Southern Nevada Monthly Economic Update
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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 [...]
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 [...]
Housing Market Rebounding
Thursday, December 31st, 2009For the fourth consecutive month existing home sales have gone up, showing a lot of buyer activity currently on the market. Existing Home Sales went up seven plus percent this past November, posting its largest recorded sales in 33 months. This is a great example of how the market is recovering, especially here in the [...]
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 [...]
Real Estate during the Holidays
Tuesday, December 15th, 2009Now is still a really good time for Real Estate in Henderson, Las Vegas, Summerlin Nevada areas. Buyers can, and do, get serious during this busy time of year. Lots of sellers take their homes off the market during the holidays, assuming no one will be buying at this time. But with serious buyers still [...]
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 [...]
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