|
 |
||
Call Us! 877.360.2030 • 702.360.2030 | |||
The state of the Las Vegas Real Estate market is one that is in flux, to a certain extent. The Foreclosure rates in Las Vegas have been dropping and the market has rapidly been shifting to Las Vegas Short Sales.
Las Vegas Short Sales
As noted above, Las Vegas Short sales have increased substantially the last two years, with 31% of all homes sold in July being short sales – this per…
Our market is clearly shifting from Las Vegas Foreclosure sales to Las Vegas Short Sales - as of today 26.9% of all homes sold in Las Vegas year to date are via a Short Sale. We expect this trend to accelerate moving forward as more and more banks and financial institutions work with homeowners to prevent foreclosures. Again, the trend is clear, by the end of this year 30-40% of all…
Today Fannie Mae extended a helping hand to homeowners who might opt for a Las Vegas Short Sale who are trying to avoid foreclosure. Fannie Mae as of July of this year will offer a program to homeowners that will enable them to buy a home within two years of they use a Las Vegas Short Sale instead of going into a Foreclosure.
At present, a homeowner who opted for a Las Vegas Short…