Las Vegas Real Estate News |
- LVT Owner Buys 427 Residences at Veer Towers
- Reno and Las Vegas Strong Bets for Real Estate Investors
- Las Vegas,NV Picked No. 4 Hottest Real Estate Sellers Market in <b>...</b>
- Missing Girl Last Seen with Slashing Suspect
- The road from immigrant to CEO
- Keep buyers focused on their top 5 must-haves
- 'Mobile everything' is not a marketing strategy
- Home prices show expected seasonal sag
LVT Owner Buys 427 Residences at Veer Towers Posted: 25 Dec 2012 09:00 PM PST |
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.
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Las Vegas,NV Picked No. 4 Hottest Real Estate Sellers Market in <b>...</b> Posted: 20 Dec 2012 10:15 AM PST |
Missing Girl Last Seen with Slashing Suspect Posted: 26 Dec 2012 03:58 PM PST |
The road from immigrant to CEO Posted: 26 Dec 2012 12:47 PM PST Real Estate Connect speaker profile: Pete Flint |
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' |
'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 |
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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