Las Vegas Real Estate Related News Stories
Website puts Las Vegas on top of housing turnaround list
Las Vegas, NV (KTNV) — Las Vegas is at the top of another national list.
Real estate website Trulia.com has named Las Vegas and Seattle the top turnaround housing markets of 2012.
Although home prices in Phoenix increased the most last year, Las Vegas and Seattle reported the most dramatic change.
Both had price gains of more than 10 percent in 2012 after declines of more than 10 percent the previous year.
Although prices aren’t nearly what they were, it is a reasonable increase.
we headed into another huge year.
That makes it incredibly competitive for first-time home buyers.
With so many cash buyers out there, experts say not to waste any time.
By Joyce Lupiani
CREATED JAN. 4, 2013
Our thoughts; Hopefully not a small bubble, read article below. Hopefully all areas of the Country will be rising, on our way out of this housing nightmare.
Even if the Vegas prices dip a little in the near future, we feel the prices here will still be “up” over the next 2 years from where they are today.
Las Vegas Home Prices Rising
Home prices in Las Vegas have been rising. But will they continue to rise? We feel that the main reason they have been rising is due to the shortage of available foreclosure houses in the Las Vegas and Henderson Real Estate market, caused by the Governments Nevada Assembly Bill 284.
Because of this Bill the Banks have practically stopped processing REO’s over the last 6-7 months. If and when the banks start the foreclosure process in Las Vegas again we feel the prices will probably remain flat or dip.
Here is some more insight on Vegas home prices. By Steve Green
Las Vegas-area home prices should continue increasing through the end of the year, a real estate data tracking firm reported Tuesday.
After struggling during the recession with steep price declines, the Las Vegas area saw prices increase 4.7 percent from the first quarter of this year through the second quarter, Clear Capital reported.
The Truckee, Calif., firm said Las Vegas-area prices are expected to rise 9.3 percent by the end of the year.
That ranks Las Vegas ………………………………… Click here to Continue Reading
Are Rent-to-Own home programs here for the long run?
We believe that rent to own and lease option home programs will become even more popular as every day passes. Leasing with the option to purchase the home is not a new real estate strategy, in fact it is one of the oldest creative real estate acquisition strategies. Lease Purchasing aka Rent to own home ownership has its benefits and potental pitfalls. To Avoid the common problems with rent to own check out this article.
Rent-to-own home programs; the phenom emerged onto the scene roughly a decade ago. The question is: Are these programs a bubble trend or have they become a mainstay?
Rent to own leases were once used to………………. Read more:
Federal Independent Foreclosure Reviews
The Foreclosure Review Application deadline is fast approaching. Are you eligible for compensation or other foreclosure relief because of errors or paperwork problems during the foreclosure process in Nevada?
The deadline to apply for a federal independent foreclosure review is July 31 2012. Read the whole story Here