THE CLOCK IS RUNNING OUT FOR THE MORTAGAGE DEBT FORGIVENESS ACT!

Given the huge public and private resources now being devoted to helping financially distressed homeowners,including the recently announced $25 billion settlement from the 5 largest banks, you might assume that a key Federal tax law benefit underpinning these efforts …

INCREASING OPTIMISM ON NEW HOME SALES HAS YET TO HIT HOMEBUYERS IN LAS VEGAS

New home sales totaled just 216 in January down from 237 in January of 2011 and the lowest level on record
reported Home Builders Research on Monday.

New home building permits in Las Vegas fell to 222 in …

LAS VEGAS HOUSING MARKET -- THE BOTTOM IN SIGHT YET?

Las Vegas home values drop for second straight year, losing 11 percent of value on average.

Home values dropped in all but 3 of the valley's 56 zip codes last year. That's coming off a 6 percent decline
in …

NEVADA FORECLOSURE STARTS INCREASING BUT STILL BELOW THE NUMBERS FROM A YEAR AGO

In Clark County, there were 1,115 notices of default,filed in January, up 13.5 percent from the prior month,but a dramatic 80% decrease from 5,695 in January 2011, an online service reported.

A total …

HOME BUILDERS OPTIMISTIC ABOUT RISING NEW HOME SALES IN 2012

The National Association of Home Builders/Wells Fargo said its Builder Sentiment index rose for a fifth straight month in February to 29, up from 25 in January, to its highest level since May 2007.

Builders have generally become more …

THE OFFICE MARKET IN LAS VEGAS NOW IN AN OWNING RATHER THAN A RENTING MODE

Small business owners such as Clay Bloxham, of PayPros payroll accounting service recently bought
a freestanding, 4,100 square foot office condo at Durango Drive for $390,000, working out terms with
Bank of Nevada …

$27 MILLION WINDFALL FOR THE LAS VEGAS CONVENTION AND VISITORS AUTHORITY

With the economy showing signs of life and the tourist volume rising to near pre-recession levels,the Convention Authority will have to adjust its budget to account for a windfall.

The Authority is financed by a 12 to …

NUMBERS IN LAS VEGAS DON'T SUPPORT THE BANKS EFFORTS OF OFFERING CASH PAYMENTS FOR SHORT SALES IN OTHER STATES

Local LAS VEGAS REALTORs ASKS --
"Why is it that 48 percent of home sales are foreclosures and only 26 percent are short sales? "

"It's funny that they put this out …

SOME BANKS ARE OFFERING CASH INCENTIVES TO ENCOURAGE SHORT SALES

Banks, accelerating efforts to move troubled mortgages off their books, are offering about $35,000 in cash to
delinquent homeowners to sell their properties for less than they owe.

Lenders have routinely blocked or delayed such transactions known as short …

LAS VEGAS - TECH PRESENCE IN THE DESERT?

Las Vegas has a long way to go before it's tech industry reaches a critical mass. It lacks the
Stanford-size intellectual push that helped Silicon Valley become the hub it is today.

But Las Vegas may be able to carve a niche …