las vegas real estate: Extension of Homebuyer Tax Credit Could Benefit Las Vegas Buyers - 10/22/09 12:17 PM
As we're headed into fall, and the real estate market moves toward its traditional slump at year's end, those in-the-know are speculating the strength of the Vegas market from October through December. What might be a wild card this year, and into next, is the $8,000 tax credit currently offered to … (2 comments)
las vegas real estate: First Time Homebuyers Compete vs. Investors in Las Vegas Residential Market - 09/13/09 10:33 AM
The Las Vegas home buyers market is ripe for investors, who often pick off the homes most affordable to first time homebuyers. In August, 2009, the median home price in the city was $210,000 when bank-owned and distressed property sales are figured in, or $225,000 for non-distressed sales. Median condo … (0 comments)
las vegas real estate: 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)
las vegas real estate: Facing Foreclosure? A Game Plan for Selling Your Las Vegas Home Quickly - 07/23/09 07:19 AM
If you are at risk of foreclosure, you aren't in a hopeless situation, but no question about it, time is of the essence. As soon as you realize you are headed for trouble, it's time to develop a game plan. Your strategy will vary according to what you want to do … (0 comments)
las vegas real estate: Citizens of Las Vegas: Celebrate Your Economic Freedom - 07/04/09 10:09 AM
Today is July 4th, a great day in American history that marks the day some 233 year ago the U.S. broke free from England to become a separate country. The original settlers and great waves of subsequent immigrants have come here in pursuit of economic, political, social, and religious freedom. This … (2 comments)
las vegas real estate: When You Sell Your Las Vegas Home, Don't Steal the Parts - 06/27/09 09:39 AM
In the wacky world of short sales and REOs, finding the home trashed by former owners or vandals calls for new levels of salesmanship. The foreclosure crisis has resulted in a rash of trashed, smashed, and stripped-bare homes for the next set of owners to deal with. Many homeowners, strapped for … (0 comments)
las vegas real estate: Selling Affordable Clark County Homes to Healthy Homebuyers - 06/21/09 04:02 PM
At the same time that Nevada is again leading the pack in foreclosures, existing home sales have increased 68% through April of this year. Prices are down 43%. It's a good time for people to buy affordable housing. Now more than ever before, this a time for Realtors® to educate buyers as … (0 comments)
las vegas real estate: Tips for Smart Las Vegas Real Estate Investing - 06/13/09 05:17 PM
Las Vegas may have its problems with its high foreclosure rates, falling house prices, and lots of unsold homes, but when people think Vegas, they think good times and optimism. The city has a vibrant economy that continues to pull in new residents who want to settle here. Tourism may be … (0 comments)
las vegas real estate: Walk Away from Your Las Vegas Home? It's a Long Walk Back - 06/11/09 10:22 PM
If your home is underwater or otherwise in distress, your first impulse might be to swim to shore and walkaway. You mail your keys to the bank and your problems are all over, right?
Unfortunately, "jungle mail" is not an acceptable way to end a contract in the eyes of your … (4 comments)
las vegas real estate: They're Back - Investors Reclaim Las Vegas - 06/05/09 06:16 PM
In the boom days of Las Vegas housing, a mere three to five years ago, speculators bought a lot of property and pushed housing prices off the charts. Along with homeowners, many speculators who did not "flip and run" were caught up in the mortgage mess based on subprime lending, liar … (3 comments)
las vegas real estate: Back to the Future in Las Vegas Housing Prices - 05/31/09 10:06 PM
Whoever said you could not go back in time was not trying to buy a house in Las Vegas in the Spring of 2009. As of April, 2009, the median price of homes was at 1998 levels - $125,000. Home Builders Research, a local firm, estimated this figure at $130,000 - … (2 comments)
las vegas real estate: Las Vegas First Time Homebuyers: $8,000 Tax Credit Now - Sort Of - 05/30/09 10:56 PM
When HUD Secretary Shaun Donovan announced at a recent National Association of Realtors (NAR) Midyear Legislative Meeting and Trade Expo in mid-May that the $8,000 first time homebuyers credit could be used a down payment, the crowd went crazy. The NAR has$8000 long called for a credit that could be used … (3 comments)
las vegas real estate: Is an Unfinished Home a Good Bet in Las Vegas? - 05/24/09 05:13 AM
The building boom in Las Vegas seemed on target just a couple years ago, when 6,000 new residents a month streamed into the area. Now that the economy has slowed down, the number of new residents is down, and a steady supply of foreclosed and bank-owned property food the market, some … (28 comments)
las vegas real estate: New Credit Card Bill Will Help Nevada Homeowners - 05/23/09 08:00 PM
When faced with a pile of bills, homeowners who have trouble paying their mortgage sometimes have to make choices about what to pay. When they chose to pay their mortgage and instead were late on a credit card or two, credit card issuers have raised interest rates to nearly 30% and … (0 comments)
las vegas real estate: Will New Obama Short Sale Directives Help Stem Nevada Foreclosures? - 05/17/09 03:56 PM
Short sales and other options to foreclosure are an important element in the real estate market in Las Vegas. As we noted recently in our blog, Short Sales a Long Shot for Many, they take a long time getting processed and may result in the bank's refusal to accept a lesser … (4 comments)
las vegas real estate: Is There More Help in View for Underwater Homeowners? - 05/07/09 11:38 AM
It's a miracle! Just the other day, right in this blog, we said that maybe some of the new housing affordability plans would really help more homeowners IF ONLY homeowners who were underwater by more than 105% could get help. Lo and behold, on May 6, the Wall Street Journal quoted … (2 comments)
las vegas real estate: Could the Housing Market Be Near the Bottom In Vegas? - 04/25/09 06:54 PM
Every once in a while, agents in Las Vegas who deal daily with a lot of short sales, underwater mortgages, and other casualties of the last few years are pleased to hear words like "Sales are soaring!" "Housing starts are up!" "Affordable homes are available for $135,000." It makes an agent … (2 comments)
las vegas real estate: 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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As we're headed into fall, and the real estate market moves toward its traditional slump at year's end, those in-the-know are speculating the strength of the Vegas market from October through December. What might be a wild card this year, and into next, is the $8,000 tax credit currently offered to … (2 comments)
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