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REO Properties simply means “real estate owned” – in actuality the bank owns a home and reselling it in the market.
REO properties are being snapped up quickly in the Las Vegas, especially in the $0-200K price range, typically with multiple offers above list price and in many cases, all cash offers from investors.
Overview of REO Properties
The bank does not want to sit on or hold an REO Property financially for any…
The Las Vegas Housing Market 2009 has been shifting faster than a tumbleweed in a tornado! Today’s national numbers just released show a surge of 7.2% , reflecting the largest single month increase in home sales in over ten years.
Las Vegas Housing Market 2009 Analysis
We are in a very unique situation when it comes to the Las Vegas Housing Market as we move into the Fall of 2009. The media…
We think today’s article in the Las Vegas Review Journal about the small appreciation in Las Vegas Homes underscores what we have been blogging about for many months; our market is turning around and has clearly hit bottom.
Modest Appreciation for Las Vegas Homes
According to reports just released by RealtyTraq, new Las Vegas home sale prices increased by a modest one per cent in July, although this is the first time home…