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Las Vegas Real Estate Turning Positive!

Ruth Ahlbrand — Tue, 28 Sep 2010 01:51:03 +0000

It’s good to report that Las Vegas Real Estate numbers are improving, as we are seeing double digit increases in home prices in some areas. Approximately 15 out of our 57 zip codes showed a double digit increase for the second quarter of calendar 2010.

The other side of this coin, price erosion is still occurring; but, this is mostly in neighborhoods with high end homes, in the $300-500K price range. The…

Las Vegas Foreclosures: Up or Down?

Ruth Ahlbrand — Sat, 11 Sep 2010 21:21:32 +0000

Over $4.4 Billion in Las Vegas Homes Sold this year. Average days on Market:60 Days.

Over 13,400 of the 29,530 homes sold this year were foreclosures.

Las Vegas foreclosed homes on the market are increasing again. Out of 25,938 available homes on the market, 4,388 are foreclosed homes. In April, the foreclosed homes on the market were 2,799. The number has been inching up most of this year. The number of short…

Las Vegas Real Estate Shifting to Short Sales

Ruth Ahlbrand — Sat, 13 Feb 2010 03:42:56 +0000

The Las Vegas Real Estate Market is shifting from one that has been foreclosure-driven for much of the past 18-24 months to Short Sales. Why is this occurring? Simple question, with a complex answer.

Banks and Financial institutions are shifting to Short Sales for a couple of primary reasons: first, they make more money, as the homeowner can stay in the home and they don’t have to put the house in…

Why Short Sales Help Las Vegas Real Estate

Ruth Ahlbrand — Thu, 10 Sep 2009 23:10:25 +0000

RE/MAX International Chairman and Co-Founder Dave Liniger met with some of the top housing officials with the Obama Administration last week in Washington D.C. to advocate for a streamlined Short Sale process that would help to stem foreclosures, assist homeowners facing foreclosure and help to advance the recovery of the real estate industry and the broader economy.

We support his perspective and feel making Short Sales a more accepted practice could…

Buying Las Vegas Foreclosures

Ruth Ahlbrand — Fri, 17 Jul 2009 02:47:52 +0000

Approximately 40-60% of our today’s sales are Las Vegas Foreclosures. If you are interested in buying a Las Vegas Foreclosure you should be aware of issues that impact our existing market.

Investors are snapping up Las Vegas Foreclosures in the $0-150K range quickly; they are aggressively moving back into our market.
Anticipate dealing with multiple offers on many Las Vegas Foreclosures, especially if they are in the “hottest” segment of our market…

Las Vegas Short Sale versus Las Vegas Foreclosue

Ruth Ahlbrand — Tue, 31 Mar 2009 02:41:19 +0000

Many people here in Las Vegas and around the US are uncertain about how to weigh a Las Vegas Short Sale versus a Las Vegas Foreclosure on their credit report. Yes, the impact can be significant; but, you can help yourself. Here is a quick summary:

A Las Vegas Short Sale occurs when you sell your house to another buyer for less than what is owed on the house – the process must…

Ground Breaking Real Estate Legislation

Ruth Ahlbrand — Thu, 19 Feb 2009 02:46:20 +0000

Today’s ground breaking real estate legislation by the Obama Administration should have positive and far reaching impact on the Las Vegas Real Estate Market.

The plan applies $75 Billion from the taxpayer funded financial rescue package to help lenders lower borrower’s monthly payments and reach the administration’s goal of keeping up to 9 million families in their homes across the USA. We believe the “reach” or impact here in the Las…

Las Vegas Real Estate Insight

Ruth Ahlbrand — Wed, 11 Feb 2009 03:40:35 +0000

There are so many misconceptions with what is really occurring in the Las Vegas Real Estate Market and beyond our fair city across the US. Today’s focus is on myth debunking:

1) “Banks are desperate to get rid of Foreclosures” – banks are inherently focused on numbers by their very nature, most are very much aware of where or how a home should be priced. So, can you get a good deal…