The tide is changing in Las Vegas, and so are the ways that homes are selling. Recently, there has been a sharp increase in short sales, which may signal that banks are becoming more willing to work with homeowners in an effort to avoid foreclosure. Previously, short sales (homes that sell for
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11/25/2009
There is some controversy and speculation among real estate experts in our local Las Vegas market, where it is clear there are many more foreclosed homes that will eventually enter the market. All you have to do is drive around town, and you'll see the dotting of empty homes with dead lawns, bu
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11/20/2009
If you are among the many who think that new home construction is dead in the valley, and builders have all left town, you might be surprised by the truth. As we're beginning to emerge from the economic downturn in the Las Vegas housing market which has been riddled with foreclosures and droppin
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11/13/2009
In today's real estate market, with around 2 million foreclosures expected in 2009, it is not uncommon to see a foreclosure tour bus loaded up with prospective homebuyers who are all hoping to find the best deal on a bank owned home in the Las Vegas Valley. If you are interested in purchasing a
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11/07/2009
These days the banks have tightened their lending practices for home mortgages. If you don't have enough cash for a 20% down payment on your las Vegas home, finding a mortgage for the home you want to buy here in southern Nevada can be a challenge. Even if you are able to find a lender willing
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10/30/2009
With foreclosure rates increasing across the nation and here in the Las Vegas valley, more and more homeowners are receiving notices for the sheriff's sale. The conventional advice from legal experts has been to immediately pack up and move, but that is changing. Recently, we've been seeing a n
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10/29/2009
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
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10/22/2009
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. Medi
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09/13/2009
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 their purchase to effectively l
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08/29/2009
In the mortgage mess we are still working out of, there is plenty of blame to go around - including to appraisers who overvalued Las Vegas property to support their friends in the mortgage industry. To make the process more impartial and remove pressure on appraisers to aim for a specific value,
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08/18/2009
