Monday, January 14, 2013

Las Vegas Real Estate News

Las Vegas Real Estate News

Link to Las Vegas Real Estate News

The Ballen Group of Keller Williams, <b>Las Vegas Real Estate</b> Agent <b>...</b>

Posted: 13 Jan 2013 01:23 AM PST

The Ballen Group of Keller Williams, Las Vegas Real Estate Agent Team, has promoted Tom Wirt to CEO. Tom Wirt, Lead Listing Specialist for The Ballen Group of Keller Williams Realty Las Vegas, an Award Winning Real ...

Las Vegas,NV:Peccole Ranch Real Estate House Prices UP +14.8 <b>...</b>

Posted: 12 Jan 2013 12:06 AM PST

Success! DONE. 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 ...

“Boomerang Buyers” Recover from Home Foreclosure in Las Vegas

Posted: 14 Jan 2013 04:24 AM PST

A growing number of former homeowners just out of foreclosure are finding themselves getting back onto the property ladder within just a few years in the Las Vegas area, according to new reports. While these so-called boomerang buyers are still few in number, there are indications that their numbers are poised to grow and could have a huge impact on the city's real estate market.

Realtors across the city are keen on the market re-entry of these resilient buyers. Dennis Smith, president and CEO Home Builders Research, confirmed that this type of buyer has aroused much interest recently. He said that these buyers are being driven by the fact that, in many cases, it has become cheaper to own a home than to rent a residence. Examining the numbers indicates that boomerang buyers could indeed be a substantial and largely untapped market, particularly for affordable priced homes like those on the short sales list.

In year 2000, the home-ownership rate within Las Vegas Valley was 64 percent, a figure which soared to a 68.8 percent high alongside the housing boom of 2006. As of this March, home ownership had dropped to just 48 percent. Although it is difficult to estimate how many homeowners became renters due to foreclosures, a housing analyst believes that mortgage defaults were largely responsible for the rental surge. During the downturn, some 130,000 households suffered a short sale or foreclosure. With the city maintaining its population level, it is logical to assume that many of those residents who defaulted remain, and a great majority of them would  now be renting homes instead of owning.

One firm, Premier Mortgage Lending, was quick to see the benefit of boomerang home buyers. Last year, it came up with a special program called "Another Chance," which it specifically launched for recently foreclosed home buyers. The program has already funded close to 200 loans. The owner of the company, Rick Piette, said it took some time for people to realize that there was available financing of this type, but now their phones are now busy with callers ringing non-stop about the program.

 

 

The Ballen Group of Keller Williams, Las Vegas Real Estate Agent Team, Has Promoted Tom Wirt to CEO

Posted: 13 Jan 2013 09:40 AM PST

Tom Wirt, Lead Listing Specialist for The Ballen Group of Keller Williams Realty Las Vegas, an Award Winning Real Estate Team in Nevada, has been promoted to Chief Executive Officer. [PR.com]

Premier: Debt relief extension will help people buy again

Posted: 13 Jan 2013 04:13 PM PST

Part of Washington's bipartisan agreement to avert the Jan. 1 "fiscal cliff" is the extension of a tax break that will make Southern Nevadans who are considering a short sale or foreclosure breathe a little easier, the Mortgage Forgiveness Debt Relief Act.

Pardee Homes ready to debut Eldorado Heights neighborhood

Posted: 13 Jan 2013 04:11 PM PST

Eldorado Heights, a new Pardee Homes neighborhood, will debut Jan. 19. It will feature seven new floor plans and the builder's new GenerationSmart concept.

Summerlin's recreational amenities draw buyers

Posted: 13 Jan 2013 04:09 PM PST

Thousands of Summerlin residents are taking advantage of the community's award winning recreational amenities to meet health and fitness goals for the new year.

Pulte to help buyers with closing costs

Posted: 13 Jan 2013 04:08 PM PST

Pulte Homes is offering as much as 3 percent off closing costs at four of its single-family neighborhoods, which are spread across the Las Vegas Valley.

Prudential Americana Group gives toys for Las Vegas tots

Posted: 13 Jan 2013 04:06 PM PST

Prudential Americana Group, one of the country's largest Prudential Real Estate franchises, participated in the Toys for Tots holiday drive. The company, its real estate sales executives and team members donated about 1,000 new, unwrapped toys for Las Vegas children.

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