Foreclosures

Dec. 12, 2012

Sales Down, Prices Up

While home sales in Las Vegas have slowed down, prices are rising again in the Valley, says a report from the Greater Las Vegas Association of Realtors. November showed 2,682 single-family home sales – up 16.8 percent from last year. The median price for these homes was $146 …

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Nov. 26, 2012

Las Vegas’s empty buildings = opportunity?

If you’ve driven around the Las Vegas Valley, you’ve most likely seen the half-built structures and abandoned construction sites littering the area. Many of these projects were halted in the last few years as part of what many are calling the Las Vegas real estate bust. Sadly, the economy did …

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Nov. 19, 2012

Las Vegas Continues Efforts to Gain in Bad Market

Homes for sale in Las Vegas, NV are up in double digits over 2011.  Homes that are considered in the median price range in Las Vegas and Henderson are now listed at 12.41 percent higher than one year ago.  In October, home prices in Las Vegas were …

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Nov. 14, 2012

Banked-owned properties are no longer your best deal

We’ve discussed the issues in competing with cash buyers in our article, “Cash talks – so bid quick!” last week.  We’ve also touched on the great deals you can find in foreclosed, or bank-owned, properties. For a while, the Las Vegas area seemed flush with these discounted properties …

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Nov. 9, 2012

High Rates of Foreclosure in Las Vegas and Henderson

Las Vegas, Nevada (including Henderson real estate) currently has the highest rate of foreclosure in the entire country.  What is considered to be the metro area of Las Vegas, continues to be considered in the top five worst areas in the nation for real estate.  This mortgage crisis …

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Nov. 8, 2012

Water falls to mark a recovery

In 2008, a sign of the times hit the resort area of Lake Las Vegas in east Henderson. The development that contained several high-dollar homes, resort hotels, and a championship golf course designed by Jack Nicklaus filed for bankruptcy – and turned off the entryway’s waterfall. It seems that the …

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Nov. 6, 2012

It’s Election Day – have you found your home in Henderson yet?

With the candidates spending so much time in our fine town, how has that affected the housing situation in the greater Las Vegas area? It seems that we still have a lot of half-built neighborhoods and several foreclosures – do the candidates care? Will voting for either of them change …

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Oct. 14, 2012

Las Vegas Home Sales Rise

Throughout the month of September in Las Vegas, median home prices climbed to $140,000; that's up 13.5 percent from a year ago, according to the Greater Las Vegas Association of Realtors.

The housing market seems to have flipped focus from foreclosures to short sales; making short sales …

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Oct. 13, 2012

Housing Recovery in Las Vegas Expected to Take Decades

Even though foreclosures have slowed down a bit in the Vegas housing market, the overall forecast for the housing market is bleak; it could take decades to recover from the economic housing crisis.  Even with the assistance of both governmental and corporate help, 59 percent of Las Vegas mortgages …

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Sept. 29, 2012

Millions of Dollars Lost in Las Vegas HOA Scam

According to federal judge U.S. District Lloyd George, millions of dollars have been lost permanently in an HOA fraud.  The scam on innocent homeowners took place between 2003 and 2009.   

Federal judge George claimed that millions of dollars have been lost forever by some southern Nevadans (homeowners …

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