage agents are suspending foreclosures and evictions until after the New Year.
At that point, the agencies will begin to offer … (2 comments)
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clark county: What's Good for General Motors MAY NOT BE Good for America - 11/24/08 07:23 AM
The Big Three Automakers are failing. In this bailout era, leaders have been to Washington begging for $25 billion to tide them over. With millions of jobs at stake and a devastating ripple effect anticipated throughout the economy if they don't get help, commentators of all political persuasions are questioning whether … (1 comments)
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clark county: New Hope for Nevada Homeowners - 11/21/08 06:01 AM
With large numbers of Nevada residents overwhelmed by the threat of foreclosure, the State of Nevada recently established a foreclosure website and call center to field concerns about the process and help people reclaim their lives.
The website http://foreclosurehelp.nv.gov/ is a helpful potpourri of information about steps to take to prevent … (0 comments)
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clark county: Casinos Roll Dice on New Luxuries as Job Cuts Mount - 11/19/08 04:53 AM
These are not be the best of times even for Las Vegas resort and casino owners, as high gas and airfare prices and an economy that offers less discretionary income keep patrons away. Earrings for Harrahs, MGM's Mirage , and other casinos are down 20% this year. As a result, job losses … (2 comments)
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clark county: Current Nevada Realities - 11/17/08 06:20 AM
For the 22nd straight month, Nevada was at the top of the foreclosure hit parade, as 1 in 54 households received a notice in October, 2008 and foreclosure filing rose 11% compared to September. Las Vegas was the worst metropolitan area as 1 of 62 houses received a notice and 6% … (1 comments)
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clark county: Credit Unions Offer Real Hope for Homeowners - 11/14/08 07:04 AM
As the mortgage market readjusts to new economic realities, an oft-forgotten source of a loan might be your local credit union. While mortgage loans originations fell 17% at banks in 2008, they are up 10.1% at credit unions.
Credit unions, which offer a variety of loan products including conventional mortgages, ARMS, … (1 comments)
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clark county: $7,500 Tax Credit - An Interest-Free Loan in Disguise - 11/11/08 11:40 PM
A sagging housing market was been given an expected boost by recent legislation in July, 2008 that offers first time home owners a $7,500 tax credit with the purchase of single family home, townhome, or condo. Homes purchased by U.S. citizens between April 8, 2008 - July 1, 2009 qualify to … (2 comments)
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clark county: Economy Challenges the Audacity of Hope - 11/10/08 02:39 PM
As President-elect Barack Obama - and the 52% of the electorate who supported him -savor his historic, landslide victory, he is already caught up in the immensity of our economic problems. He cautioned, even before meeting with economic advisors, that the task ahead was too immense to complete in one term. … (1 comments)
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clark county: Las Vegas Resales Offer Bright Spot to Local Housing Market - 11/07/08 06:49 AM
With new home sales still down, one bright spot in the Las Vegas local housing market has been sales of existing homes that exceeded 3,000 for the last three months of July, August, and September. Only 461 new housing permits were requested, so YTD totals are down 53%.
About 80% of … (0 comments)
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clark county: Down Payments Revisited - 11/04/08 11:12 PM
"No money down" may have sounded like magic words to home buyers, but according to Jim Pair, president-elect of the National Association of Mortgage Brokers, the magic of 100% financing is gone. "What we're doing now is what we did 10, 15, 20 years ago as far as lending is concerned."
… (4 comments)
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