Real Estate Las Vegas | Las Vegas Now

Las Vegas Real Estate Statistics July, 2010

August 10, 2010

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This month’s report continues a few developing trends—inventory is growing (up another 1,000 + units and up for the 3rd consecutive month), specifically, REO inventory is up for the 4th consecutive month, and pending sales are down (nearly 600 units) for the 3rd month.
Short Sale closings declined versus the previous month for the first time in 6 months. The gap last month between REO and Short Sale closings was only 2.5%. Now it is back up to over 10%.
Blended inventory (3.58 months) and REO inventory (1.79 months) are the highest they have been in over 12 months.
Total closings are down 20% compared to July 2009. And REO closings are down over 50% compared to that same period.

As always, I am here for any comments, questions, or concerns you may have.

Warmly,

David Brownell

May Numbers Just Released!

June 8, 2010

Las Vegas Real Estate May Numbers

A vital and thriving market has returned to Las Vegas. Prices have flattened and in many communities started back up. Foreclosures are fading into the background as banks find better and more cost-efficient ways to handle these liabilities. Short-Sales rise 2 and 3 times last year’s volumes and deals are getting done.

The numbers are encouraging. By many indicators Las Vegas real estate hit bottom late last year and now seems to be headed back up.

By admin | Posted in Big Picture, Las Vegas Real Estate News | Tagged homes for sale las vegas, las vegas, las vegas bank owned homes, las vegas Bank-owned home, las vegas home sales, las vegas homes for sale, Las Vegas MLS, Las Vegas MLS listings, Las Vegas Real Estate, las vegas real estate listings, Las Vegas Real Estate mls, mls las vegas, Nevada mls, real estate las vegas, vegas real estate | Comments (0)

Home Buyer Tax Credit 2010

March 3, 2010

Here is the link for the Home Buyer Tax Credit 2010.

As the deadline approaches, we are getting more and more interest in this tax credit. Don’t miss out on this one! The link above leads to the IRS website so you can read what they have to say about it. If you have additional questions, feel free to contact us. There is a lot of misinformation out there so be careful. That is why I linked directly to the source; The IRS

If you would like another source of information, I suggest Brad Malkin of Prospect Mortgage. Brad is extremely knowledgeable on all the ins-and-outs of this credit.