Thursday, December 27, 2012

Las Vegas Real Estate News

Las Vegas Real Estate News

Link to Las Vegas Real Estate News

LVT Owner Buys 427 Residences at Veer Towers

Posted: 25 Dec 2012 09:00 PM PST

LAS VEGAS-LVT Owner LLC has paid $119 million to buy 427 condo units at Veer Towers situated in Las Vegas' CityCenter project.

Reno and Las Vegas Strong Bets for Real Estate Investors

Posted: 27 Dec 2012 12:08 AM PST

Investing in Reno and Las Vegas real estate properties is one way to ensure that money ends up in your pocket.  Prices are still very low in these two cites after they experienced a deep plunge during the economic bust, but evidence suggests that a strong rebound is currently in progress.   Multiple Listing Services (or MLS) data shows the following evidence of strong growth:

Prices are up

In Las Vegas there was a noticeable 12.4% increase in home prices during October, compared to the previous year.   Reno, on the other hand, showed an increase of 11. 7% compared to the same month of the previous year.  Both cities showed indications that they were improving much faster than other markets in the nation.  Single family homes in Las Vegas went up by 11.9% in October compared to September's sales.  Townhomes and condominium units rose by 5.7%.

Tightening of inventories

Both markets are seeing significantly reduced inventories.  Reno's inventory decreased by almost 30%, while in Las Vegas, inventory went down by 24.4% over the last 12 months.

Declining Foreclosure rates

Tough new foreclosure rules that are now being implemented in Nevada helped to reduce both city's foreclosure rates.  Before the new foreclosure rules, foreclosure rates were at one for every 39 homes, one of the steepest in the country.  Now however, the foreclosure rate has much improved and currently stands one for every 139 houses.

Lowering of Unemployment

Unemployment rates are still a problem for both cities, but as the economy improves in these areas more jobs will almost certainly be created.  And while both the economy and job growth are still a bit on the shaky side, several factors predict that these two cities are set for a stable rebound, meaning it would be a smart decision to make your move in the real estate market now.

 

Las Vegas,NV Picked No. 4 Hottest Real Estate Sellers Market in <b>...</b>

Posted: 20 Dec 2012 10:15 AM PST

Las Vegas Real Estate Foreclosure. Homes for Sale Free List Daily. David Cooper 702-499-7037. DAVID COOPER. By DAVID COOPER | Landlord in Las Vegas, NV. /profile/LASVEGASWINNER/. Las Vegas,NV Picked No.

Missing Girl Last Seen with Slashing Suspect

Posted: 26 Dec 2012 03:58 PM PST

The search is on for a 10-year-old girl who was last seen with a woman suspected of slashing a co-worker at the Bellagio.

The road from immigrant to CEO

Posted: 26 Dec 2012 12:47 PM PST

Real Estate Connect speaker profile: Pete Flint

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Keep buyers focused on their top 5 must-haves

Posted: 26 Dec 2012 09:40 AM PST

There's no such thing as a '100 percent house'

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'Mobile everything' is not a marketing strategy

Posted: 26 Dec 2012 09:16 AM PST

Make sure you know how your audience is actually using mobile

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Home prices show expected seasonal sag

Posted: 26 Dec 2012 08:30 AM PST

Annual gains in Case-Shiller index evidence recovery is 'gathering strength'

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