Wanda Gabriel’s week in review for the Las Vegas Real Estate Market: “Last week I worked with a client from Korea and Cairo. Most of my time was spent just educating her about the area and process of buying a home in the states. She is really excited about owning a home in Vegas. She [...]
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How does the current Las Vegas real estate market inventory stack up with past years? What about this “shadow inventory” we keep hearing about in the news? Will prices go down further? Have we hit the bottom of the market yet?
Las Vegas Real Estate Blog: How will the Foreclosure Moratorium affect Las Vegas? via Las Vegas Real Estate Blog: How will the Foreclosure Moratorium affect Las Vegas?.
Las Vegas Real Estate: When is the Best Time to Close on a Las Vegas Home? via Las Vegas Real Estate: When is the Best Time to Close on a Las Vegas Home?.
The following excerpts were taken from this week’s MGM City Center press release announcing that City Center will be providing mortgages for condos and condo hotel units in its 67 acre mega development on the Las Vegas Strip. This is great news for Las Vegas condo purchasers who wrote checks for 20 to 30% down [...]
For all the agents out there – so many times we hear horror stories about others in the real estate industry, especially in hard times like the Las Vegas real estate market has just struggled through. Agents taking advantage of clients or stabbing each other in the back to make a living, lenders charging exorbitant [...]
Dear Readers, Below is a letter that I sent last night to an Australian agent who has clients that want to buy Las Vegas real estate. I had sent her some “best buy” Las Vegas MLS listings two weeks prior and her clients were supposed to respond immediately. But they procrastinated and lost out on [...]
Once again the mortgage lending guidelines have changed with the wind. For a brief period there was a window for foreign nationals to obtain mortgage financing on investment and second homes in the United States with down payments as low as 25%, but now that window has been slammed shut along with a host of [...]
Since Las Vegas is now a golf destination, I thought it was appropriate to post this letter to the editor of the Review Journal. The owners of Las Vegas homes have been complaining about the recent rate increases on water. For our Las Vegas golf course communities, this rate increase is even more expensive, raising [...]
As you know, it is a great time to be a “buyer” in our Las Vegas real estate market. Pricing on homes is almost back to the 2005 level, with many of them reduced to be “moved” by the banks. REOs and short sales currently make up almost 40% of the Las Vegas homes for sale. [...]
Even at the Palms Place, where most buyers were the young and the wealthy with cash to burn, there were some buyers that knew a good investment when they saw it. They took the plunge and plunked down a 20% deposit on one of the elegant Palms Place condo hotel units hoping to make a [...]
Hello, everyone, and welcome to my our new real estate blog! Our goal is to keep you updated on the Las Vegas real estate market and real estate conditions in general around the world. The Tonnesen Team of Prudential Americana Group Realtors has been selling real estate in the Las Vegas Valley since 1983. Prior to joining Prudential Americana in January [...]
It is happening all over the country – unsuspecting tenants are returning home from work to find an eviction notice on the front door. The bank has aquired the property through foreclosure and the tenant has to get out of their current home within 30 days. The tenant almost never is able to recoup any [...]
I just read this great article by Scott Burns, and thought I would like to share it with my readers! Makes great sense amid all the media hullaballoo. And for those with savvy, right now is a terrific time to buy Las Vegas real estate! Sure, there are pockets of pain around the US, but [...]
During the month of March both the much anticipated Palms Place and Trump Tower will be closing on their condo hotel units. In Palms Place, which is a smaller boutique project catering to hot young celebrities, the demand for resale units is expected to be higher than the supply. When the Palms Place originally offered [...]
Apparently, people with money are willing to pay to own a piece of the Strip.The single-family housing market remains at a standstill, thanks to the stagnating local and national economies. Luxury Las Vegas High Rise Condos along the resort corridor, however, are flourishing. The first new residents are expected to take ownership of their high-rise [...]
It never fails, there is always someone who figures out a brilliant scheme to beat the system. But instead of leaving while the going is good, they get too greedy and end up with their hand caught in the cookie jar. Some of these schemes are so brilliant and simple, you wonder why the perpetrators [...]
Green Real Estate is one of the fastest growing segments in our marketplace today. The big mixed used projects like the MGM City Center and also local homebuilders are now incorporating the principles of Green Real Estate into their developments because of the terrific cost savings and benefits of renewable energy efficiency. Join us on [...]
WHEN Bob Carson set out last year to find a second home in the Las Vegas area, his list of must-haves was short but sweet. He wanted to be close to golf courses. He wanted a pick of fine restaurants. Perhaps most important, he wanted to be a comfortable distance from the hubbub of Las [...]
Despite the decline in the Las Vegas homes market over the past two years, even major builders who have been the hardest hit are predicting that the bottom has been hit and another mini boom coming! Fueling that boom will be the literally tens of thousands of jobs provided in the new mega resorts Fountainbleau, [...]
For those that are energy conscious, a new breed of real estate agent has been born: the EcoBroker. EcoBrokers are educating the public on ways to make their existing Las Vegas homes more energy efficient, showcasing Las Vegas new homes builders who build eco friendly homes and giving advice on ways to make our lifestyles [...]
For homeowners who thought the federal tax refund checks were a nice surprise, you may be a candidate to save a lot more than a few hundred dollars. Fixed interest rates are still at very affordable levels, so it may pay to pull out your mortgage note and do a bit of comparing. Especially if [...]
Borrowers always wonder if they should lock-in interest rates on their new Las Vegas homes when they first apply for a loan–or should they wait and see where the market goes? That is the question. But there is no sure answer because either choice involves some risk. If you lock now and rates fall, you [...]
Just when the Las Vegas homes market was starting to come out of the doldrums, Fannie Mae has put another roadblock in front of many would be Las Vegas homeowners. We had been experiencing a lot more activity over the past month and at the auctions almost every property had actually been put under contract. [...]
The year 2007 was a rude awakening for owners of Las Vegas homes who found their properties steadily decreasing in value. Prices between November 2006 and November 2007 declined an estimated 10% and many of those who bought real estate during 2005 and 2006 found themselves owing more than their properties were worth. Las Vegas [...]
