foreclosures
« Previous EntriesForeclosure Maintenance
Wednesday, July 28th, 2010There have been many foreclosure properties that have greatly depreciated in value due to their condition. Often times foreclosure properties are not taken care of once the homeowner is evicted by the banks. One reason for this is because legally the banks do not foreclose on the property as soon as the homeowners are evicted. [...]
Market Prices Expected to Remain Flat
Friday, July 23rd, 2010The housing market in the United States and especially here in the Las Vegas and Henderson area has gone through its ups and its downs in the past couple of years. Housing analyst Dennis Smith predicts that much will remain the same for the rest of this year as we have seen in the past [...]
Cheaper to Buy rather than Rent in Las Vegas?
Tuesday, June 8th, 2010It is true, with where the market is currently at, it is cheaper to own a home than to rent in the Las Vegas and Henderson Valley. Las Vegas ranked number 10 among the 50 largest U.S. cities by population in terms of price-to-rent ratio. According to Trulia.com Las Vegas has a 10.92 price-to-rent ratio, [...]
Las Vegas Land Prices At Lowest Rate Since 2003
Wednesday, May 26th, 2010Banks have not hesitated in taking land away from owners who default on their payments here in Las Vegas, resulting in some of the lowest prices for land off the strip in the past seven years. In the first quarter of this year, 74.4 percent of land transactions resulted from bank foreclosures. Many investors can [...]
Real Estate Expert Expecting Recovery
Wednesday, May 19th, 2010At the grand opening preview of American West’s Reserve at Coronado Ranch, Las Vegas real estate authority Richard Lee stated that he believed that a turnaround is coming for the Las Vegas and Henderson real estate market. He explains that historically, the homebuilding industry has been an economic leader in pulling our nation out of [...]
Homebuilders Anticipate Economic Recovery In Las Vegas
Friday, April 2nd, 2010The Las Vegas homebuilding Industry has high hopes that 2009 was the bottom year and 2010 will be the beginning of recovery. Despite the $8,000 federal tax credit incentive to first-time homebuyers, the sales of new homes here in the Las Vegas and Henderson Valley fell an astounding 48 percent according the SalesTraq. The number [...]
Las Vegas’ Home Values
Friday, March 5th, 2010“I think we’re tremendously undervalued right now. One reason I saw that is because you can’t replicate a home today for what you can buy it for.” –Larry Murphy (President, SalesTraq) No part of Las Vegas or Henderson was left unaffected by the dramatic drop in home prices last year. There were some parts of [...]
Henderson / Las Vegas Update
Tuesday, March 2nd, 2010Though it may be hard to believe, many Nevada homeowners are finding themselves in a better position then many people who have lost homes due to foreclosures across the country. Many homeowners are bracing themselves for lenders going after them for the difference between what the bank sold the house for versus what the homeowner [...]
The Impact of Short Sales
Tuesday, February 9th, 2010The Las Vegas and Henderson real estate market seems to be changing from a market dominated by foreclosures, to a housing market dominated by short sales. Short sales are transactions where the banks allow homes to be sold for less than the owner owes on the mortgage. This often times gives the banks a higher [...]
Las Vegas Most Undervalued City
Tuesday, February 2nd, 2010In January 2006 CNN published a report that ranked the 299 most overvalued cities in America in terms of home prices. In 2006 real estate was at its peak and little was undervalued. A total of 213 cities were labeled as overpriced and Naples, Florida was considered to be the worst of the bunch. Eighty-four [...]
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