Thursday, May 10, 2012

Las Vegas Real Estate News

Las Vegas Real Estate News

Link to Las Vegas Real Estate News

Radio/TV Personality & Author, Suzie Humphreys to Present at Charfen Institute’s July Real Estate Breakthrough ...

Posted: 10 May 2012 12:13 AM PDT

Las Vegas real estate conference adds star keynote speaker annual event.Austin, TX (PRWEB) May 10, 2012 Alex Charfen, CEO of the Charfen Institute, announced today that the company's lineup of speakers for its July 15-18, 2012, Breakthrough Conference in Las Vegas will now include Motivational and Inspirational Humorist Suzie Humphreys.In its inaugural year, Charfen Institute's Breakthrough ...

sell real estate in las vegas – Las Vegas Homes For Sale – MLS <b>...</b>

Posted: 09 May 2012 04:21 PM PDT

EVERYTHING YOU NEED TO KNOW ABOUT THE LAS VEGAS REAL ESTATE MARKET ... May 9, 2012. Las Vegas real estate agents Kendall trotter and Steve Hawks with guest realtor Jason.

Commercial Real Estate Investment Podcast – commercial <b>...</b>

Posted: 09 May 2012 08:59 PM PDT

EVERYTHING YOU NEED TO KNOW ABOUT THE LAS VEGAS REAL ESTATE MARKET ... May 9, 2012. Las Vegas real estate agents Kendall trotter and Steve Hawks with guest realtor Jason.

Buying Las Vegas Foreclosures - <b>Las Vegas Real Estate</b>

Posted: 09 May 2012 04:57 AM PDT

Due to the mortgage crisis that our country faced over the last several years, there are continually more and more foreclosure properties that are being put up for sale everywhere you turn.

Does anyone have info on the Neighborhood Lift program in Las Vegas???

Posted: 09 May 2012 07:05 PM PDT

Three reasons to start a career in real estate | %real_estate_exam%

Posted: 04 May 2012 02:20 PM PDT

Tags: broker exam, broker's license, ca real estate exam, career in real estate, exam prep class, housing market, John Henderson, real estate, real estate market, salesperson exam, salesperson license. This entry was posted ...

Is it easier to finance a townhome than a condo?

Posted: 09 May 2012 05:14 PM PDT

Does anyone have experience with this? I've heard that it's much easier to finance a townhome than a condo (at least here in Vegas, where financing condos is extremely difficult) because townhomes include the land underneath. If the tax assessment says that it's a townhome, is that enough? I've heard that there may be other legal and technical issues that are involved and that research would be needed to determine whether the property is actually a townhome or condo for financing purposes. My situation is that I'm looking to buy an investment property with cash and refinance it in the future. Any input would be appreciated!

I WANT TO RENT-IS THERE A WAY TO KEEP MY ADDRESS PRIVATE AND MADE UNAVAILABLE TO OLD ASSOCIATES, EVEN IF THEY TRY TO USE INTERNET "LOCATOR"

Posted: 09 May 2012 05:35 PM PDT

SERVICES ?

Weekly Market Report • Las Vegas, NV 89144 • Single Family Residences • Apr 30-May 6, 2012

Posted: 09 May 2012 05:15 PM PDT

For the period of April 30 through May 6, the median list price in Las Vegas, NV 89144 is up to $282,250.

In the last few weeks, the market has reached a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone. If the market continues to heat up, prices are likely to resume an upward climb. 

See below for this week's full report:

LAS VEGAS, NV REAL ESTATE HOUSES PRICE UPDATE5/9/12

Posted: 09 May 2012 04:29 PM PDT

Las Vegas Summary

Average price per square foot for Las Vegas NV was $89, a decrease of 75.3% compared to the same period last year. The median sales price for homes in Las Vegas NV for Jan 12 to Mar 12 was $109,000 based on 12,758 home sales. Compared to the same period one year ago, the median home sales price decreased 7.6%, or $9,000, and the number of home sales decreased 12.2%. There are currently 6,973 resale and new homes in Las Vegas on Trulia, including 1 open house, as well as 16,364 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Las Vegas NV was $279,497 for the week ending Apr 25, which represents an increase of 2.3%, or $6,387, compared to the prior week. Popular neighborhoods in Las Vegas include Las Vegas and Summerlin, with average listing prices of $215,502 and $319,936.

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May 2012 ***FREE*** Home Ownership Seminar, Learn Your Rights!

Posted: 09 May 2012 03:15 PM PDT

May 2012 ***FREE*** Home Ownership Seminar, Learn Your Rights!

Posted: 09 May 2012 03:10 PM PDT

REO-to-Rental Initiative Intentions Explained

Posted: 09 May 2012 03:10 PM PDT

Clarification was offered Monday on misconceptions regarding the REO-to-Rental Initiative, currently in pilot stages. Meg Burns, FHFA's senior associate director for housing and regulatory policy, explained in a testimony to lawmakers the purpose and intent of the pilot program, which involves the bulk sale of Fannie Mae REO properties to investors who will then convert their purchases into rental units.

Calling the initiative "highly inappropriate on a national scale," Burns said the "markets are carefully selected, based on obvious market characteristics – an oversupply of single family homes for sale and a strong demand for rental housing."  Burns also added that "the pilot will not result in severely discounted sales," and said the properties won't be sold to investors if they aren't purchased at prices close to what Fannie Mae can get through a retail execution.

As a pilot program with many unknowns, deliberate decisions were made regarding the selection of just one company and the sale of already occupied properties.  Burns said "uncertainty surrounding the outcomes of the pilot" led to the involvement of just Fannie Mae.

And why Fannie Mae properties? For one, the GSE holds a concentration of homes in specific markets. Also, FHFA decided only one company should use its resources to test the new model, and three, "legal and operational challenges associated with bundling a group of properties in any given market" led to the decision to have just one company.

This "uncertainty" is also why Burns said a decision was made to sell already renter-occupied homes. When Fannie Mae first announced it put up 2,490 REOs up for sale earlier this year, about 85 percent of them were already occupied by tenants.  "Fannie Mae and FHFA decided to assemble pools composed mainly of rental properties to ensure that large numbers of vacant properties were not held off-market for the significant period of time required to execute a sale," said Burns.

As for the program's ability to increase the supply of affordable rental housing that's available or improve the rental housing stock through "green" home improvements, Burns said this was never the intention of the program, but those outcomes could become an indirect result.

As part of the first transaction announced in February, the nearly 2,500 REOs up for sale are divided into eight sub-pools, located in Las Vegas, Nevada; Phoenix, Arizona; various communities in Florida; Chicago, Illinois; Riverside and Los Angeles, California; and Atlanta, Georgia. The window for completion of the first pilot is sometime in the next few months.

While the program has been well received by many, in California, some lawmakers and the California Association of Realtors (C.A.R.) expressed objection to seeing the program in their state.  In April, 19 California lawmakers sent a letter to FHFA Acting Director Edward DeMarco asking that California be excluded from the Initiative, stating housing inventory throughout the state is "extremely low and demand is high."

According to data from C.A.R., 600 of the bulk REOs are located in Los Angeles and Riverside counties, and bank-owned homes are already closing in an average of less than 60 days, often above the list price.  So far, Burns said an independent third party has been hired to review applications and the process should be finished in the next few weeks. Then, eligible bidders will be notified and the bidding process will begin.

As for involving others, Burns said, "the Enterprise portion of the REO market is limited, so the future benefit of the program may be more applicable to private financial institutions that choose to sell their inventory in this manner."

Pilot Objectives Outlined in the Testimony

  • Gauge investor appetite for a new asset-class – scattered site single family rental housing – as measured by how much investors are willing to pay.
  • Determine whether the disposition of properties in bulk presents an opportunity for well-capitalized investors to partner with regional and local property management companies and other community-based organizations to create appropriate economies of scale, yet provides civic-minded approaches that can stabilize and improve market conditions.
  • Assess whether the model can be efficiently replicated to make it a worthwhile addition to the standard retail and small-bulk sales strategies in place at the Enterprises and other financial institutions with large inventories of properties to sell.

Understanding How Your Credit Score is Determined #1: Types of Credit Used

Posted: 09 May 2012 03:08 PM PDT

If you are ready to purchase a home, it is essential to learn more about how your credit score is determined. While your credit score is only one factor that is used to determine whether or not you receive a mortgage loan and how much your interest rate will be, it is one of the largest factors used to make this determination.

By having a better understanding of how your credit score is calculated, you can take the steps necessary to help improve your credit score and thereby improve the terms of your mortgage loan.

In determining your credit score, several factors are used to calculate your overall score. These include: the type of credit used, information about new financial accounts, the length of your credit history, the amount you owe and your payment activity. In this five part series, we will explore each of these factors and discuss the steps you can take to help improve your credit rating.


Exploring Types of Credits

The types of credit you have used will account for approximately 10 percent of your credit score, making it tied with information about new accounts as the least important factor in determining your score. Nonetheless, information about types of credit will have an impact on your overall credit score.

When exploring types of credit, several different things are considered. For example, the number of different types of accounts you have opened in your name will be taken into consideration. This doesn't only include those that you have recently opened, but also all of those accounts you have opened in the past. When considering the various types of accounts that you have opened, however, the score is affected by recent information as well as the prevalence of one type of account over another.

Giving Your Types of Credit Score a Boost


If you plan to purchase a home in the very near future, there isn't much you can do to address this part of your credit score. If you are planning for your future, on the other hand, keep in mind that you are better served by opening a variety of different types of financial accounts. Examples of different types of financial accounts include:

  • Auto loans
  • Consumer finance accounts
  • Credit cards
  • Installment loans
  • Mortgage loans
  • Retail accounts

The more varied your accounts and the more frequently you use them, the better your credit score will be if you have used these accounts responsibly and have repaid them as agreed upon.

WOW What An Awful Experience For My Buyer

Posted: 09 May 2012 02:17 PM PDT

WOW who would think after finding the perfect home for your buyer and getting a ratified contract December 1st 2011, would turn into such a nightmare.  Although my team is very experienced in short sales and we don't hesitate to sell one to our buyers either but this one takes every bit of experience and throws it out the window.  

our dateline breakdown:

12/1/2011 contract on home

3/5/2012 BofA and FHA short sale approval letter (we are so excited at this point)

4/12/2012 Buyers loan and docs are done she signs all closing docs and pays all closing fees and costs due to close....

5/9/2012  Can you believe my single mom homeless buyer still has no home?  We are waiting for a final BofA and HUD appraisal extension and approval to close.  Seems no one can help us get this done for my buyer and her son and dog and now she may be forced to cancel and rent again after working so very hard to do all she was supposed to do including the sacrifices made by her and her son to save enough money to buy a home for them.  

In all of our success stories there is always one that makes you shake your head and go huh????

May 2012 ***FREE*** Home Ownership Seminar, Learn Your Rights!

Posted: 09 May 2012 03:14 PM PDT

May 2012 ***FREE*** Home Ownership Seminar, Learn Your Rights!

Posted: 09 May 2012 03:12 PM PDT

<b>LAS VEGAS REAL ESTATE</b> UPDATE <b>...</b> - Real Estate In Las Vegas

Posted: 09 May 2012 04:19 AM PDT

Las Vegas real estate agents Kendall trotter and Steve Hawks with guest realtor Jason Vanzant. Explore the recent foreclosure boom that has.

biznes v turcii for those who offer <b>Las vegas real estate</b>

Posted: 09 May 2012 05:12 AM PDT

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Townhouse/Condo in LAS VEGAS from HUD Foreclosed | Real <b>...</b>

Posted: 09 May 2012 12:23 AM PDT

EVERYTHING YOU NEED TO KNOW ABOUT THE LAS VEGAS REAL ESTATE MARKET ... Townhouse/Condo in LAS VEGAS from HUD Foreclosed. by admin • May 9, 2012 • Las Vegas Real Estate • 0 Comments · Townhouse/Condo in LAS ...
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