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A Las Vegas presepective of the housing market

by on August 26, 2010

Did you hear the housing market is CRASHING!?!?!…. AGAIN!!!!! This is the general reaction I’m getting from my current and past clients I’ve spoken to over the last couple of days. One thing that I constantly try to instill in my clients, is the fact that real estate is a LOCAL market. Too often the [...]

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Government starts to reduce mortgage balances and changes rule to HAMP

by on March 26, 2010

The following is the text of details provided by the Obama administration Friday of its plans to enhance the Home Affordable Modification Program in order to provide more help to homeowners: 1. Temporary Assistance for Unemployed Homeowners While They Search for Re-Employment – Mortgage payments reduced to an affordable level for a minimum of 3 [...]

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Las Vegas Housing Market Conditions March 10th, 2010

by on March 11, 2010

This Market Condition Report is provided courtesy of Nevada Title Company and reports on closings of Single Family Residences for the period of Feb 2009 through Feb 2010. Overall, the supply and demand schedules are little changed from previous month. Supply is relatively tight, especially for REO (61% of demand/16% of supply). Prices continue to [...]

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Successlly closed two short sales in Las Vegas

by on January 12, 2010

My team at Prudential, the Crook and Abiera Team, successfully closed two short sale transactions this week. These short sales were with Wells Fargo on one, and Select Portfolio Servicing and Citibank on the other property. Both of these owners purchased during the peak of the market and had experienced a loss of income with [...]

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Las Vegas Short Sale Update: Buyers, do your research before making an offer on a short sale.

by on October 13, 2009

By: Paul Rowe Even though we have been in a distressed market for two years now and foreclosures and short sales are commonplace, many Las Vegas real estate agents still are not adequately preparing their clients on how short sales work or the time required for approval. Agents will do themselves, their clients and the [...]

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Short Sales in Las Vegas

by on June 13, 2009

In the past, many Las Vegas Real Estate Agents were recommending to their clients to stay away from short sales because of the length of time it took to close them, if they closed.  Plus, there was little guarantee the bank would accept their offer after months of reviewing it.  But due to the decrease [...]

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