Southern Nevada Monthly Economic Update
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Saturday, March 13th, 2010For 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 [...]
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 [...]
Marketing Your Nevada Home: What to Expect during Your Open House
Tuesday, February 9th, 2010If your NV home is for sale – whether in Henderson, Las Vegas, Summerlin or surrounding areas – there’s a good chance your real estate agent will discuss the benefits of an open house with you. Open houses have long been a part of the home sale experience, since it allows prospective buyers to take [...]
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 [...]
Appraisals Bogged Down by Foreclosures
Friday, January 29th, 2010Las Vegas is a very complex housing market when it comes to appraisals. The high percentage of foreclosures in the Henderson and Las Vegas housing market has driven home prices downward. Foreclosures accounted for 75 percent of Las Vegas home sales throughout much of 2009, reaching into every neighborhood and bringing down home values. Since [...]
December 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 [...]
Bank of America Expected to Release Homes
Tuesday, January 19th, 2010Bank 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 [...]
Get the Most Out of Your Square Footage
Monday, January 18th, 2010If you’re getting ready to sell your Henderson, Las Vegas or Summerlin home, you know that one of the most important things you can do to increase your sale price is to spend some time staging. After all, the better your home looks, the better the chances are that someone else will love it enough [...]
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