Nevada to Receive Additional $57 Million in "Hardest Hit" fund..

Thursday, September 30th, 2010 at 3:26pm. 570 Views, 0 Comments.

Congresswoman Berkley News Flash

I Just received an e-mail from my Congressional Representative that I wanted to share:

Dear Paul,

    I am extremely pleased to announce that Nevada will receive an additional $57 million in assistance under the federal "Hardest Hit" fund, which targets help to states most affected by the foreclosure crisis and helps out-of-work Nevadans facing foreclosure remain in their homes.   

    When families lose their homes and our neighbors and loved ones can't find work, the whole community suffers.  I am fighting hard to deliver all the help I can to Nevadans caught in the middle of this economic crisis.  The "Hardest Hit" fund is a lifeline for struggling families at home in Las Vegas and across the country, having now provided…

Las Vegas Sun says Las Vegas Home Prices going up?

Wednesday, September 15th, 2010 at 6:20pm. 807 Views, 0 Comments.

Some Las Vegas Home Prices have gone up 16.7%?

Read this headline and the first paragraph from today's article in the Las Vegas Sun:

Some home prices come up as ZIPs with largest declines see rebound - Las Vegas Sun - Buck Wargo - 09/14/2010

Read Full Story Here

Sounds like a statement that Las Vegas home prices in certain areas are going back up to me. For somebody that does not understand what is being measured (which is very vague in the article) they would think that there are some hot little zip codes in Las Vegas where prices are going up and…

Las Vegas Real Estate News - 09/12/10

Sunday, September 12th, 2010 at 3:05pm. 1031 Views, 0 Comments.

Las Vegas Real Estate News

A quick recap of news for Las Vegas Real Estate:

(Please note - Just passing the word with some commentary. Contact me.)

HUD Secretary Says Las Vegas Home Values Stabilizing- Las Vegas Sun - Buck Wargo - 09/11/2010

Donovan appeared in Las Vegas on Friday to highlight $35 million in additional federal funds for the department’s Neighborhood Stabilization Program in which local governments redevelop abandoned and foreclosed homes.

His visit to Las Vegas comes as home sales have started to slow since the…

Las Vegas Home Sales Chart shows the impact of the Homebuyers Tax Credit

Wednesday, August 18th, 2010 at 11:13am. 533 Views, 0 Comments.

Las Vegas Home Sales Chart

Equity Title of Nevada just shot over their "July" Hotspot report to me with the number of Single Family home sales by Las Vegas zip code, the average sales price, the Number of Notices of Default Filed and the number of the Notices of Trustee Sales filed per zip code for Las Vegas Home Sales in July of 2010.

These are always pretty interesting and if you want the full report, just go to my Contact Form, put "Request Equity Title July Sales Report" in the Subject Line and I'll shoot it over to you so you can see what is going on in your Las Vegas zip code. (Or others.)

From the Report is the Following Chart that I found interesting:

As you can see, the Homebuyers tax credit obviously had an impact on Las Vegas real estate sales. The…

Insight on the Las Vegas Economy from Prominent Las Vegas Bankers

Sunday, June 27th, 2010 at 8:13pm. 457 Views, 0 Comments.

Local Las Vegas Bankers share thoughts on Las Vegas Economy

Certainly worth a read in today's Las Vegas Review Journal that you can read here:

Local Las Vegas Bankers Share thoughts on Las Vegas Economy

The headline / title to the story was terrible compared to the content. I'd love to copy and share some very thoughtful quotes and expand on them right here, but the Las Vegas Review Journal appears to be on a witch hunt for bloggers copying / sharing any of their content according to these articles in the Las Vegas Sun and have filed several copyright lawsuits on sources sharing information to their readers.

Regardless... with the reality of what is really going on in the true fiscal condition of the global economy, the top Local Las Vegas Bankers in town have…

Will Steve Wynn Move Headquarters out of Las Vegas to Asia?

Saturday, April 24th, 2010 at 12:19pm. 797 Views, 0 Comments.

Steve Wynn makes Headlines with Statement

Plenty of news out there about Steve Wynn's recent remarks concerning big Government... one of the better articles out there that I've found about the overall situation is from Pokernews.com:

Wynn Threatens to Move HQ to Asia

Wynn said, "It is not improbable or unrealistic considering so much of our revenue is from China that it makes sense that I spend most of my time here."

He also criticized President Obama's handling of the economy and said that this was a significant reason for wanting to move.

"The governmental policies in the United States of America are a damper, a wet…

Feds Say Gut Those Homes with Chinese Drywall - Was it used in Las Vegas Homes?

Saturday, April 3rd, 2010 at 7:03pm. 903 Views, 0 Comments.

Chinese Drywall debate is about to heat up

There are not many documented reports of Chinese Drywall in Las Vegas except for this lawsuit that alleges the use of Chinese Drywall brought on by four homeowners. I've also heard of a particular Las Vegas Condominium development plagued with construction defect litigation that also used Chinese Drywall but I've been unable to verify the accuracy so far. Regardless.. I'm pretty certain that the Chinese Drywall issue is going to be the next big concern after this latest guideline was just released from the Consumer Product Safety Commission:

Homes with Chinese Drywall must be Gutted

Thousands of U.S. homes tainted by Chinese drywall should be gutted, according to new guidelines released Friday by the Consumer Product…

Will new Nevada Lending Requirements and National Testing for Loan Officers help clean up the Industry?

Sunday, January 3rd, 2010 at 11:42am. 1608 Views, 0 Comments.

Will New National Testing

Clean up the Lending Industry?

"Must be Pre-Approved with such and such Lender... "

Anybody going through the frustrations of attempting to purchase a Bank Owned Home in Las Vegas certainly knows all about this requirement.  A recent call from a prospective buyer frustrated with trying to buy a home in Las Vegas had three pre-approvals from different lenders... an obvious sign to me that they had unsuccessfully been chasing bank owned homes.

While the process of getting pre-approved with the REO Agents desired lender is certainly a nuance to me since I have my favorite long time loan officer who works for a local mortgage company and does what they say they are going to do, I certainly can understand the requirement since I've run…

Las Vegas Real Estate Activity Report

Saturday, April 25th, 2009 at 10:46pm. 1249 Views, 1 Comments.

Las Vegas Homes in Contract

Buyers activity Surges for Las Vegas real estate.

As of today, there are currently 10,761 Las Vegas Homes that are either Contingent or Pending in the Las Vegas MLS for areas 101-606 which includes Henderson Homes, North Las Vegas Homes and Summerlin Real Estate. These numbers are suggesting the strong demand for Las Vegas real estate at current values which could be a very strong signal that Las Vegas Home Values may be finally ending the free fall in prices.

Type of Las Vegas Homes currently in contract:

• 8992 Single Family Homes
• 1230 Condominiums
• 520 Townhomes
• 19 Manufactured Homes

No surprise that single family homes lead the way in future sales.

Las Vegas Homes classifications:

• 6066 of these are Bank Owned AKA Las Vegas REO Homes.
• 3654…