Holiday Season
« Previous EntriesDecember Real Estate Update
Tuesday, January 26th, 2010The month of December was a good one for the real estate market, and will hopefully be a sign of things to come in the near future here in the Henderson and Las Vegas Valley. December ranked in as the second highest month in the year in the sales category. The sale of new homes [...]
McCarran Traffic Up In November
Thursday, January 7th, 2010For the first and only time in the past year traffic at McCarran International Airport was up from a year ago in the month of November. Traffic rose only .1 percent, but it is much better than the previous months’ numbers, down 8.7 percent. It looks like we are beginning to see some more tourist [...]
Homebuyers Rush for Tax Credit
Monday, December 28th, 2009First-time homebuyers make up a large percentage of the home sales here in the Las Vegas and Henderson Valley. Many tax preparers are busier than normal during this offseason due to congress’ extension on the $8,000 credit for first-time homebuyers last month. Congress also expanded it to other buyers who can receive up to $6,500. [...]
Nevada Foreclosure Filings Continue to Fall
Saturday, December 26th, 2009It has been reported that foreclosure filings in Nevada dropped by double digits for the second consecutive month. The filings this past November were 33 percent below what they were in 2008. It is still being questioned whether or not this is a temporary reprieve or if the market is truly turning around. It appears [...]
New-Home Sales Stalled in Las Vegas and Henderson
Wednesday, December 16th, 2009Even though the Las Vegas and Henderson housing market is showing strong signs of recovery, it’s still hurting in many ways. One of those ways is the new housing market. Sales of existing homes in Las Vegas and Henderson strongly rebounded this year and prices appear to be stabilizing. However, in the new-home category, the [...]
November Market Update
Monday, December 14th, 2009Overall in the Henderson and Las Vegas market for November the housing prices remained relatively flat. Single family homes are hitting their seasonal slump around the holiday season, and sales are slowing down. The single family median home price has dropped 24.7 percent from a year ago down to $140,000. Condominium prices have also dropped [...]
Experts are “Cautiously Optimistic” On Market
Monday, December 7th, 2009Many financing, gaming and real-estate executives recently gave an assessment on their predictions of the Las Vegas’ economy and real-estate market. Many are optimistic about the future of the market here in the Las Vegas and Henderson valley. Corporate VP of development at Stations Casinos, Tom Roberts, stated that the gaming industry is stabilizing and [...]
Mediation Reduce Foreclosures
Wednesday, December 2nd, 2009Nevada’s new foreclosure mediation program is helping reduce the number of foreclosures here in the Las Vegas and Henderson valley. The program gives homeowners who are being foreclosed upon, the right to seek mediation. Although Nevada is still ranked number one in foreclosures, filings fell twenty six percent from September to October, and four percent [...]
First-Time Homebuyers Lead Housing Economy to Recovery
Monday, November 23rd, 2009According to the National Association of Realtors, the housing economy appears to be headed for a sustainable recovery, aided by the home buyer tax credit. The tax credit expansion will help increase sales for first time buyers through the middle of 2010. This year alone it looks as though there will be about 2.4 million [...]
Investors take advantage of Las Vegas Market
Monday, November 16th, 2009Absentee buyers bought an astounding 40.2 percent of all Las Vegas homes in August, the most for any month this decade, including the 39.3 percent in November of 2005 during the housing boom. It is stated that 45 percent of Las Vegas buyers in August used cash to pay for their homes, showing the level [...]
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