Short Sale and Foreclosure Takeover

Channel 8 Las Vegas did an ITeam Investigation recently about the housing market situation in Las Vegas. They showed that buyers are getting deals of a lifetime buying homes at 1/3 of the original listing price. In today’s market about half of Las Vegas listings are homes facing short sales. Not only that but also they take a deeper look into...

Vegas Housing Market Comeback??

Like the rest of the housing market Las Vegas has seen its fair share of price drops and foreclosures, but some seem to believe that it is staging a comeback. Vegas housing prices peaked in 2006 and since have seen a 60% drop which has impacted the housing market. Now with a small incline on sales, we are inching our way back up with potential to...

Canadians Flocking to Vegas

Housing prices are quite intriguing to multiple investors – Canadians are at the top of that list! In a recent article the astonishing median home price here in Las Vegas is so low it is almost impossible to not make a profit turning it into a ‘rental property’. For example you can turn a fifty thousand dollar investment into a $1000 monthly...

The Bottom is Coming, The Bottom is Coming?

As the median pricing in Las Vegas starts to rise; the numbers aren’t where they were a year ago. Inconsistency in the market has been the main topic throughout this recession constantly asking is the bottom really coming? Statistics are showing that ¾ of the homes here are either real-estate/bank owned or going into short sale or foreclosure....

What a Deal!

Although many have been affected by the current state of the economy in the real estate market there are great deals among us. A recent article targeted 5 homes that sold for half or less of their peak price a few years ago. It is definitely proof that the Las Vegas area is its prime for investors and it isn’t slowing down anytime soon. For the...

Foreclosure Fraud Law

Bill 284 was signed on May 20th by Brian Sandoval, Nevada Governor; it will be going into effect October 1st, 2011. The new law will require homeowner access to the company carrying their mortgage. It will also allow the company access to any foreclosure paperwork filed and require that it be filed with the local county clerk office. Overall...

Las Vegas Moving Up

The past four years haven’t been very efficient with home sales but recent studies show that Las Vegas is indeed the best place to invest. This is remarkable news for realtors in Vegas as sales continue to grow that leads to more business which is music to anyone in this industry. Not only are home sales improving but tourism is up as well,...

New Home Sales Not Where They Should Be

New home sales aren’t where they should be for the projected yearly target of approxiamately 2400 if it continues this way we are looking at a 40% decrease in new home sales this year. Although existing home sales are on pace for the year which will make it the fourth best year so there is hope of our market to continuously get better! For...

Local Housing Market

A recent article in the Las Vegas Review Journal gave more insight on the local housing front. It was reported that foreclosures here in Vegas were at an astounding 65 percent, the GLVAR put the number locally at 45 percent which is still not great and doesn’t include short sales. For the full article please follow this link...

Sun City Anthem Ranked Top in Best Retirement Communities

Right here in Henderson - Sun City Anthem came out up top for the ‘Top Ten Most Luxurious Retirement Communities’. Due to the amenties offered at Sun City Anthem including 36-hole Golf Course and entertainment and dining experiences close or on the Strip. For the full article please follow this link...