Las Vegas Short Sales dominate Inventory Report for February of 2010

Thursday, February 4th, 2010 at 8:15pm. 97 Views, 0 Comments.

Las Vegas Inventory Report

Short Sales in Contingent Status Dominate Inventory

I just updated a client searching for properties on their own that keeps sending some really nice properties for more information with the news that the properties are currently in a "Contingent" status. All of them were short sales in a contingent status just waiting for a Lenders Approval of the short sale.

Due to the uncertainty of what the lien holder is going to come back with for an approval, properties with a signed contract between the seller and a buyer are put into a "Contingent" status subject to lenders approval. Unlike other contingencies... this is something the buyers and sellers have to rely on a third party since the price and terms of the final sale have to be…

Las Vegas Real Estate Undervalued by 41% According to New Report

Thursday, January 28th, 2010 at 3:08am. 168 Views, 0 Comments.

Las Vegas Real Estate Undervalued?

According to a new 2010 report compiled by IHS Global Insight and PNC Financial Services. The recent report was mentioned by CNNMoney.com that you can read by clicking on the following Link:

Housing Markets Now Well Undervalued

"The most undervalued market is Las Vegas, where homes sell for 41.4% below fair market, followed by Vero Beach, Fla. (-39.8%), Merced, Calif. (-37.7%), and Cape Coral, Fla. (-36.8%)."

Credibility Matters so who is IHS Global Insight & PNC Financial Services? The same companies that ranked Las Vegas as 38% Overvalued back in January of 2006 that you can read by Clicking Here.

Certainly some credibility when some of the so called real estate "experts" were claiming there was no bubble in Las Vegas at the…