Las Vegas Real Estate News from Local Professionals

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Qualify More Buyers with FHA Projected Income

Jun 17th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Mortgage

Qualify more home owners for real estate purchase or refinance in Las Vegas (or around the nation) with this handy FHA qualification tip.
Did you know that FHA will allow a borrower to use projected income for home loan qualifying purposes?
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Worker at Eschelon Killed in Accident

Jun 17th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Condos, Las Vegas New Homes

TheLasVegasRealEstateBlog.com sends out prayers and best wishes to the friends and family of the construction worker who fell to his death Monday morning, June 16th 2008 at the site of the new Eschelon construction project next to Circus Circus.
We wish all workers on every project in the valley all the best. Stay safe.
You may [...]



Encouraging Las Vegas Market Analysis

Jun 15th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Real Estate News

Our friends at Equity Title have provided us with a wonderfully encouraging graph depicting the pending and contingent home sales over time here in Las Vegas. We haven’t seen levels of pending sales and contingents like these since early 2006. As many of us are seeing on the front lines of Las Vegas [...]



Moment of Silence for Tim Russert

Jun 13th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Real Estate News

This evening there will be a moment of Blogging Silence on The Las Vegas Real Estate Blog in memory of Tim Russert. Although we never became friends, every Sunday morning we met on Face the Nation. Russert passed away after collapsing at work today. He was 58. You may read articles [...]



FHA - 90 Day Flip Rule Suspended

Jun 13th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Foreclosure News, Las Vegas Mortgage, Las Vegas Real Estate News

BIG news for all FHA qualified borrowers. Bank owned properties, once subject to a “90 day holding rule” that prevented FHA qualified borrowers from purchasing are now able to be purchased! This is HUGE news that should create even more of a spark in the hot foreclosure market right now. Great news! [...]



Las Vegas Real Estate Market Update

Jun 11th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Real Estate News

Information provided by the GLVAR, MLS.
Look at that, +114 more SFR’s under contract as compared to last week. Way to go!
Keep up the good work and this market will keep on getting better.
Single Family Residence (SFR)
Available – 16,138 (+4 , Last Week 16,134)
Under Contract – 6,022 (+114 , Last Week 5,908)
Days of Supply – [...]



For Local REO Agents, Business is Booming

Jun 11th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Foreclosure News

We all know that foreclosures are at an all time high, and more are hitting the market everyday. While many real estate agents business has dried up and forced others out of business, agents who specialize in REO listings are smiling from ear to ear. For our local Henderson based company the National [...]



No More Down Payment Assistance?

Jun 10th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Mortgage

The FHA is once again mulling over the idea to remove down payment assistance programs from their loan programs. As a Realtor, you know how beneficial it is for the seller to be able to help the buyer by contributing 3% for down payment qualification. The problem that the FHA is seeing (if [...]



FHA Resource Center

Jun 9th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Mortgage

Did you know that you can easily find answers and ask FHA question’s at the FHA’s online Resource Center?
Of course you may always ask me, but if you happen to be searching around the Internet for pressing FHA needs at 4am in your PJ’s, this resource center will be right up your alley.
Don’t [...]



Pending Home Sales Up

Jun 9th, 2008 | By User ImageAaron Landreth (Check me out!) | Category: Las Vegas Real Estate News

Great news for pending home sales! These figures are for homes that are in contract, but have not closed. Let’s hope all the buyers can qualify with the tighter lending standards. Fingers crossed. A nice video from CNBC. Click here to watch pending home sales up.
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