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Las Vegas real estate market reportLas Vegas real estate market reportLas Vegas real estate, news, developments, predictions and information. 
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How Las Vegas REO’s are priced!
2009-07-24 01:52:00 I had a question emailed to me today. This person asked: How do the Banks price Las Vegas REO’s in the market? Historically, Las Vegas REO’s are priced using an appraisal and 2 to 3 BPO’s (Brokers Price Opinions) which are about the same thing as a Sellers Comparative Market Analysis. The bank takes this information and determines what they ...
Las Vegas real estate April 2009 residential market Statistics
2009-07-09 04:37:00 (May 2009 Las Vegas real estate report) For June 2009 Las Vegas real estate report go here! Las Vegas home sales for April 2009 were up from March by a more manageable +7.3%. Approximately 79% of these homes sales were foreclosures called banks (REO’s). The median price of a Las Vegas home continued to fall to -4.9% ... More About: Residential , Estate , Las Vegas Real Estate , Real Estate
Henderson Home investing future?
2009-07-01 00:19:00 I was recently sent a written interview by an international investor publication concerning investing in Henderson real estate. I have included both the questions and answers in this series of articles on Henderson Home investment opportunities. Allison (Question): What is your short-term (6 months) outlook? Long-term (5 years)? The Las Vegas market in general is becoming tighter ... More About: Future , Investing
How Banks work Short Sale real estate in Las Vegas!
2009-06-30 18:23:00 I received an email about buying multiple Las Vegas “Short Sale” homes. He writes: “I have some questions about “Short Sales” “1. I actually see a big difference in price ($/sq ft) between “short sale” homes and non-short sale homes… I am just curious … You told me 95% of the short sale homes become foreclosed? What happens after ... More About: Estate , Real Estate , Banks , Work
The Henderson foreclosure picture
2009-06-29 00:14:00 I was recently sent a written interview by an international investor publication concerning investing in Henderson real estate. I have included both the questions and answers in this series of articles on Henderson Home investment opportunities. Allison (Question): What is the foreclosure picture in Henderson? I know Henderson is a nearby “neighbor” market of Las Vegas. ... More About: Picture , Foreclosure
Henderson homes better in down turn!
2009-06-27 00:10:00 I was recently sent a written interview by an international investor publication concerning investing in Henderson real estate. I have included both the questions and answers in this series of articles on Henderson Home investment opportunities. Allison (Question): How has Henderson weathered the real estate downturn? June 2006- Henderson Median price of a single family home Sold was ... More About: Homes , Turn
Henderson Homes for Investors
2009-06-25 00:23:00 I was recently sent a written interview by an international investor publication concerning investing in Henderson real estate. I have included both the questions and answers in this series of articles on Henderson Home investment opportunities. Allison (Question):What makes the Henderson market attractive to investors? What, if anything, about the city may not be so attractive ... More About: Homes , Investors
Las Vegas real estate taxes. UP or down?
2009-06-22 20:02:00 I received a question from James today about real estate taxes. He writes. ” I am considering purchasing some real estate in Henderson. How much will property taxes be going up in the Las Vegas area and how should I plan?” When talking about property tax we have to consider two factors to consider total taxes paid. 1) The ... More About: Estate , Taxes , Las Vegas Real Estate , Real Estate
The problem with “Short Sales” here in Las Vegas!
2009-06-09 00:20:00 Today I received the following email from an loan officer at Bank of America aka Countrywide. “UPDATED SHORT SALE TIME LINES AND ESCALATION PROCESS” In a continuous effort to improve our short sale time lines, please be advised of our current time lines. Remember that Bank Of America is a servicing company. We don’t own the note on ... More About: Las Vegas , Sales , Problem , Short , Vegas
Are we near the bottom in home prices in Vegas?
2009-06-06 22:02:00 A Las Vegas real estate Buyer Kenson Kuba asked, “Are we near the bottom in home prices in Las Vegas?” It depends on what you are buying. Condo/Tels where financing has dried up and there are about to be thousands put in the market we may see further price declines due to lack of cash ... More About: Home , Bottom
Las Vegas real estate showing signs of a turnaround
2008-04-27 23:55:00 Although the real estate market in Las Vegas is still very week their are signs of life and the future is bright. Las Vegas housing was simply over built in 2005 and 2006. This was due to heavy appreciation in the market place, easy credit in the mortgage markets, and heavy speculation by opportunity investors. In ... More About: Estate , Las Vegas Real Estate , Real Estate , Signs
REI Neon’s big move in the game for its Major Las Vegas Sports Arena
2008-04-23 19:04:00 Well the big sports area in Las Vegas City may have just grown wheels under it. What has developed is not surprising, its just typical big business. The players include the little guys that own property south and west of Charleston and Main Street. They all got dollar signs in their eyes like little girls looking at pop ... More About: Sports , Game , The Game , Move
National publications finding Las Vegas as a great place for Bargins in rea
2008-04-19 18:01:00 If you have been reading my blog you know I have been saying that the real estate market is going to come back strong in late 2009 and we should see prices climb to their previous highs by approximately 2012. Job creation is going to spur this sudden resurgence in the market as the $33 ... More About: National , Las Vegas , Great , Publications , Place
In Las Vegas new projects just keep comming!
2008-04-11 19:08:00 Yes, the world of finance is in a tail spin and some Las Vegas condo projects are in trouble but it seems that many Las Vegas projects are above the financing waste land that has swept over the U.S. real estate markets. This last week I noticed another condominium project has bitten the dust due to the slow ... More About: Projects
Las Vegas top town for Empty Nesters
2008-04-04 18:28:00 Forbes.com rate Las Vegas as a “Top Town for Empty Nesters” in an article published April 3, 2008. It stated that Las Vegas has had a 156% increase in 55 to 64 year olds from 1990 to 2005. This has been due to the excellent job market as well as wonderful recreation opportunities. The State of Nevada ...
Las Vegas real estate rumors, truths and falsities
2008-03-27 20:00:00 Well the GLVAR came out with their February figures and it looks like there is a POSSIBILITY (rumor) that the market is showing signs of bottoming out. Inventory levels are down (fact), numbers of homes under contract are up slightly (fact) and home sales are up slightly(fact). However Standard & Poor’s/Case Shiller report still show prices falling ... More About: Estate , Las Vegas Real Estate , Las Vegas , Real Estate , Rumors
When to invest in Las Vegas?
2008-03-20 18:01:00 I tend to spend a great deal of time looking at development on the Strip. The reason for this is that this area provides such huge employment growth opportunity. Employment growth is what drives residential real estate development and pricing. With great positive employment growth of 4 to 5% you find an active appreciating residential real estate market. ... More About: Las Vegas , Invest , Vegas
The Las Vegas Strip is bustling with development action!
2008-03-03 21:44:00 It appears the the Pinnacle will never peak. The dual tower condo project 1 mile west of the Strip on Tropicana has been called off. Look for this zoned high-rise ground to be looked at by casino developers. It is located across from the Orleans and is just down the street from the Wild Wild ... More About: Action , Las Vegas , Development , Vegas
What Las Vegas real estate and roller coasters have in common
2008-02-27 20:42:00 Almost everyone in the U.S. is familiar with the roller coaster at the New York New York here in Las Vegas . Many people who purchased property here in Las Vegas were not aware that they were buying a ticket on a different roller coaster, the Las Vegas real estate roller coaster. So let us all ... More About: Estate , Las Vegas Real Estate , Real Estate , Common
The Fed lending rate reduction only helps the Banks.
2008-01-22 23:15:00 Please wait while I set my soap box down. I am about to give my opinion on this disgusting turn of events by our government. The Fed lending rate cut, for the most part, bails out the Banks . The short term Fed rate is the rate Banks can barrow from the Fed resulting in them making more money. As ... More About: Lending , Rate , Reduction
$5 billion Plaza Project gets approval
2008-01-14 22:24:00 The New Frontier was imploded a few months ago making way for a new class of Mega resort. This project will be the most opulent yet. The developers are designing this to cater to the wealthy client, not your average Joe. The 15 million square foot facility will include: 348,000 square feet of shopping, 134,500 square ... More About: Project , Plaza , Billion
World Jewelry Center Plans approved by Las Vegas City
2008-01-10 21:38:00 According to Mayor Oscar Goodman: “This will be an important part of Union Park, along with the Lou Ruvo Brain Institute, the Smith Center for the Performing Arts, the Charlie Palmer Hotel, and the Access Medical-Kimpton Hotel projects, that together will create an exciting experience for everyone who visits or does business there…” This project will ... More About: Jewelry , World , Las Vegas , Plans , City
Is it time to gamble on Vegas real estate again?
2008-01-06 01:40:00 With the gaming industry posting record profits, record visitors and record construction it looks like there is no end to the possibilities and opportunities for this world class city. For 2007 will go down in history as the year that Las Vegas hit the 2 million residents mark, the year that saw the implosions of the ... More About: Estate , Real Estate , Time , Gamble , Real
Many think Vegas is a good bet for real estate investment right now.
2007-12-18 01:12:00 The current batch of wanna be investors are allowing their investment homes to be foreclosed here in Las Vegas driving up inventory and lowering the price of resale and new housing. It might surprise you that due to this unloading of uneducated and un-savvy investors that the SAVY INVESTORS ARE BUYING! People who know how ... More About: Estate , Real Estate , Real Estate Investment , Investment , Real
When you owe more than your homes worth!
2007-12-10 19:40:00 If you purchased your home in the years 2004 through 2007 and you live in Las Vegas you may be in an unfortunate group of people that now find themselves in the position of having more invested in their homes than they can currently sell it for. Many of you may be in a position where your ... More About: Homes , Worth , Wort
Is the water plan for Las Vegas the right plan?
2007-11-08 19:47:00 This mourning I was reading an article on the Southern Nevada Water Authorities plan to build a pipeline from the interior of the State to Clark County and deliver as many as 400,000 additional homes water. This project would cost an estimated $3.5 billion dollars. (See the article here) If the source of funding of this project ... More About: Las Vegas , Plan , Vegas
Subscribe to “Las Vegas real estate market report.”
2007-11-07 19:26:00 Enter your email address: Delivered by FeedBurner For the Latest in Las Vegas real estate call Max at 702-334-2200. Or email me at:Max@MaxSellsVegas. com. Your comments and questions are welcome. Copyright © 2007Max Schmidt P.C. all rights reserved. The information provided here is of a general nature and should not be relied upon as the basis of a ... More About: Estate , Las Vegas Real Estate , Real Estate , Real Estate Market
Las Vegas Real Estate video report for the third quarter 2007 is now availa
2007-11-06 20:24:00 I have finished and uploaded the latest market study report for the third quarter of 2007. This statistical analysis of the Las Vegas real estate markets should give you a good idea of not only what has happened but where things are going in this volatile market. With is market currently in a state of flux, ... More About: Video , Estate , Las Vegas Real Estate , Real Estate
U.S. foreclosures continue to affect the real estate market
2007-11-02 22:01:00 It appears that the foreclosure rates on sub-prime mortgages have continued to restrain the ability of qualified Buyers to obtain financing when purchasing a home. This has resulted in many fewer home purchases nationally. As lenders try to determine how to estimate their portfolio losses and project further losses in the financial markets. The Fed has ... More About: Estate , Real Estate , Real Estate Market , Foreclosures , Market
Will the price of a home start heading up soon in Las Vegas?
More articles from this author:2007-10-30 01:14:00 The above chart shows price appreciation and depreciation in the Las Vegas residential real estate markets since 2001. On average Las Vegas historically had a 5% price appreciation rate year over year until the boom in 2004. If the historical increases hold true and prices continue to fall it looks like we will hit a true ... More About: Home , Start , Price 1, 2, 3 |
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