Buying

Sept. 19, 2012

Consider Henderson Nevada for your family home

While Las Vegas may get most of the glory, the nearby city of Henderson makes headlines as it repeatedly is included in Money Magazine’s “Best Places to Live.” For 10 straight years, Henderson’s housing market has shown great improvements, better than nearly every other community in the valley.

If …

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Sept. 18, 2012

Buying an older home

There aren’t very many historic homes in the Las Vegas valley, given that we’re barely 100 years old. But, if in your search for a new home you manage to fall in love with one of the older houses, what should you look for before deciding to make an offer …

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Posted in Buying, Las Vegas
Sept. 13, 2012

Could your home start a bidding war?

The Las Vegas housing market has seen a steady increase in prices, mainly due to cash investors. House inventories are down – nearly 24% when compared to last year – which means that there will be more offers on each house that goes up for sale. The increase is particularly …

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Sept. 12, 2012

People may feel optimistic, but what does the market say?

According to the August, 2012 survey conducted by Fannie Mae, 40% of responders believe that the current mortgage rates will increase over the next year. Adding to that the 18% who believe that it is currently a good time to sell and 73% feel it’s a good time to buy …

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Sept. 11, 2012

ARE YOU BETTER RENTING OR OWNING YOUR OWN HOME?

No matter what the rest of the economy is doing, home ownership always trumps renting. While it may seem at first glance thatthe costs of buying are intimidating, as a buyer, you ultimately win. When you calculate out even just five or six years, you will have saved thousands each …

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Aug. 8, 2012

LAS VEGAS HOME SALES SLOWED BY A TIGHT SUPPLY IN JULY

Prices edged up slightly from the previous month according to the Greater Las Vegas Association
of Realtors.

Realtors sold 2,890 single family homes during the month, a 10.1 percent decrease from June and
a 8.7 decrease from the same month a year ago.

The median price rose …

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Aug. 5, 2012

HOUSE HUNTERS FINDING OUT THAT CASH IS KING IN LAS VEGAS

One Las Vegan has made nine propositions since February. He's hired professionals to help him
find the right house. Four banks have pre-qualified him.

Yet, every time he's made an offer on a home, someone else has swooped in, usually an investor
with cash, often with a higher bid …

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July 26, 2012

LAS VEGAS AND NATIONAL NEW HOME SALES PLUNGE IN JUNE

Two year high set in May followed by 8.4 percent drop in June. The steep decline suggests a weaker
job market and slower growth could make the housing recovery uneven.

Las Vegas based SalesTraq reported 353 new home sales in June, down from 413 in the prior month and …

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June 2, 2012

SHORT SALES OF HOMES GREW 25% FROM A YEAR EARLIER, HITTING A 3 YEAR HIGH

In Las Vegas and Henderson, short sales are catching up with foreclosures. Nearly 30 percent
of existing home sales in April were short sales compared with 25% in March reported the Vegas Association of Realtors.

Meanwhile, bank-owned home sales declined 36.9% in April, down from 40.7% in March.

The …

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May 30, 2012

HOME PRICES ROSE IN MOST MAJOR U.S. CITIES FOR THE FIRST TIME IN SEVEN MONTHS

Prices, however, were unchanged in Las Vegas. The increase is the latest evidence of a slow recovery
taking place in the housing market.

The Standard & Poor's/Case-Shiller home price index shows that prices rose in 12 of the 20 cities tracked.

Three of the weakest markets showed signs …

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