Las Vegas REALTOR: RE/MAX CENTRAL of Las Vegas

Las Vegas Foreclosure Assistance

Las Vegas Foreclosure Assistance is certainly needed by tens of thousands of residents around Las Vegas. We know of a number of resources that are publicly and freely available, including the Nevada Foreclosure Help run by the State of Nevada.

Here at RE/MAX CENTRAL of Las Vegas we are now offering free, no strings attached Las Vegas Foreclosure Assistance in our office via an attorney who is working standard business hours. Just…

Optimism Emerging in Las Vegas

Optimism emerging in Las Vegas as capital begins to flow back into our market. In the last week we’ve seen a bidding war erupt for General Growth Properties, a real estate development company with very large land holdings here in Las Vegas, commercial developments and five shopping malls located in and around Las Vegas.

Just announced this week, several large Wall St. Firms are extending a large amount of funds to MGM…

Las Vegas Builders Shifting Model

In this challenging economy across the US many builders are having a difficult time and our Local Las Vegas builders shifting model to better leverage opportunities that are presented to them. Many builders, including a large number here in Las Vegas, are going to work directly for Banks and Financial Institutions as contractors. This is dramatic change from years past.

New Home Builders Perspective

The number of single family Las Vegas homes…

Las Vegas Homes

Our Foreclosure Bus was featured via the Wall St. Journal today coupled with an article that was not well researched or written. The overall tone of the piece was negative to say the least and we disagree with the takeaways that most readers would have after reading.

Las Vegas Homes

First and foremost, just because investors and others are having a challenging time finding a bargain Las Vegas Home is not…

Las Vegas Homes Inventory- More On The Way

Over 57% of the trustee sales were postponed last year and only 19% cancelled. This reenforces what we expect to happen starting in this month.

The Banks will be releasing more foreclosed homes for sale. The Banks will not flood the market. The Banks will release enough to be aborbed without effecting the current market value of homes. The Median Home Price in January was $125,000.00. This has not fluxuated below $123,000 for the past 8…

Las Vegas Home Sales Statistics

DATE 3/2/2010

Free Legal Advice For Las Vegas Home Owners Who Are Considering Short Selling Their Homes.

TOTAL HOMES FOR SALE 22,463
Active & Contingent Regular 5,055
Active & Contingent REO’s 3,298
Active & Contingent Shorts 14,070

Pending Sales All                         2,948
Pending Sales Regular                   649
Pending Sales REO’s                    1,527
Pending Sales Shorts                     768

Sold YTD All                                  6,118
Sold YTD Regular                       1,274
Sold YTD REO’s                            3,470
Sold YTD Shorts                          1,362

% Of Short Sales Sold Since January 1, 2010 Is 22.26% - This percentage will continue to rise.

Las Vegas…

FRIDAY LAS VEGAS HOME SALES

LAS VEGAS REAL ESTATE DAILY UPDATE

DATE 2/26/2010 FREE LEGAL ADVICE ON SHORT SALES

Active All 22,472
Active & Contingent Regular 5,057
Active & Contingent REO’s 3,294
Active & Contingent Shorts 14,088

Pending Sales All 3,028
Pending Sales Regular 647
Pending Sales REO’s 1,617
Pending Sales Shorts 760

Sold YTD All 5,569
Sold YTD Regular 1,148
Sold YTD REO’s 3,195
Sold YTD Shorts 1,215

% Short Sales of Sold YTD 21.82% SHORT SALES ARE INCREASING

Short Sales Are Best for the Seller And Best for…

Las Vegas Foreclosed Homes

Las Vegas Foreclosed Homes have been impacted by sales of traditional homes in January – this is first time this has occurred in two years, signaling more positive shifts in our local market.

Short Sales Driving Market

Short Sales are starting to overshadow foreclosed homes in terms of numbers and percentages. A Short Sale just means the home is sold for less than what is owed on the mortgage and is good…