Las Vegas Real Estate Stabilizing

“Las Vegas Real Estate Stabilizing” as a topic is being echoed in headlines across the country – we are pleased to see positive analysis of our local market via local and national media! We’ve taken the position for months,  the Las Vegas Real Estate market is stabilizing based on our own informal assessments, so this news is no surprise to us. But, nevertheless, most welcome!

What’s Happening with Las Vegas Foreclosures…

First Time Homebuyers Driving National Real Estate Market

If you look out across the rest of the country, about half of of the homes being sold are via First Time homebuyers, with many purchasing due to the just extended first time Homebuyers Tax Credit.

National Real Estate Market

Approximately 35-45% of all homebuyers who purchased homes this year have not owned a home during the previous three years, according to the National Association of Realtors. These numbers are up…

Las Vegas Foreclosure Assistance

Fannie Mae has announced this week that they will allow homeowners facing a Las Vegas Foreclosure to remain in their homes and rent them for up to a year, as a component of the Government’s latest effort to help troubled borrowers. This should also have a positive impact on the Las Vegas Foreclosure Market by keeping more Foreclosures off the market.

Dead for Lease Foreclosure Program

The “Deed for Lease Program lets…