Investment

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Las Vegas Land Prices At Lowest Rate Since 2003

Wednesday, May 26th, 2010

Banks 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 [...]

Buying a Historic Home in Nevada

Saturday, March 13th, 2010

For many people living in or moving to NV, the best real estate purchase is one that combines the comfort of home with a piece of history. Buying a historic home in Henderson, Las Vegas or Summerlin is fairly common in today’s market, thanks to an incredible real estate climate and one of the most [...]

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 [...]

Bank of America Expected to Release Homes

Tuesday, January 19th, 2010

Bank of America expects to release about 6,000 foreclosed properties into the housing market here in Nevada in 2010.  They are going to evenly distribute the releases, releasing about 500 homes per month.  This process is part of the so-called “phantom inventory” of foreclosed homes being held by banks.  Banks are working out loan modifications [...]

November Market Update

Monday, December 14th, 2009

Overall 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 [...]

Investors take advantage of Las Vegas Market

Monday, November 16th, 2009

Absentee 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 [...]

Bad Loans Hurting Las Vegas Banks

Monday, November 9th, 2009

There is no doubt that the past year has been a horrible one for Banks in the United States, and Las Vegas area banks are no exception to this fact.  The most recent analysis of the troubled-asset ratios of Las Vegas area banks shows that five banks had trouble-asset ratios over 100 percent at the [...]

Showing Signs of Recovery

Saturday, October 24th, 2009

The housing market here in Las Vegas and Henderson has shown signs of improvement in almost every category in the past month of September.  The median existing home price rose an astounding $3,500 from the previous month of August.  The median price is still down a total of 33.7 percent from a year ago, but [...]

The Opportunity to Invest

Friday, October 9th, 2009

Many analysts are waiting to see if the big decline of investment sales from July to August of this year will be the pattern for the remainder of the year.  So far investors do not seem to be going away, even as the amount of foreclosed homes on the market decreases.  In August around 45 [...]

The “New” Market

Friday, September 18th, 2009

Although the median market price of existing homes is continuing to drop due to foreclosure sales, the new housing market is beginning to show some progress.  Resales for this year alone are up an astounding 52 percent, leaving the new housing market very little room to breathe.  Buyers are realizing that good homes are hard [...]

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