LAS VEGAS VALLEY STILL UNDERVALUED HOMES

By Lisa Lundt on May 16th, 2013

The real estate website Trulia is reporting that homes in Las Vegas remain undervalued by 24 percent, despite price increases over the past year, the lowest in the nation, even topping Detroit, which is in second place at 23 percent undervalued. This number is obtained by comparing current pricing to historical prices, incomes and rents. ... [Continue Reading]

Sometimes, security cameras catch something totally different

By Lisa Lundt on May 1st, 2013

Team member Andy Karpf found this wonderful video; well worth the time to watch it! ... [Continue Reading]

The winds of change are a blowin’

By Lisa Lundt on April 17th, 2013

Wow, it is amazing how quickly things can change! It seems like only yesterday when Nevada made news as one of the worst-hit real estate markets. Real estate data collector CoreLogic recently released a report on nation-wide real estate trends, and Nevada was the TOP STATE for the highest home appreciation! Not only were we ... [Continue Reading]

Prices Expected to Continue Up

By Andy Karpf on April 16th, 2013

On Friday, a panel of experts at the Las Vegas Housing Outlook told the audience of sales agents, builders and lenders that they can expect more investors and higher prices in the next year. Although they agreed it is difficult to predict what will be happening with Real Estate in the long run, they ... [Continue Reading]

April Market Update

By Lisa Lundt on April 4th, 2013

Home values continue to rise throughout the Las Vegas valley. Over all, prices are up about 25 percent over the same time last year, with the median price at $142,000. There are currently more traditional sales on the market than distressed, either bank owned or short sale, a significant change from the same time last ... [Continue Reading]

Builders Buying Up More Land

By Andy Karpf on April 4th, 2013

Las Vegas is experiencing a huge increase in land prices with a 90% increase in residential land prices from a year ago. We are also seeing an increase in land sales which are up 37%. Many homebuilders are purchasing up as much land as they can to meet the growing demand for new homes in ... [Continue Reading]

More Good News For Nevada Foreclosure Rates

By Lisa Lundt on March 29th, 2013

National foreclosure tracker RealtyTrac.com recently released their first quarter report that indicates foreclosures have been edging up nationwide since April 2012, with 26 states posting increases in foreclosure activity. The good news is, Nevada isn’t one of these 26 state. We were one of the 24 that actually experienced decreasing foreclosure activity. In fact, we ... [Continue Reading]

Two New Projects for North End of Strip

By Andy Karpf on March 20th, 2013

SLS Las Vegas and Resorts World Las Vegas will be 2 new hotel/casino projects that are being developed on the North end of the Las Vegas Strip. SBE entertainment purchased the old Sahara Resort in 2007. The company plans to unveil the 1,620-room SLS Las Vegas in fall 2014 on that site. It will be ... [Continue Reading]

Real estate statistics; it’s not always that simple

By Lisa Lundt on March 18th, 2013

You might have seen the recently run story on MSN.com, “Housing recovery boom, bust states”. This top 5 list of best and worst states for market recovery awards Nevada the dubious honor of #1 “bust” state. The criteria for rankings on these lists are the number of delinquent mortgages, foreclosures, and the number of mortgages ... [Continue Reading]

Banks Unfairly Foreclosed On Homeowners

By Lisa Lundt on March 12th, 2013

This past week saw several news agencies reporting that as a result of a review of mortgages, several big banks have uncovered hundreds of cases of improperly foreclosed loans. Over 700 active military members lost their homes due to the improper handling of their delinquent loans. According to the Servicemembers Civil Relief Act, lenders cannot ... [Continue Reading]