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Our Las Vegas Real Estate Report reflects a market that is still flexing and changing. One of the most challenging issues facing our local market is that approximately 40-50% of Las Vegas Real Estate Homeowners are underwater, owing more on their homes than what they are worth. This in turn has been driving a large number of Las Vegas Foreclosures the last twelve to twenty-four months.
Las Vegas Short Sales on Horizon…
The U.S. Treasure Department has just released a new plan to accelerate and motivate financial institutions to utilize Short Sales as a way for families to avoid foreclosure. We think this is a great thing for homeowners and the Las Vegas Real Estate Market and throughout the rest of the USA! This legislation represents a big step in the right direction for all parties!
Short Sales Background
Currently about 3 out of 4…