Las Vegas Real Estate News |  |
- Your own real estate 'best practices'
- Calif. resale price rises for 7th month
- The Federal Tax Credit and the Las Vegas Market
- I'm hoping to do a SHORT SALE of my condo. How should I go about finding a good / experienced short sales agents among the claimed?
- Do I QUALIFY for a SHORT SALE / HARDSHIP? I make about $200K / year, own 2 investment homes, but my savings account went from 95K -> 90K last
- <b>Las Vegas Real Estate</b> Update-builder Mortgage Fraud Pt. 1
- Median Las Vegas Home Prices
- <b>Las Vegas Real Estate</b> Investors Get Squeezed with Lower Rents
- Las Vegas Real Estate Investors Get Squeezed with Lower Rents
- Hong Kong acts to curb property boom
- Real estate top performers' tips
- <b>Las Vegas Real Estate</b> Rebounds - <b>Las Vegas Real Estate</b> at REMAX <b>...</b>
- Home Buyers Returning to Market | Increase in Home Buying <b>...</b>
- Capmark Seeks Chapter 11
| Your own real estate 'best practices' Posted: 27 Oct 2009 01:00 AM PDT |
| Calif. resale price rises for 7th month Posted: 27 Oct 2009 01:00 AM PDT |
| The Federal Tax Credit and the Las Vegas Market Posted: 26 Oct 2009 11:54 PM PDT Our own Forrest Barbee was asked by the Las Vegas Review Journal newspaper recently about the impact of the federal tax credit (for first time homebuyers) on residential sales in Nevada. The statistics were even more dramatic than I expected… The evidence comes from the Internal Revenue Service, which says that 20,222 Nevada first-time homebuyers have applied for the tax credit of up to $8,000 for the tax year 2008 as of Sept. 18. "That's a third of all the sales, new and resale, for that one-year period. That's a pretty sizable number," said Forrest Barbee, corporate broker at Prudential Americana Realty and a director of the Greater Las Vegas Association of Realtors. "It certainly suggests to me that an awful lot of people are taking advantage of this tax credit," Barbee said. As you might imagine, the big question on everyone's mind going forward is the potential extension of this highly effective housing stimulus program. The current tax credit is set to expire on November 30th and lawmakers are hard at work developing phase II of this highly popular tax break. In the meantime, buyers are struggling with the worst enemy of any market-based decision making process, uncertainty. In truth, almost no one doubts that the tax credit will be extended in one format or another. Residential housing is at the epicenter of our current economic downturn and no expert that I know of thinks a sustainable recovery is possible without meaningful stabilization in US house prices. You can't achieve stabilization without a steady supply of buyers, and without the tax credit it would appear that you forfeit quite a bit of residential enthusiasm. Is that something the US economy can afford right about now ?? Almost certainly not… |
| Posted: 26 Oct 2009 09:57 PM PDT "experts"? I'm hoping to do a SHORT SALE of my condo in LasVegas. How should I go about finding good / experienced short sales agents? Google search finds agents/agencies such as "Coldwell Wardley/BallenGroup", "Goad Team", or "Sena & Associates". They all claim having experience and being experts at Short Sales from what I read on internet. How do you distinguish between these "experts"? How do you tell which ones have real success getting offers, getting short sale approved, and getting deficiency released when all of them claim they do (all of them with convincing blogs/posts/info)? How do you pick the "best" once you filter through the 'non-experts'? |
| Posted: 26 Oct 2009 10:30 PM PDT year. So my savings account dropped by 5K-10K for last 2 years. I can probably sustain this for another 5-10 years, but the property value has dropped enough that short sale is the "best course of action" at this point (from a purely "selfish" point of view). Do I really qualify for a hardship? One theory is "No, you make too much, you still have a job, etc.". The other theory is "Yes, the property value has dropped, rental income has dropped by 50%, so yes, you can qualify for a short sale". My property was valued at $500K, and I owe about $400K. Right now the property value is about $200K. So, is it likely that I qualify? My mortgage is from Chase Mortgage (in case which bank matters). Have anyone had a short sale successfully approved in a similar situation? |
| <b>Las Vegas Real Estate</b> Update-builder Mortgage Fraud Pt. 1 Posted: 24 Oct 2009 03:43 AM PDT Las Vegas real estate agents and consumer advocates Kendall Trotter and Steve Hawks discuss questionable transactions that new home builders were facilitating to move homes with a former insider a… Related posts: ... |
| Posted: 23 Oct 2009 07:39 PM PDT ... the contact information below to start your search. Paul Francis, CRS Prudential Americana Group – Realtors® Las Vegas - Summerlin Bank Owned Homes Search 702.592.3058. Posted in Las Vegas Real Estate Tagged: Las Vegas Real Estate. |
| <b>Las Vegas Real Estate</b> Investors Get Squeezed with Lower Rents Posted: 22 Oct 2009 07:04 AM PDT My newest client who is an out of state Las Vegas Real estate investor popped into town to check on the Las Vegas rental homes they own. The tenants suppesedly dissappeared / moved out when they stopped paying their rent several months ... |
| Las Vegas Real Estate Investors Get Squeezed with Lower Rents Posted: 22 Oct 2009 07:04 AM PDT As of Today… there are 5144 rental properties available on the Las Vegas MLS for areas 101 through 606 which includes North Las Vegas, Henderson Real Estate and Summerlin Homes. The fact of the matter is that we have/had a ton of ... |
| Hong Kong acts to curb property boom Posted: 26 Oct 2009 03:58 PM PDT |
| Real estate top performers' tips Posted: 26 Oct 2009 09:21 AM PDT |
| <b>Las Vegas Real Estate</b> Rebounds - <b>Las Vegas Real Estate</b> at REMAX <b>...</b> Posted: 23 Oct 2009 05:20 PM PDT We think the Las Vegas real estate market is rebounding, just like the rest of the US real estate market. |
| Home Buyers Returning to Market | Increase in Home Buying <b>...</b> Posted: 26 Oct 2009 08:26 AM PDT It seems for the time being it will be more of the same until we get through that product," Las Vegas real estate professional Devin Reiss told the newspaper. From Credit.com. The Valerie Fitzgerald Group specializes in luxury ... |
| Posted: 26 Oct 2009 01:38 PM PDT Capmark, one of the nation's largest commercial-real-estate lenders, filed for bankruptcy protection in Delaware, the latest sign that problems in that market are far from over. |
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