Happy Halloween! The Las Vegas market is recovering from housing bubble. Investors and regular home buyers are snapping up property all over the city. Things are far from perfect, unless of course you are a home buyer. The market has experienced a ‘perfect storm’, driving down prices while raising home inventory. The result are some of [...]

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 [...]

If you haven't been keeping up on real estate news in the Las Vegas valley, there have been several developers that have filed bankruptcy. Most of the projects involved were nothing more than a plot of land or the shell of a building, but not all. Lake Las Vegas resort filed some time ago and [...]

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 [...]

Here is the updated July 1 to July 31 2008 Single Family Closings graph including all the late postings by the procrastinators according to GLVAR data today. My magic number is 2516.
GLVAR could have a slightly different number when the official number is announced.
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So much for wondering when we would hit 2500.
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Maybe it’s because Las [...]

Somebody ought to write a positive headline once in a while, especially when the Las Vegas closing numbers look good.
Pending Sales:
Pending sales for single family homes are above 2700 units today. Pending sales hovered around 2500 during May and 2600 in June and produced closings above 2000 units in each of those months. Contingent sales, [...]

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 [...]