(November 2008 Las Vegas real estate report)
Las Vegas home sales in Oct. 2008 were down -2.3% from September. Over 60% of these sales were the sale of foreclosed by banks (REO’s). The median price of a Las Vegas home sale fell 2.6% in October from the month previous. It looks like we are going to [...]

Different organizations have reported recently that home prices are down in Las Vegas and on average about 30% from a year ago.  Most of the experts feel we could drop in prices another 10%.
What may surprise you is that right now and possibly for the near distant future you may be able to make a [...]

For a year now I have been telling people that the high rise condo’s have been over priced and will come down substantially in price.
My idea of a bargain is when you can buy something for less than it can be produced for.  Basic High rise condo building costs exceed $350 per square foot.  So I consider [...]

Las Vegas town homes and condos under $50k

Last night I received a question about investing in a Las Vegas condos.
”I am a Canadian and am interested in purchasing a condo for an investment in the Vegas area. I have $50,000 USD. What can I buy for this price?
Elliott”
Thanks for your question Elliot. I ran a [...]

Cheap houses in Las Vegas

It is well established common knowledge that many service jobs in the Casino/ Hotel industry rely on tips as a major portion of these workers income.  From about 2004 through 2006 with historic low interest rates and the ability of these workers to use “Stated Income” rather than prove their income [...]

Just a couple quick notes on the current state of Las Vegas repossessions for August.  A national analytics company , First American CoreLogic reports that ” The Q3 2008 Core Mortgage Risk Index (CMRI) has risen 12% above a year ago and increased for eleven of the last twelve quarters. The CMRI—which forecasts delinquency risk—is [...]

Not all Las Vegas real estate is being sold for the same price and it isn’t just the location or the size that dictates the price! Investors are currently flooding into the market looking for the real deals and they are finding them. Some Las Vegas home Buyers are finding real deals with [...]