Posted on January 30th, 2010 by Ruth Ahlbrand
Las Vegas Real Estate Trends – weekly summary:
- Short sales averaged just about 7 percent to 8 percent of all existing-home closings in early 2009, but averaged 22 percent of the total sales market by January of 2010.
- The S&P/Case-Shiller 20-city home price index increased 0.2% in November from October and gained 5.3% from November 2008 – positive trend for national Real Estate Market and good Las Vegas Real Estate Trends
- Affordability is…
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Posted on January 29th, 2010 by Ruth Ahlbrand
Foreclosure relief comes to Las Vegas in the form of a shift to Las Vegas Short Sales. During the last four months alone the bottom line number of foreclosures in 2009 has dropped significantly and Las Vegas Short Sales (owner is in the home and bank agrees to take less) are increasing. We expect this trend to continue and accelerate as we move forward into 2010.
The number of Las Vegas Short…
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Posted on January 28th, 2010 by Ruth Ahlbrand
Flipping Houses Las Vegas – our analysis:
- Affordability is driving Las Vegas Real Estate – housing values have dropped approximately 60% since 2006 – Flipping Houses Las Vegas is starting to occur again, depending on price range, investment goals, etc.
- We have favorable tax climate for investors in Nevada.
- Las Vegas is a word class city; people forget the wonderful lifestyle amenities we have here above beyond entertainment and gaming including: some of the world’s…
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